Learn more about Bluzelle.
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Founders Pavel Bains (CEO) and Nareej Murarka (CTO) created Bluzelle in 2016 and then successfully hosted an USD 19,5million ICO in February 2018. They want to offer the market a decentralized database solution, where you can distribute decentralized applications (dApps). This is done with the notion that the future decentralized internet needs a database to be able to scale and function efficiently. Therefore, has a vision to create that database platform with a two-token economy to incentivise their PoS (Proof-of-Stake) structure.
The ecosystem primarily has two central players, a producer and a consumer. Consumers use tokens (BLZ) to store and retrieve their data. Then, the producers guarantees the service level and provides the (consumer) requests of resources to the network. So, once at this stage, the producer puts up a proportional stake of BLZ to facilitate the process. Therefore, higher quality encourages players to create competitive services which is the very baseline for a free market-ecosystem. Subsequently, the system can reduce costs, increase their scalability and erase any pains with complex existing database integrations. This in its entirety makes Bluzelle very attractive option for the SME (small-to-medium-enterprise) segment to distribute their dApps on their network.
Another remarkable aspect with this project is that founder Pavel Bains, has been very diligent in clinching partnerships. In their latest blogpost: Bluzelle Collaborators Update II we can read about their latest wave of partnerships.
The general market for cloud storage and cloud computing boasts a little bit over a $200 billion capitalisation globally. This number is growing year over year, where total spending on endpoints and services is estimated to reach almost $2 trillion by the end of 2018. Recent news about large database security breaches and other obvious pains with centralised database solutions has led the market to welcome a decentralised solution such as this one.
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