CyberVein: Decentralized Blockchain For Data Value Managing?
As the blockchain continues to evolve, the need for increased user-control and privacy has arisen within this domain. CyberVein is one such platform that is designed to help combine the world of public and private blockchains so as to create a unified service that allows for maximum security. It makes use of a functional model that helps integrate an existing data economy with the native blockchain so as to help facilitate its overall operatibility.
Additionally, when looked at in more detail we can see that CyberVein helps guarantee basic functionality within existing databases, as well as allows for the implementation of ‘contract-oriented languages’ so as to devise a technological solution that is able to carry definitions and elucidate clear data value systems.
More About CyberVein
Some of the core aspects of this platform that set it apart from other similar technologies include:
(i) Smart Contract Implementation:
One of the central features of this system is that it makes use of digital contracts to eliminate the need for manual syncing of data sets. Smart Contracts allow for ‘automated correlational activity’ to occur by simply pre-defining pertinent data values in advance.
(ii) Good Usability:
This platform makes use of a ‘virtual machine module‘ along with a decentralized ledger to help users execute and govern database operations in a highly defined and streamlined fashion.
(iii) Easy to Use:
Cyber Vein allows its users to make use of their own data value definitions so as to formulate unique smart contracts. Not only that, even complex parameters can also be entered with relative ease when using this system.
(iv) Non-Resource Intensive:
Owing to its digital framework, this platform does not put a lot of pressure on the nodes that exist within the network. This not only helps facilitate faster transactions, but also allows for better overall performance.
Other Important Details To Bear In Mind
(i) Native Consensus Module:
Unlike Bitcoin and other famous cryptos which makes use of the Proof of Work (POW) model, CyberVein employs a unique Proof-of-Contribution (POC) mechanism that eliminates the need for miners and third party users to help network participants come to a common consensus.
(ii) Low Fee Structure:
The overall transaction and confirmation fee that is charged to users is extremely low (especially when compared to conventional transfer services).
(iii) DAG Architecture:
DAG or directed acyclic graph is a functional tool which when used by crypto platforms can allow for faster and more efficient transaction confirmations. This is primarily done by allowing each new transaction to confirm one or more previous transactions, thereby resulting in the creation of a directed graph which contains no repetitive cycles.
Who Is Behind CyberVein?
As per the company’s whitepaper, Sumit Bhatnagar is the head of this project. Sumit is a data expert who has been in the domain of cyber security and data analytics for nearly a decade now. In terms of his prior work experience, he has previously worked at:
- Oracle Federal Financials
Additionally he also serves as the President and CEO of GreenBrilliance— a vertically integrated solar turn-key energy services provider.
Similarly, Arthur Yu is the technological head of this venture. According to his LinkedIn page, Arthur holds a Masters degree in finance from Imperial College, London and has previously worked at J.P.Morgan.
How Do I Get Onboard With CyberVein?
To sign up for CyberVein users can get in touch with company representatives via email ([email protected]). There are no pricing details available on the official website. Alternatively, contact can also be established via a number of other routes including the company's Twitter, Slack and Telegram channels.