IOTA Launches A Solution For Permanent Data Storage Called Chronicle
Iota introduced Chronicle, a solution that allows node owners to store all their transactions and maintain continuous access to this data with no time limitations.
It's finally here! Introducing IOTA Chronicle, our Permanode Solution. Node owners can now easily store all #IOTA transactions in a fast, secure, scalable and distributed database. Learn more about this new #permanode solution here: https://t.co/EYQzXZ7dk9#scylladb
— IOTA (@iotatoken) September 17, 2019
What makes Chronicle so unique is the opportunity for community members and even businesses to offer the Tangle data “query as a service”. With some minor additional development, node owners could earn money by charging IOTA tokens to access historical Tangle data.
For node owners with limited storage, transactions can quickly fill up their database. This presents a problem for the Internet of Things, where IOTA is working on integration with low-level, resource-constrained devices.
Regarding the future of the product, IOTA writes on their blog:
“Going forwards, Chronicle will share its runtime environment with Bee, our next generation of node software. With today’s release marking its first iteration, work will begin immediately on porting Chronicle into the Rust programming language to run alongside Bee. As with the release of Trinity, Chronicle will undergo a third-party audit, as part of the Bee framework, to ensure it is watertight before then being declared production-ready.”
Earlier, Iota tried to solve this problem by introducing a system of local snapshots that allow owners to delete old transactions and keep a smaller database. However, this didn’t result in the best solution, as it was not suitable for data types that need to be stored for a longer period.
Earlier in August, Iota entered into a partnership agreement with Jaguar Land Rover manufacturer to demonstrate a proof-of-concept (PoC) for tracing vehicle energy using a distributed ledger technology.