Review on GeoDB by francis fernandez
GeoDB: promoting a decentralized data market
In the digital age that we live in, the virtual services industry is increasingly growing due to the high demand for data, storage capacity and other requirements that go hand in hand with data technology.
For this reason; cryptographic projects have focused on developing technological applications that represent reliable solutions.
GeoDB is a platform that aims to develop an open market for the commercialization of data on a large scale using the security provided by blockchain technology.
GeoDB acts as a provider that promotes the exchange and generation of data and storage services to break down the barriers users encounter in the conventional data provision industry.
Technology:
The GeoDB infrastructure creates a scalable and efficient data market by driving exchanges without the control of third parties or intermediaries.
In addition, it has an easy interface that simplifies the integration of technology applications to business systems to create diverse data sources in real time.
GeoDB technology promotes the creation of advanced big data systems, through the use of GPS, sensory mechanisms and geospatial services that contribute to the generation of information in real time.
For this, it incorporates the use of the Apache Flume system. Therein lies his main contribution to the data industry.
Another important aspect of its powerful technology is that it contributes to the reduction of business costs; by providing more scalable and secure solutions to generate, distribute and analyze data.
Without a doubt, GeoDB sets an important guideline in terms of how to obtain and distribute data for processing in real time. A vital tool for long-standing supply chains.
Pros
- Serves as a secure data exchange mechanism
- Creates a decentralized marketplace to trade data on a large scale
- It allows creating blockchain storage solutions
Cons
- Unstable value of the coin
