ELROND ♥ USE CASE
Big Data, Cybersecurity and the blockchain
With Big Data, enormous amounts of data can be stored, processed, and analyzed. Merging with the Elrond blockchain creates a new level of analytics and data security.
Big Data describes particularly large volumes of data that are generated when various data sources such as mobile Internet usage, social media and media streaming are combined. The data is characterized by its complexity, fast-moving nature, and weak structuring.
Companies analyze this data, among other things, to optimize development processes, better align marketing with customer needs, or lay a data-based foundation for strategic decision making within the company.
A new level of analytics
Big Data analytics has enormous potential but it comes with many challenges.
Combining Elrond blockchain technology with Big Data takes analytics to a new level.
Big Data and the Elrond Blockchain
The combination of Big Data and blockchain technology has future potential.
Blockchain, Data Integrity & Cybersecurity
The decentralized nature of the blockchain makes it almost impossible to manipulate the volumes of data stored in the blockchain network. With its novel consensus mechanism “Secure Proof of Stake”, the Elrond blockchain is very secure and more resistant to cyber attacks than cloud services.
Blockchain & Fraud Prevention
Storing Big Data in the blockchain makes it possible to monitor transactions in real time and immediately identify potentially fraudulent transactions. This enables financial institutions, for example, to better protect their customers.
Blockchain & Real-Time Data Analytics
The Elrond blockchain enables the real-time analysis of Big Data. This allows evaluations to be accelerated significantly and conclusions drawn from data analysis to be implemented effectively.
Blockchain & data sharing
With the help of the Elrond blockchain, Big Data can be shared with other stakeholders without any security risk.
It also eliminates the need to repeat a data analysis, as each data analysis performed is stored in the blockchain.
Blockchain & Cost Saving
Big Data eats up storage space and computing power. Compared to cloud storage providers such as AWS (Amazon Web Service) or Azure, potential savings of up to 90% showed when using blockchain applications to handle computing power.
More about the Elrond blockchain
Let us show you why we are convinced of the Elrond blockchain technology.
Elrond is a high-performance blockchain technology based on the proof-of-stake consensus mechanism. It was developed to eliminate vulnerabilities of other blockchains. Actually, we claim that Elrond is the best blockchain technology in the world.
Would you like to learn more about the potential of the Elrond blockchain for your company? Our experts will be happy to advise you. Free of charge and without obligation.
Advantages of the Elrond blockchain
Let's talk about Elrond, Big Data and cybersecurity.
Want to learn more about the potential of the Elrond Blockchain for Big Data?
Contact us for an orientation meeting. We look forward to hearing from you!
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