Data storage on an enterprise blockchain platform comprehension

Input data characteristics

Blockchain uses hashing algorithms and timestamps to validate and prove the uniqueness of the block. Therefore, the data stored in the blockchain is the transaction data type (or needs to be converted into the form of transaction data), that is, the data has a state associated with a timestamp.

Backup and restore method in blockchain

Blockchain uses a full backup method to one or more locations continuously with a comprehensive protection mechanism at the same time. Thereby, blockchain allows for quick data recovery and still retains data integrity.

Ability to access and retrieve data

People digitize data to find more efficient data storage solutions. Now, instead of having to remember data, people learn to work with digitized data: analyze and make decisions based on that data. Therefore, speed and integrity when retrieving information are critical to ensure performance results.

Latency while waiting for transaction confirmation:

Updating and storing data on the blockchain can cause latency to collect consensus from all nodes. However, this is a worthy trade-off to achieve the transparent value of data and secure storage capabilities permanently.

  • Scalability and storage costs

Conclusion

Each data is valid for a different period. Some data are valuable for an instant; some only create value after a specific time.

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