Data Storage and security services of Blockchain

The reason why you are here is that you have heard a lot about Blockchain technology and its super efficiencies. But you too are confused about the mechanism and concepts of it? Worry not, you’ve driven yourself to the right place. Here we will provide you with a set of information about why Blockchain technology has been proven the best data storage platform and secure application in recent days.

In the future, just technology is not going to solve the purpose. For the multi-tasking generation, we need a multi-specialty and multi-purpose platform. How is Blockchain going to solve the purpose?

Firstly, you read- it’s a distributed ledger technology (DLT). What is a DLT and what is its storage specialty? The one-line answer to this is that a DLT shares the recorded value (not data) between every person connected in the chain.

Blockchain facilitates a value-driven peer-to-peer interaction. ‘Interaction here means visibility and access to validate or discard any activity’ and ‘peer-to-peer interaction here means that every user holds the ownership to safeguard the system and their data if the new value trying to enter into the chain is not approved by 100% of the existing users it cannot enter the chain system.’ Users in blockchain are called ‘Nodes’ or systems.

Blockchain distributes each set of data into individual blocks, and each block has a particular data or a set of data. The storage of data is completely dependent on the size of the data. This means, to occupy a block the data size should be equivalent to 1 Megabyte? 1MB is the size of a block. For any data exceeding the limit of 1MB, a new block is auto-generated.

Hence, blockchain maintains a ledger of every data entered, for maintaining data it distributes it into a set of blocks (of 1MB each), to record any additional data by any user and to create a new block the blockchain technology shares the data value between the existing nodes (systems or users) to be validated for creation and update.

Now, this is where the secrecy joins the discussion. As discussed in the above paragraphs, blockchain generates blocks for storing data. Ok, but how is it secure? If any node can have access to the value, can approve or deny the entry of a new node then how it cannot breach or mutate the data?

Well, the key too is mentioned above. As we discussed, the data value is shared and not the data and your data is stored in blocks. So, the blocks are cryptographically locked in the blocks. Which means that it is immutable and can be breached by any random user? Cryptography is a hexadecimal combination of code. These codes are called a hash.

To breach any data the Node will have to decode or guess the hexadecimal code combination. Now you see how tough it is. Additionally, the hash is not just a unique code. It is a code that consists of the combination of the new unique I’d and the previous hash code. This auto-generated code secures your data, making it immutable and unbreachable.

This is how blockchain technology securely keeps your data that can only be opened by the owner.