Fluree PBC Releases FlureeDB Enterprise Blockchain Database from Beta
By TDE News Desk - August 22, 2018
Optimized to meet modern enterprise application requirements, FlureeDB provides a powerful infrastructure on which to build and deploy custom permissioned blockchains
Winston-Salem, NC: After a successful eight-month beta program with over 700 registered participants, Fluree PBC has officially released FlureeDB – a blockchain database built to power enterprise-grade applications – in production for general use.
A number of companies involved with Fluree’s beta program are already poised to launch production ready applications built on FlureeDB. Included in this list are: Alpha Software – a low-code enterprise application development platform, Benekiva – a life insurance claims processing platform, One Donation – a charitable giving SaaS offering, and Docsmore – a document management platform.
FlureeDB is an ACID compliant graph database with a blockchain core. It provides novel features such as time travel, “smart” functions, distributed consensus, tamper resistance and a provable historic audit trail.
FlureeDB can run internally as a highly-performant graph database to power standard business applications, but can also be distributed and decentralized – in its entirety – across an established network of participants known as a “permissioned blockchain.” Permissioned blockchains provide entities in a consortium with a transparent ledger of transactions that is immutable by nature and decentralized with no central authority. FlureeDB’s ability to deliver these characteristics in a familiar database format promises transformative implications for industries such as Supply Chain Management, Insurance, Real Estate, Fintech, and more.
Leveraging blockchain as a core element in its underlying architecture, FlureeDB offers infrastructure solution for building out enterprise-grade blockchain applications at scale with a better database. With FlureeDB, companies can deploy a more flexible consortium blockchain, or aim to build applications with incredibly modern features, thus providing its customers and partners with the business value of blockchain technology.
“FlureeDB packages up all the powerful database features that satisfy modern enterprise requirements, combines them with an immutable, time-ordered blockchain core ledger, and delivers to enterprises a practical and powerful infrastructure on which to build, distribute, and scale custom blockchains,” said Brian Platz, Co-founder and Co-CEO at Fluree PBC. “It is my hope that the flexibility FlureeDB provides developers will be leveraged to pioneer practical deployments of enterprise blockchains and usher in a new era of decentralization, business transparency, and industry collaboration.”
A number of companies have already announced their use of FlureeDB for their service and product offerings, citing its powerful database capabilities with blockchain features as key value propositions in selecting their backend infrastructure. Alpha Software Corporation, a rapid enterprise app development company with over 3,000 customers, has announced its plans to leverage FlureeDB as a data source in its Alpha Anywhere and Alpha TransForm product offerings. Alpha Anywhere is a front-end and back-end, low-code, rapid mobile application development and deployment environment. Alpha TransForm allows non-coders to build and deploy smartphone apps in minutes. FlureeDB allows Alpha’s large developer and user base to incorporate blockchain capabilities into the apps they are developing on the Alpha platforms.
Benekiva, an insurtech platform focused on digitizing the life insurance claims process, uses FlureeDB to store policyholder signatures on an immutable ledger. This reduces the need for complex audits and also enhances the level of trust between policyholder, insurance company, and beneficiary. Benekiva plans to mature into a decentralized platform that will streamline contract and claims workflows across market participants in a consortium powered by FlureeDB.
One Donation, the software that allows employees to engage in philanthropy through instant payroll deductions, is leveraging FlureeDB to provide a transparent and tamper-resistant platform for charitable giving. With blockchain finality, One Donation can provide proof that donations were allocated to their intended charitable cause.
Docsmore, a cloud-based Document Management and Facilitation platform focused on replacing paperwork with a digital model for document management, is using FlureeDB to store document signatures on an immutable ledger. With this, Docsmore is able to provide its clients with an unprecedented level of tamper resistance and guaranteed data integrity.
“At Docsmore, we are thrilled to use FlureeDB as part of our continued commitment to innovation, security, and efficiency,” said Bobbie Shrivastav, Co-founder & CEO of Docsmore. “FlureeDB gives us the power to irreversibly guarantee that sensitive information was handled correctly and legally binding signatures were stored immutably.”
FlureeDB’s key features include:
- Immutable blockchain core for tamper resistance and a provable historic audit trail.
- “Smart” Database Functions for programmatic control over data updates, consensus rules, or permissions.
- Support for distributed ledger in a decentralized network.
- “Time Travel” – Point in Time Query allows every version of your historical database to be queried instantly.
- Graph database format with powerful analytical query logic support.
- Separate query engine for linear scaling, delivering sub-millisecond query responses.
- Cloud hosted (DBaaS) option for no management overhead.
- ACID compliant transactions.
Co-founded in 2016 by Flip Filipowski and Brian Platz, Fluree PBC is a Delaware-registered Public Benefit Corporation focused on enabling blockchain deployments for a wide range of industry applications. FlureeDB is their first solution that brings blockchain into the data tier with a fully-functioning and modern database.
