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What is Neblio?

2018-12-10 | Neblio

Neblio follows the legacy of Bitcoin in creating a decentralised peer-to-peer network that can exchange information in the form of transactions. These transactions are stored in an immutable ledger of which all nodes own a copy. Through this ledger, while changes may be made, all previous states of the network always remain available and verifiable.

Although Bitcoin and other blockchain technologies have seen a marked increase in its price and media coverage over the years since its inception, large-scale adoption still appears to be lacking, especially in the enterprise space. Industries that benefit the most from blockchain technology over traditional database architecture appear to be waiting for more mature ecosystems and platforms for which applications can be developed more easily. While blockchains, most notably Bitcoin, gained traction as a means of transfering value, the next generation of blockchains can bring new use cases. Neblio aims to be one of these next-generation solutions and will support, for example, the transferring of tokens on its network. Similar to other platforms like Ethereum, NEO, and EOS, Neblio aims to provide an ecosystem that can be used to develop decentralised applications that can open up a great variety of fields for blockchain-based solutions.

What are decentralised applications?

Decentralised applications use blockchain technology to access and store pieces of information essential to the application on the blockchain. An example would be a distributed database of records like the medical records used by doctors. A centralised database would generally be used for this purpose. However, such a solution depends on a centralised server that may experience downtime at a critical point in time. Furthermore, data on the server may become corrupted or may be altered by someone with ulterior motives. There will likely be a backup, but these generally do not include every change that has been made. A distributed application, on the other hand, has every node on the network keep their own copy of the record. If a node experiences downtime, this will not affect the rest of the network and other nodes will function as usual and will ensure that the data remains available. Furthermore, the blockchain allows you to go back through every alteration made to its data in the past. This makes a blockchain solution within this context both more secure as well as more reliable.

Of course, this is just one example where blockchain solutions can be applied. Neblio aims to provide a platform on which applications can be built that enable solutions for all sorts of scenarios.

The Neblio Blockchain Platform

Neblio aims to build a development platform that will make it easier to develop and deploy decentralised applications compared to other platforms for that purpose. The team behind Neblio sees the difficulty of development and inadequate developer skillsets as the greatest obstacles for adoption. Because of this, the platform is built with developers in mind and supports almost all popular programming languages through a suite of APIs. This approach will allow developers to immediately use their existing knowledge to start developing decentralised applications.