GLBrain is an Internet platform, community managementinterface, and online marketplace combined into one. It implements the features of innovative chaincode and hyperchain technology to provide Internet users complete data privacy and ownership, something that’s lacking in the existing platforms on the Internet. The question is- how does it do it exactly?
Blockchain Integration in GLBrain
One of the most important objectives of GLBrain was to use a ledger based on blockchain technology so that a reliable record of transactions of the users can be maintained. This is why the platform itself is designed as an internal ledger that can link the data blocks through chain codes. However, the users get to manage their data the way they want. Not only they can modify their personal details on the fly, but they can also set restrictions on who gets to access their data.
GLBrain platform also encompasses an online marketplace, i.e. the GLMall marketplace. For it to work with blockchain technology, it was necessary to create a ledger in which transactions can be recorded in a way that they can’t be altered and rather stored with timestamps. In fact, the same system is followed for other applications that GLBrain offers viz. certifications issued by NGOs and other communities, KYC details of individuals, etc.
Internal Receipt Ledger
To ensure that GLBrain’s clients and users trust the platform 100%, the enterprise built the Internal Receipt Ledger (IRL). With this technology, whenever a transaction is processed or a digital entity like a certificate is shared on the platform, then it’s verified and time-stamped. All data blocks and chain codes that are related to the transaction/asset are then stored on GLBrain servers separately. These can’t be modified or tampered with by any entity on the platform.
To make block data even safer and independent of the GLBrain servers, the company will soon introduce another blockchain technology feature called External Receipt Ledger (ERL).
Unmatched User Transparency is Almost Here!
Today, lack of user privacy and corporate exploitation of user data are rampant on the Internet. GLBrain is building a platform that successfully applies the key features of blockchain technology to solve this problem. With a unique platform that allows the users to connect with each other, build communities, and trade in a transparent and secure environment, data exploitation and privacy violation will soon be a thing of the past. For more updates and announcements, you can also look forward to the upcoming GLBrain IEO.