Recap from OST LIVE with Pavel Bains, CEO of Bluzelle — Decentralized Databases and Data Management

Pavel is the CEO of Bluzelle, a decentralized database focused on solving the security, integrity, reliability issues facing data management. Pavel discussed centralized vs decentralized databases and common security, integrity, and reliability challenges with today’s data management solutions.

Pavel has experience working in both corporate and startup companies. He has worked in digital media and entertainment for Disney, Microsoft, EA, and Activision. He also founded a children’s ebook entertainment company called Storypanda, which became part of 500 startups. Today, Pavel is CEO of decentralized database platform Bluzelle. He is also an active contributor to Fast Company, VentureBeat, Forbes and The Huffington Post .

Over the past few years, Pavel Bain has worked with Neeraj Murarka to bring blockchain strategy to corporate enterprises. They provided KYC products to banks in Asia, including HSBC, Japanese bank MUFG, and Singapore-based financial services organization OCBC. They also worked with smart contracts for insurance companies. Pavel and Neeraj took blockchain principals and applied them to a database management protool to develop Bluzelle, a secure, scalable, and reliable decentralized database network for storing and managing data..

Pavel says that developers are concerned with integrity in hosted and cloud based services due to the of potential security breaches. How do they know that data wasn’t changed or manipulated? Pavel then mentions that in a centralized storage cloud based service, there are multiple points of attack, vulnerable to data breaches by a hacker. As the amount of data being consumed increases, data security becomes a significant issue. Pavel proposes that a decentralized database can solve for these issues, stating “we’ve built our own consensus algorithm. Every time a change is done, it’s verified by the network and you know that it’s your data, no one has corrupted it and no one has changed it.” Having a decentralized database breaks up data into fragments across nodes in a network, making it nearly impossible for an hacker to acquire data because it would require the hacker to break into each node in the network. Pavel explains it as breaking plates into thousands of pieces:“Let’s say, you’ve got a massive email list and you enter the data onto a plate. You take that plate and replicate it a thousand times. Now we take all those plates and smash them into thousands and thousands of pieces. Each of those pieces we store on a different node on the network. If someone wants to steal your email list, they have to go into every single node which has its own separate encryption built into it. They have to take all those pieces and put it together. Even if they got into one node and took one piece, it’s meaningless.”

Pavel has the goal to have every common computer, laptop, game console, and even cell phone to become a node in the network, making it possible for anyone to download the protocol and earn tokens for providing storage. If a developer wants to build a new application, they need to have a database to store data on and run the application. Bluzelle is really focused on the developer market. The key difference is it’s not just for blockchain projects, it’s for anybody building up a database. Pavel suggest that anybody building any application, whether decentralized or traditional, should use a decentralized database.

Coming Up Next on OST LIVE: Ben Chan and Nate McKervey

Next week we will be having OST LIVE interviews with Ben Chan on October 31st and Nate McKervey on November 1st. Ben Chan is CTO of BitGo, a security, compliance, and custodial solutions for blockchain-based currencies. Nate McKervey is an entrepreneurial technologist and keynote speaker focused on Blockchain & DLT and it’s intersection with Big Data, Machine Learning, and IoT. Subscribe to our YouTube channel or listen to the audio format on anywhere you listen to podcasts, including on iTunes, TuneIn, and Spotify. We’re also now available on Alexa! Simply add “OST LIVE” to your flash briefing.

About OST

OST blockchain infrastructure empowers new economies for mainstream businesses and emerging DApps. OST leads development of the OpenST Protocol, a framework for tokenizing businesses. In September 2018 OST introduced the OpenST Mosaic Protocol for running meta-blockchains to scale Ethereum applications to billions of users. OST KIT is a full-stack suite of developer tools, APIs and SDKs for managing blockchain economies. OST partners reach more than 300 million end-users. OST has offices in Berlin, New York, Hong Kong, and Pune. OST is backed by leading institutional equity investors including Tencent, Greycroft, Vectr Ventures, 500 Startups.