BlockBox

Abstract

Today we know that the majority of websites are running on some business model and you need to store the data of your customers in the form of verification documents, their information, payment methods, transactions, last but not least the credentials. So the question arises what attempts are being kept in the note for the security of all information? Central server with dba, developer, and manager access? If something goes wrong, how will you investigate? Will you build your own custom solution? But the client will pay you for the project, not for this, but security is always there, the hurdle to build and maintain. Imagine if you simply get a server at a very cheap price, which will provide a blockchain solution for your private storage with multiple nodes, and compliance verified, how much easier your life becomes. Did you hear about that type of service? Most likely not, because no one exists. So at this point, you may know about our idea of the project, that we are going to build "A Blockchain for Private Storage''. Blockchain is not a new idea, but the problem with blockchain is it's all public, and if you are running your business you can’t put your every secret to the public, so what's the point then? Everybody can open a copy of you. So we all know there are secrets to every business, and we need to store all the assets somewhere secure with multiple partner's access because you are not the only one who is the shareholder of the business. So this solution provides the full-fledged solution to storing all of your private data in the form of a database (document base) with a visual dashboard. The next biggest problem with blockchain is that for a single transaction (like on ETH) we need to pay roughly 100$ worth of crypto which is variable when we are sending half a million dollars to someone so we can afford 100$ but when we are storing single person record than 100$ didn’t make sense at all and we think this is the reason people don’t utilize blockchain as a database but with our custom solution following the standards of blockchain, you can store data with the help of simple APIs in very cheap price.