With blockchain being one of the most significant emerging technologies, know more about what the future holds for data management in blockchain.

1. BLOCKCHAIN & THE FUTURE
OF DATA MANAGEMENT
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2. DATA STORAGE SYSTEMS TODAY
Personal solutions are often in the form of USB keys, external hard drives,
cloud accounts such as Dropbox, etc.
Enterprise solutions today usually:
Are centralized Lack a clear trail of
all activities related
to them
Characterized by
hacks and theft
attempts, often
discovered months
after the fact
Consider Human /
Corporate Strategy &
Culture elements as
factors
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3. BLOCKCHAIN BENEFITS FOR DATA
MANAGEMENT
Immutability
Blockchains provide a
decentralized, immutable
and auditable solution
for data storage and
management.
Blockchain-based solutions
are highly secure and able
to minimize the human
error element of regular
systems.
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High degree of security

4. REAL-TIME DATA PROCESSING
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Financial institutions handle a large volume
of transactions and need to be highly secure
to protect the data of their clients.
The distributed nature of blockchains means
there is no single point of failure.
This will help identify malicious actions
early on and provide an auditable trail of
all their actions for authorities to view.
Enterprise / Private blockchains are as fast as
traditional blockchains so there is no lag in the
data -- the user experience remains the same.

5. PRESERVATION OF DATA INTEGRITY
The inherent
security features
they have are the
main assets for
factors of data
management and
maintenance of
data integrity.
The very core of
blockchains being
decentralization
and immutability
help authenticate
and track data at
every point on a
chain.
They also make
it very easy for
auditors and
authorities to
conduct audits
quickly and
efficiently.
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6. CREATION OF TRUSTLESS ENVIRONMENTS
Blockchains provide a trustless environment: meaning
the logic is programmed into the code, the database is
secured cryptographically and decentralized and that
results in an environment where parties who don’t know
each other can transact with each other without having to
trust anyone.
The trust is placed into the programs and the platforms
and thus there is no need to trust an individual or party
on the system.
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7. EASE OF DATA SHARING
Owing to blockchain's ability to
provide many people access to
data at once and in real-time,
information sharing becomes
more seamless and smooth.
Homomorphic encryption enables
privacy-preserving outsourced
storage and computation, helping
users to transact using their
information without revealing the
exact details of their information --
this will have a big impact on privacy
in the future.
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8. POPULAR TRENDS LIKELY TO TAKE CENTERSTAGE
5G
Edge / Fog
Computing
Increased demand
for transparency
Increased scrutiny
& audit-ability
Machine-to-Machine
Communication
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9. WHAT DOES THE FUTURE HOLD?
Blockchain-based data storage
and management systems are
the future.
They make databases more
secure, de-centralize control
and points of failure, and make
interactions fully auditable.
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