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The Neblio token recently made a nice jump in value by slightly over 20% in a 24-hour period. Like Ethereum, the token is meant purely to lubricate the network whenever data is transmitted. Unlike Ethereum, the platform could be used for more than creating smart contracts and tokens for fundraisers. The Neblio platform is meant to be a foundation for enterprise-level blockchain solutions that can be customized to suit the needs of each business.
No Single Point of Failure
One of the weaknesses of traditional enterprise network infrastructure is that the data is often centralized on servers owned or leased by the business.
If the server is at all vulnerable to being hacked, suffering a hardware failure, or being destroyed in a natural disaster, then the business runs the risk of losing valuable data.
On the one hand, creating and storing backups in an off-site location is an expense that corporate bean counters grumble over even though it’s been explained to them that those backups will save their hind ends if the network has a catastrophic meltdown or becomes infected with ransomware.
On the other, the organization won’t want to lose quality IT staff who may have watched their peers take the blame for high-profile scandals in which data was deliberately wiped from a server and don’t want the same thing to happen to them. Neblio takes advantage of blockchain technology’s main strengths to securely store data on a decentralized network so that sensitive data is less likely to be lost due to a single point of failure.
According to Neblio’s roadmap, its platform will be intuitive to use with fully customizable APIs that can be used to create the blockchain apps that are most useful to each unique business.
The mobile, Raspberry Pi and Docker wallets were recently released and the first APIs will be added in Q1 2018. By the end of 2018, the full suite of Neblio API Suite v2 for Enterprise Customers will be ready for delivery.
2019 and beyond will be devoted to refining, scaling, and innovating as needed to encourage widespread adoption of the system for enterprises that have expressed interest in using blockchain applications as needed to upgrade their databases.
May Not Be Suitable for All Businesses
To be fair, recent business news may make it sound like terms like “blockchain” are just buzzwords designed to increase a company’s valuation. If one business idea just isn’t working out, the business’ decision-makers can pivot to distributed ledger technology and have a fair chance of cashing out at a decent price.
The natural downside of such a pivot is that investors will catch on eventually, so maybe it’s not a good idea to over-saturate the market with companies that specialize in distributed ledgers too quickly.
If an entrepreneur is really serious about integrating blockchain technology, then the good news is that the business may not have to do much more than define what it needs in a blockchain application and seek out contractors that know about blockchain technology and what to look for in a blockchain platform. Existing platforms like Neblio that may be able to handle the desired blockchain integration.
The decision-makers in a business may also take a look at whether their business needs a blockchain application at all. A small retailer might be interested in stocking products that have been verified as authentic by a blockchain supply chain app designed to automatically reject cheap knock-offs, for instance, but the owner might reasonably hesitate to store customers’ credit card information on the Neblio platform.
It would be better to avoid storing customers’ private financial data for any longer than it takes to settle with the credit card processors. So a blockchain platform like Neblio obviously isn’t a cure-all for data storage needs.
Is the Neblio token worth the recent 20%+ jump in value? It could be if Neblio released its mobile wallets on time and potential investors like what they see so far.
It’s going to be a matter of whether Neblio will be ready for a market in which everything from a former biotechnology firm to that small beverage company has already swiveled to focus on blockchain technology or says they have for a boost in value.
That may be enough to make investors and potential users a little skeptical by the time Neblio’s full platform is released. Those who are willing to take a chance on it in the near future may find that it’s worth the investment.
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