What Is Neblio (NEBL)?

What Is Neblio (NEBL)? Complete Guide Review About Neblio.

What Is Neblio (NEBL)?

Neblio unique distributed ledger technology is what makes the Neblio Network possible. This decentralized system of securely storing transactions is the future of database technology for global networks. Enterprise applications taking advantage of this technology gain numerous benefits over those using traditional database architectures including transaction immutability, transparency, security, reliability, and decentralization.

Each office or hospital in the network runs a private version of the blockchain node which ensures that every single record stored in the ledger is accurate and immutable across the entire network in real time. The answer is a distributed application. Imagine the same application, but instead of using a traditional database, the application accesses and stores the medical records in real-time on a private (due to medical record privacy laws) Neblio blockchain network.

Neblio Storage Key Points

Coin BasicInformation
Coin NameNeblio
Short NameNEBL
Circulating Supply18,887,242.86 NEBL
Total Supply19,126,103
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Official Project WebsiteClick Here To Visit Project Website

What is the Neblio Blockchain?

A blockchain network such as Neblio is a decentralized peer-to-peer network of nodes that exchange information in the form of transactions; storing those transactions in an immutable distributed ledger. All nodes have a full copy of the ledger (known as the blockchain, due to being made of individual blocks) at all times. A node that would like to record information in the ledger first broadcasts a transaction containing the information to the network where it is relayed to all other nodes.

One node then compiles all new available transactions on the network into a block that is added to the blockchain. Once a block is stored on the blockchain, it and all of the transactions contained within it are immutable, meaning that the transactions cannot ever be altered in any way. When information on the ledger needs to be updated, as common with database systems, a new transaction is simply added to the ledger with the new information. However, the original information that was stored in the ledger remains intact and verifiable in a previous block for the entire life of the blockchain.

Enterprise Adoption & Next Generation Solutions

Despite ever-increasing media coverage of Bitcoin and other blockchain-related technologies, along with countless articles counting the industries that blockchain technology will revolutionize each year (for the last 5 years!) there has been very little adoption of blockchain technology in the enterprise space.

Industries that would benefit the most from the inherent advantages the blockchain provides over traditional database architectures are waiting for mature tool sets, developer ecosystems, and packaged platforms to easily develop and deploy new applications, or to move traditional applications off of legacy database architectures and on to a blockchain network.

Neblio While legacy blockchain networks have gained popularity by focusing on the digital transfer of value (cryptocurrency), next-generation blockchain solutions will focus on how the underlying technology can be evolved to support new use cases through innovation. While these next-generation solutions will also support the transfer of value due to the fundamental need of transferable “tokens” on the network, the focus will be on enabling new technology and use cases.

In the case of Neblio, enabling businesses and enterprise developers to harness an intuitive blockchain platform and developer ecosystem to rapidly develop and deploy decentralized applications that utilize distributed ledger technology instead of traditional database architectures.

What are distributed applications?

In the blockchain sense, distributed applications are applications that access and store pieces of information on the Neblio blockchain. These applications typically have a “front-end” client that stores, processes, or displays the data for the application. As an example, consider a theoretical medical application running on an iPad. In a traditional enterprise world, this application would store and retrieve patient medical records from a central database located in the medical office. Doctors can use the application as they visit patients to view and update medical records.