HomeCOINSWhat Is ZillaMatrix (ZMAX)? Complete Guide Review About ZillaMatrix.

What Is ZillaMatrix (ZMAX)? Complete Guide Review About ZillaMatrix.

What Is ZillaMatrix (ZMAX)?

ZillaMatrix provides automated data privacy compliance, continuous protection, and secured sharing for your application. This is near-impossible to breach, has an immutable data ledger to resolve disputes, conduct audits, and eliminate data liability. In addition, Chain enables secured data sharing between customers, partners, internal groups, and employees. And the platform extends private data usage in smart contract applications on blockchain platforms such as Hyper ledger and Ethereum with simple API interfaces and can provide such integration with any smart contract blockchains.

There are three data trends to fit the use of ZillaMatrix platform. One, data is expected to grow from 33 ZB (zetta bytes) today to 175 ZB2 in 5 years – Chain provides efficiency for such data storage. Three, increased value in data would force adoption of better data protection platform to prevent significant financial and reputation damage.

ZillaMatrix Storage Key Points

Coin BasicInformation
Coin NameZillaMatrix
Short NameZMAX
Circulating SupplyN/A
Total SupplyN/A
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

Data on-chain & scalability, privacy issues

Today, some enterprises put their data on the blockchain. ZillaMatrix The problem here is that one data-heavy transaction can stall the blockchain and delay other transactions. Other issues include privacy, immutability of the data, and visibility to everyone. This is a big problem for most use cases because privacy may result in unintended liability consequences for the enterprise, and some do not want to disclose monetizable data assets on the blockchain.

Data off-chain & data protection

ZillaMatrix As is done in most blockchain apps, the data is stored off-chain and placed in a traditional MongoDB database with object storage. This data is replicated across members of the network, which leads to an inherently vulnerable architecture as pointed out in Fig 1. All the hacker needs to do is attack one of the servers and be able to get access. An alternative architecture is to stripe the data across servers as shown in Fig 1.

Now, the hacker needs to have the keys for all the servers in order to gain access. Not only is this extremely fault tolerant, because the servers can be located in different buildings and in separate ZillaMatrix locations, but this architecture is essentially impossible to breach. By having the keys on the blockchain, it records all activities and so in case of any breach, those activities are immutable and readily available for forensics.

Single source of truth

In order to monetize data in applications, the smart contract first needs to trust the data uploaded. Since a single source of truth does not exist today, the blockchain consensus members would first download the data and verify the content hash which is expensive and laborious to do. With d Storage providing a single source of truth, the smart contract code just needs to verify the transaction submitted against the metadata on the ZillaMatrix blockchain, which is a faster, simpler, and a scalable process.

Encrypted data handling

Today, the data handled by the blockchain smart contract cannot be encrypted because there is no easy mechanism to decry-pt it for processing and verification, unless the parties set up private channels for such communication. With d Storage, encrypted data handling is very simple and no new code is required.

The originator uploads the encrypted data once and provides proxy re-encryption keys for individual 3rd parties to look at the data for processing. Examples of this process will be discussed in later sections where ZillaMatrix proxy re-encryption technology generates auto token and is used to share a file for smart contract processing.

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