Inery introduces the first layer-1 blockchain tailored for decentralised database management, enhancing Web3 with a secure, efficient data platform. Its decentralised data system propels Web3 initiatives beyond centralised databases, focusing on security, swift processing, and extensive throughput, while ensuring data control and reducing centralisation risks by distributing data over multiple servers. The Inery blockchain, an eco-friendly public chain employing a Proof of Stake mechanism, is Sybil attack-resistant and maintains high throughput. Governed by a DAO, it ensures decentralisation and facilitates cross-chain interoperability, aiding data exchange across various blockchain networks. This system is pertinent in areas like government, finance, healthcare, and education, fostering Web3 connectivity and metaverse dApp development. The £INR token is essential for blockchain security, transaction validation, and accessing IneryDB. Co-founded by Naveen Singh and Ivan Vujic.
