Traditional data solutions have been centralized with data stored in a single location and processed using centralized tools and technologies. But with the rise of blockchain and decentralized technologies has paved the way for decentralized data transformation solutions that offer a number of benefits over their centralized counterparts. As the world becomes increasingly data-driven thus the need for effective and efficient data transformation solutions is more critical than ever.
Decentralized data transformation solutions are basically built on top of blockchain and other decentralized technologies. Here decentralization is achieved by storing data on a distributed network of computers rather than in a single location. This distributed network can provide us with a number of advantages, including increased security, resilience, and scalability. Security of data is the main advantage of it, I must say. By storing data on a distributed network it becomes much harder for hackers and other bad actors to compromise the system. This is because there is no single point of failure, and any attempt to attack the system would require compromising a large number of computers. So, it is much more difficult and time-consuming for hackers to arrange these computers all together at a time...
