Company Performance Metrics
- Ragul Kumar: Chief Technology Officer
In Web3, there is a perennial problem. On-chain or off-chain application data storage. Storing on-chain data is extremely expensive and slow and impacts the economics and user experience of the app. Storing off-chain means storing the data on centralised systems, defeating the very purpose of decentralisation and introducing single points of
failure in the system. This impacts the security of the application and trust of the consumer. Kandola solves this problem, by providing a true, decentralised database that guarantees availability, scalability and security. In Web2, there is an increasing trend of enterprises moving away from AWS and similar cloud hosted databases and services due to increasing cost. The promise of low overheads and convenience by centralised cloud service providers has failed due to steep costs. Kandola uses the economics of decentralisation to create perfect market conditions, where nodes compete on costs and service parameters to get benefits from the network. This creates a platform whose costs are 10 times and sometimes 100 times lesser than similar centralised systems.