MakoLab, a Polish company from the IT sector, is working on a new 'improvement' project for the current technology blockchain. Based on graph databases and modified by blockchain security and distribution methods - this is what GraphChain technology should be.
What is GraphChain?
GprahChain is nothing but database. The data in it, however, are not stored in blocks, as in the case of blockchain. They are stored on graphsand the technology itself comes from RDF database at the same time implementing it blockchain security and other functionalities.
In other words, the RDF graph can be seen as an unordered set of triples, and the named graph is the above set with the URI name assigned. Graphchain can therefore be defined as set of network mechanisms responsible for data distribution between nodes. It is supposed to be mechanisms known from blockchain technology implemented, however, over the abstract RDF data model.
How exactly GraphChain works, explains the video below published on the official website of MakoLab on YT:
We invite you to read the publication SlideShare.
Dr Mirosław Sopek, vice president of MakoLab, in an interview for Business Insider Polska he says:
"The makolab in the blockchain space has fundamental activities. Well, one of them is very much innovative conceptwhich we call GraphChain. This technology builds blockchain mechanisms (security) for bases that we know from 20-30 for years. Other blockchains usually build their own solutions, making them difficult to use. We have a concept connection of well-known graph databases with blockchain technology. [...] The application of this technology we are currently working on is trustworthy identification of companies in the space of banks and finance. This system is growing enough that it will probably be global system company identification. It is a system interesting enough to be supported by reign and appointed by G-20. "
As you can see, the world of crypto services is available to everyone, and a Polish company can have a significant impact on the development of blockchain technology.