Finnium

Platform Overview

  • EncryptionAES256
  • Per chain250€ pm
  • Monthly Charge2€ / MB
  • Built onRUST
  • Record typesSoT, SoV & Raw

Finnium is a DAAS (DLT As A Service) provider - DLT or Distributed Ledger Technology is an immutable storage medium that facilitates high-speed transaction storage and optional processing

DLT is the core platform that underpins Blockchain

Finnium is different to Blockchain in that there are multiple chains in operation at any time using the Hydra technology - This means that data is silo'd into independant chains as opposed to a single structure. These chains are accessible independantly and feature their own authentication domain together with associated replication partners

You own your chains and as such Finnium supports data portability

Finnium is written in the RUST language and features unparalleled processing speeds

Finnium supports the following query & write mechanisms via established, well-defined AP's (Access Points)

  • Websocket

    Websocket realtime communications enables a live connection to the local service instance

  • HTTPS2

    HTTPS2 enables high speed one off authenticated actions via the active API

  • Swarm (P2P)

    P2P, available for enterprise clients, allows for publication/subscription enrollment for chain changes

Transactions
  • Write Speed3M tps
  • Read Speed150M tps
  • SupportsRecord Expiry

All transactions follow a similar design. The payload of the transaction (data that the transaction represents) can be as follows

  • Source of Truth (SoT)

    Source of Truth enables document storage - Useful for KYC or other mechanisms for on chain provenance or the store of information pertinent to the individual / business concerned. Documents cannot exceed 10MB in size

  • Source of Value (SoV)

    Source of Value uniquely ties the user-identity to a store of value. Note that stores of value define the value per unit (float) and the number of units (signed integer) together with a token denoting some store of value. Units cannot be fractional

  • Raw

    Raw allows for the store of raw data without encoding

With the exception of Raw, all content is encoded in Base64 to prevent recoding issues

A chain can contain a mixture of these 3 variants - Alternatively a chain may be exclusively defined to hold just value type. The choice is yours

Finnium is NOT blockchain - Finnium does NOT support a public concensus mechanism but rather an authoritive consensus mechanism in which the owner of the chain decides what data is stored

Finnium uses AES Encryption for user management with salted keys - All user identities are signed against the chain and not re-used - The public-key for each user is stored in chain to ensure realtime user management - The private-key for each user is held by the individual - Should a chain lose the salt, no authenticated actions may take place

Finnium does NOT support Smart Contracts (ERC20) or such - Finnium supports record expiry and record cancellation - For SoV chains, a 2 stage process is used to persist value transactions in which a request to write is first announced, followed by a confirmation of write - If a confirmation of write does not occur, the announcement record is discarded

Pricing
  • Per chain375€ pm
  • Monthly Charge2€ / MB
  • ManagementLive Dashboard

Finnium's pricing strategy is chain orientated where each chain costs 375 € per month (billed per annum)*

Each month you are subsequently billed the for the storage in MB (minimum 1) at 1.50 € per MB per datanode* - for example If you have a chain consuming 5 MB of data distributed to 5 datanodes, you will pay (5 Nodes * 5 MB * 1.50 €) = 37.50 € per month

You do not pay for read transactions. For more information visit the pricing page

* For the Standard 12 Month Model (Payable 4500.0 € / Year) - All prices shown without applicable taxes (state + federal)

Security
  • SigningRSA.2048
  • EncryptionAES256
  • SaltedUUIDs
  • Public / Private KeyCertificates

Finnium supports a unique security paradigm in that all chains incorporate their own security engine IN CHAIN which itself is encrypted against a SALTED KEY

If the key is not present, authenticated write actions may not take place, placing the chain into a read only mode

User access identifiers are unique to each chain using the chain identifier, the salt and the email address of the individual

All authentication is via Certificates issued by the platform with the public key placed into the chain (encrypted against the salt). When a transaction is executed, 3 access layers are queried. The Chain Salt key (to determine if the chain is in a write mode), The User Identifier (salted aginst the chain salt key) and then the action is validated using the public key for the corresponding user

All records have an optional permission set to control access - Unless defined, all records are public read access

Availability
  • AvailableNow
  • ProvisioningPay'N'Go
  • NetworksTEST / MAIN

The service is available worldwide and compliant to GDPR and ISO.27001

Nodes are periodically upgraded and brought online. Each node operates independantly and maintains a persistent connection to the main cluster