Ties.Network, the maker of the first public, distributed and decentralized blockchain database, saw its coin TIE quadruple in trading value since the beginning of the year on the news of Ties.DB – company’s flagship blockchain database product – launching into alpha in April.
This development comes right in the heels of TIE listing on TIDEX exchange, which makes the token more accessible to a wider audience. Having started the year in the $.15 range, TIE rallied up as high as $.60 in the first days of the New Year. Customers that possess TIE tokens can use them to pay for Ties.DB use at a discounted rate. Now that the product launch is confirmed by the alpha release, future users that didn’t get a chance to purchase the token during Ties.Network’s 2017 Token Generation Event are making up for the lost time.
“Ties.DB is a database product that serves the needs of companies that are native to blockchain, and this is why we are seeing a run on the token – there is nothing quite like Ties.DB on the market yet,” said Alexander Neymark, Ties.Network CEO and co-founder. “Our customers need a database that doesn’t require migration techniques, and that supports the functionality, flexibility and economies of scale enabled by the blockchain technology.”
Besides offering customers the ability to seek for information in the files stores on blockchain, Ties.DB has a built in collaboration mechanisms that allow members to interact with each other and securely share the data.
So what would customers actually use Ties.DB for? The product is commonly used to support:
- Trading in goods and services
- Trading in crypto-currencies
- Hiring and recruiting personnel
- Managing emission during token generation events and blockchain projects
- Managing customer service feedback
- Maintaining marketing and sales contact lists
- Sharing video or music files