Usher Labs is decentralizing custom data-driven digital asset management. The goal is to secure the conversion of digital interactions and signals into on-chain outcomes. The Log Store Network is the solution, offering a permanent and secure data store for event data, indexed and query-able by time. Prior to this development, Usher Labs released its Web3-integrated referral marketing platform which demonstrated the need for such infrastructure as it involved the redistribution of digital assets between parties engaged in performance-based partnerships.
The problem that sparked the creation of Log Store Network is that when custom data is utilised within Smart Contracts, this data is typically requested from centralised, siloed environments which exposes security risks associated to data integrity and data availability.
The Log Store Network solves this issue by decentralizing data management from the point of data collection, to storage and then to query, ultimately bringing forward a decentralized time-series database. To achieve this, Log Store leverages KYVE as its data validity layer and storage mechanism onto Arweave.
Their team developed their own data pool integration focused on Streamr data on KYVE’s devent Korellia. Then they used KYVE’s REST-API to develop their own specific data source to funnel into Log Store’s other layers.
Developers will benefit immensely from the Log Store Network AlphaNet, which enables storage and query of Streamr data in a permissionless, decentralized, and fully verifiable manner. Users can acquire and stake AlphaNet tokens to fund Nodes responsible for securely composing and storing data on the Arweave blockchain.
The Log Store also provides a practical solution for any dApps that require reliable, verifiable data storage. Use cases range from DeFi protocols leveraging data-driven on-chain token re-allocation, Games rewarding users based on their engagement across Web3, Marketing platforms rewarding users for their interactions and data, archiving and retrieval of data for public ledgers and Web3 infrastructure, and even long-term, easily accessible records, that can aid in decentralised identity verification.Learn More