The blockchain and software development firm, Fluree has collected $4.7 million during its seed funding round. It aims to develop a new database system called FlureeDB. It is an immutable, time-ordered, decentralized blockchain based database system. The information comes from a report by a tech news outlet.

The users can access the database on a private network or on a combined blockchain network. The CEO of Fluree, Brian Platz says that the system can’t be 100% decentralized like Bitcoin. Otherwise, it’s going to be slow. The user can decrease the centralization amount based on their work. He further adds that this database provides enormous probity of data. The user can prove that the present data has not interfered. It isn’t possible with the current database systems.