How Blockchain Tech Could Revolutionize Data Storage
We have already written a bit about projects seeking to decentralized data storage, including MaidSafe and Permacoin, although the latter isn’t really a fully decentralized storage model. Add to that list Storj [PDF whitepaper], and we can get an interesting idea as to how decentralized storage might look in a year’s time, perhaps less. MaidSafe and Storj are both open-source projects that include a protocol and a cryptocurrency. Both break up data into pieces and distribute those across a network. Users can verify ownership and thus access their data with a token, the same way a Bitcoin....
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PRESS RELEASE. Decentralized cloud data storage platform SINOVATE is developing its own in-house blockchain technology known as Deterministic Infinity Nodes (DIN). The potentially groundbreaking new tech works in unison with Incorruptible Data Storage (IDS) to create a new consensus system with security levels never seen before. Market Growth & Unsustainable Solutions The data storage industry is Projected to exceed $80 Billion USD in the next 4 years as a result of the rise of mobile devices, the app market, and growth across Blockchain IoT, AI, and e-commerce. The market is split between....
New technologies will change not only the way we communicate or process payments but also our cities, transportation system and many other spheres. With smart cities, IoT and other large-scale innovations being around the corner, more and more people are concerned about the security of their data. Will Google or other major corporations control every aspect of our lives? Is there any alternative? Luckily, with the advent of blockchain technologies, decentralized projects just keep showing us that there is indeed a better way to store our data and, of course, money. What the world is....
Traditional enterprise storage is dying. It’s becoming less and less viable for companies to create and maintain traditional data centers that have a fixed cost of operation, despite varying amounts of storage actually being used. Add on the fact that these data centers need proprietary systems to protect, backup and maintain assets, and it’s easy to see....
Acronis , the Singaporean data security, and protection company has announced that the company will implement blockchain technology for data protection in the future A Singapore-based firm has expressed its interests to experiment with blockchain technology to strengthen its data storage and security services. Acronis, as the name is titled, has recently employed a research and development facility to look into the Bitcoin’s distributed ledger technology, while focusing on creating tools that can be used to protect data from getting corrupted, stolen or compromised. Is it something new?....
Blockchain technology has the potential to change the healthcare industry, but without needed adjustments, it wouldn’t be possible. Over the past decade, blockchain has surpassed the hype realm into a real transformative solution for industries. Several companies are investing billions of dollars on the network; it topped LinkedIn’s list of in-demand hard skills in 2020, and articles about its potential are now littered on every finance blog. Ask those who had experienced the early internet days, and they will certainly have a lot to tell you about the feeling of deja vu that has diffused....