Future Use Cases for Blockchain Technology: Decentralized Cloud Storage
One of the main aspects of life has become how and where individuals and companies store their data online. Putting things in the cloud has become a mainstream trend in recent years, even though that term means users are hosting files elsewhere on centralized servers. With so many servers and services being affected by hacks and breaches, blockchain....
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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....
An early screenshot of Storj. The next-generation decentralized cloud storage project is nearing alpha release. A few months ago, I started reading about Bitcoin 2.0. Technology cannot stand still and, if you want it to become bigger, it is imperative that people keep developing. Because of Bitcoin's open-source nature, this development is forever ongoing. Yesterday, Kyle Torpey reported on sidechains and what they could mean for Bitcoin and the vast collection of altcoins. It's safe to say the whole community is very excited about this idea. While these are somewhat troubling times for....
Data is the most important element of today’s information-driven businesses. The better decision-makers understand their staff’s requirements, industry developments, and client expectations. Also, it can more strategically plan future growth. This need has fuelled massive development in decentralized cloud storage. StorX aspires to be a decentralized cloud storage leader. Convenient enterprise-grade storage options like Google Drive are combined with solid open source technologies. It wants to democratize the monopolized cloud service industry. Its technology allows consumers to rent....
Data is the most important element of today’s information-driven businesses. The better decision-makers understand their staff’s requirements, industry developments, and client expectations. Also, it can more strategically plan future growth. This need has fuelled massive development in decentralized cloud storage. StorX aspires to be a decentralized cloud storage leader. Convenient enterprise-grade storage options like Google Drive are combined with solid open source technologies. It wants to democratize the monopolized cloud service industry. Its technology allows consumers to rent....
While the world has evolved from storing and transferring information from paper to cloud storage, data is still not entirely protected. The existing cloud storage system used for sharing information while encrypted is centralized, and centralized systems have the inherent disadvantage of being vulnerable to hacks and attacks. However, decentralized solutions such as blockchain technology have become an excellent alternative because of their immutability. Sharing intellectual property through the blockchain network can create a more secure and reliable system because of its several....