Start-up aims to be an Airbnb of computer databases by letting people rent out unused data storage
Summary
Much like home-sharing platform Airbnb, Bluzelle allows users to rent out underused data capacity in everyday objects like computers and mobile phones, Bains said at CNBCs East Tech West conference in the Nansha district of Guangzhou, China on Thursday."With a decentralized one, what it does is basically breaks up where everything is stored," Bains explained, likening it to smashing a plate, representing the dataset, into a thousand pieces, making it much more secure — a process called "sharding.The issue starts when these companies store the data insecurely, monetizing it without the users knowledge, or even manipulating it, Bains said.While competition is fierce, with Amazon and Microsoft retaining a large chunk of the cloud database market, Bains said he believes Bluzelles system will appeal to new users."Theres no extra effort on them, they dont have to be engineers," to join and be part of the network, according to Bains, who added it will be enough of an incentive to drive users toward his decentralized database.