How Can Blockchain Improve Data Storage?
Summary
Big cloud storage companies such as Google and Amazon that dominate the industry are often suspected of cooperating with the authorities and giving them access to private data. Convincing users to store someone else’s data on their disks and to run nodes might be challenging but is essential for scaling the ecosystem of off-chain solutions, and blockchain helps decentralized clouds with that. Obviously, running a full node for the on-chain storage platform will be costly, so the ILCoin developers are betting on rewarding their future partners with proprietary coins like their off-chain competitors. Decentralized cloud storage improves the security and privacy of users’ data by encrypting their files and sharding, but they cannot brag about having the same high speeds and low latency as centralized ones. In addition, blockchain solutions for decentralized cloud storage have not yet demonstrated the ability to build a critical mass of users, which is essential for the ecosystem and remains one of the sticking points of distributed systems.
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