Future Use Cases for Blockchain Technology: Decentralized Cloud Storage
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Future Use Cases for Blockchain Technology: Decentralized Cloud Storage

THELOGICALINDIAN - One of the capital aspects of activity has become how and area individuals and companies abundance their abstracts online Putting things in the billow has become a boilerplate trend in contempo years alike admitting that appellation agency users are hosting files abroad on centralized servers With so abounding servers and casework actuality afflicted by hacks and breaches blockchain technology may authority the key to analytic this problem

Also Read: Future Use Cases for Blockchain Technology: The Reddit We All Want It To Be

Cloud Storage Is A Centralized ServiceMegaupload

Storing important abstracts on a computer, adamantine drive, USB stick or alike on cardboard are all forms of authentic centralization. There is usually alone one, or sometimes a scattering of persons, who can admission the stored abstracts whenever needed. If said abstracts would go absent for whichever acumen – fire, stolen, lost, confused –  lot of accident could be done.

In the accomplished few years, the appellation “storing abstracts in the cloud” has acquired boilerplate traction, as it removes the charge for committed hosting at the area of the alone user or business. All of the acute abstracts can be transferred to a billow hosting provider, and they will ensure the abstracts is attainable by assorted bodies at any accustomed time.

From a business perspective, it seems to accomplish faculty to move all of the aggregation or acute abstracts to the cloud, as it is a cost-cutting admeasurement compared to advancement committed accumulator at the facility. Plus, best billow accumulator providers present a added affected way of accessing files compared to an centralized solution, which can alone be benign to productivity.

As a aftereffect of this above about-face to relying on cloud-based services, assorted companies accept been alms their casework to barter about the world. To this actual data, best of the abstracts captivated and shared, is stored in cloud-based solutions. While this is a actual convenient solution, there are several issues with relying on these types of casework as well.

The abstracts actuality stored “in the cloud” is transferred to servers acceptance to the billow account company. However, their servers are all centralized, and accommodate a axial point of failure, in the aforementioned way, centralized accumulator solutions would do. Plus, billow servers are consistently affiliated to the internet, authoritative them a high-profile ambition for hackers.

Granted, several billow account providers will accomplish offline backups of all the abstracts actuality stored to restore any missing abstracts if needed. But back a aggregation food acute customer advice in the cloud, such as claimed annal and analysis documents, cloud-based hosting providers are not the band-aid best bodies anticipate it is.

In the adverse accident of article activity afield with the abstracts stored in the cloud, the afflicted alone or aggregation can put the accusation on the third-party billow account provider. Looking at this from a albatross perspective, putting the accusation on addition abroad is a accustomed animal trait, as no one wants to booty the accusation back article goes wrong.

Centralized Cloud Storage – The Story of Kim Dotcom and MegaUploadKim Dotcom

To accord a absolute archetype of how centralized billow accumulator is, attending no added than the adventure of Kim Dotcom and Hong Kong-based MegaUpload. Even admitting MegaUpload was originally advertised a  cloud-based hosting band-aid for files of all types and sizes, it didn’t booty continued for copyrighted actual to accomplish its way to the servers.

Once government admiral had abundant of the account provided by MegaUpload, the area name was seized, and all associated websites were shut bottomward by the US Department of Justice. Shortly after, all owners and operators of MegaUpload were accusable and arrested, and assets account over US$40m were arctic by Hong Kong’s Customs and Excise Department.

One being artifice the ball was none added than Kim Dotcom himself, as his cloister case charcoal accountable to above altercation apropos its legality. It charcoal to be apparent whether or not the case adjoin Kim Dotcom will anytime accomplish it to court, but at the time of publication, that bearings seemed awful unlikely.

After MegaUpload had been shut down, the catechism remained as to what would appear with all of the files stored on aggregation servers. Even admitting none of the servers were in ascendancy of the United States Department of Justice, they remained at the bounds beneath the ascendancy of a third party. That aforementioned account was after countered by the third affair themselves in a columnist release. In the end, all abstracts stored on MegaUpload servers was deleted by Leaseweb.

The moral of this adventure is that, alike admitting MegaUpload provided billow accumulator for all types of files, it was far too accessible for the US government or added third parties to shut bottomward the service. All of this was fabricated accessible because the servers were centralized in one location, authoritative it accessible to abutting off admission to any of the files actuality stored.

Blockchain Technology and Decentralized Cloud Storageshutterstock_226423537

A accessible band-aid to the billow accumulator beating comes in the anatomy of blockchain technology. The blockchain is best accepted for powering the Bitcoin network, as a cellophane balance recording all past, present and approaching transactions. But the technology is able of so abundant added than that.

Blockchain technology can be acclimatized to a cloud-based account model, area appointment and autumn abstracts is absolutely decentralized. Similar to how the Bitcoin arrangement uses committed Nodes to advertisement transactions, the aforementioned archetypal could administer to billow storage. Using a few committed Nodes all over the apple area the abounding abstracts is stored, additional Light Nodes, which abundance chunks of the data. In the end, all of the abstracts is advance throughout servers and computers active all over the world, with no axial point of failure.

Additionally, Bitcoin could comedy a agency in this business archetypal as well. Alone users could become Light or abounding Nodes themselves, in barter for Bitcoin payments every time abstracts is stored or accessed. Allowing alone users to become allotment of the cloud-based account would addition decentralization, and acquiesce these users to use any additional accumulator they may accept on their accessories for a baby budgetary gain.

What are your thoughts on application blockchain technology for decentralized billow storage? Can Bitcoin comedy a role in this business model? Let us apperceive in the comments below!

Images address of Wired, MegaUpload, Business Solutions Hawaii, Shutterstock