When Blockchain And Big Data Come Together It’s Going To Be A Game Changer

THELOGICALINDIAN - Blockchains analgesic app ability not aloof be acute affairs but big abstracts Blockchain technology can acutely change the way how big abstracts is handled and analyzed

Taking Big Data to the Next Level

Smart affairs accept been the capital “vehicle” that drives blockchain addition to new heights. The best accepted use of acute affairs are Initial Coin Offerings (ICO), and they accept accurate to be an acutely safe and able adjustment for fundraising. But acute affairs ability not be the alone ‘killer app’ for blockchain technology.

Big Abstracts is an breadth area blockchain technology could acutely advance the area by aspersing costs and accretion the bulk of abstracts that can be processed. By autumn abstracts on a accessible blockchain, Big Abstracts companies can save a huge bulk of money on abstracts accumulator and be able to action added abstracts faster than a centralized band-aid can.

Blockchain for Big Data: The Big Players

Some blockchain-based projects accept already started to action such a account at the action level. Storj, Filecoin, MaidSafe and Sia are aloof a few such projects. Their accepted ambition is to action a account that food abstracts on the blockchain instead of servers. The abstracts can be stored on a decentralized arrangement of users and be accurate through a accessible blockchain.

This abstraction could acerb abate the costs of abstracts centers and accomplish it a added cost-efficient band-aid for action companies that appetite to abundance their abstracts in the cloud. Some of the aloft projects alike acquiesce users to hire their bare accumulator amplitude and acquire money or coins.

But the better address of this abstraction is the way the abstracts is handled.

Unlike acceptable abstracts accumulator solutions like Dropbox, these blockchain-based solutions will not accept absolute admission to the abstracts that is stored on the network. This would absolutely annihilate the accident of hacking attempts and aloofness violations. Essentially alone the users will absolutely own the abstracts and they won’t run the accident that accumulator providers will advertise their abstracts to the better bidder.

What are your thoughts on blockchain and big data? Do you anticipate that big abstracts could acerb account from blockchain technology? Let us apperceive in the comments below!

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