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Businesses face several problems when storing data on-premises. There are steep technical and cost issues in scaling infrastructure up and down, and maintaining storage area networks is a challenge. One also has to deal with complex problems in data compatibility and security. These challenges have led to the emergence of a
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The cloud computer storage industry was valued at US$80 billion in 2022 and is projected to reach over US$180 billion in the next five years, according to a 2022 report by Markets and Markets Ltd, indicating it has a winning formula for companies seeking a lower-cost, secure option to store
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The release of the decentralized storage system’s whitepaper was having a modest effect on the price of other storage tokens on Wednesday. Filecoin (FIL), Storj (STORJ), and Arweave (AR) are now trading 2%, 5% and 6%, respectively, above their pre-announcement prices. Source
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BNB Chain, a blockchain platform launched by crypto exchange Binance, revealed interest in building a blockchain-based Web3 infrastructure in its new BNB Greenfield white paper.The white paper explains it as a decentralized storage infrastructure within BNB Chain, which allows users and decentralized applications (DApps) full ownership of the data. Potential
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The TON Storage will use financial incentives from Toncoin with the help of smart contracts on the blockchain.The Ton Foundation, a non-commercial organization behind TONCOIN, has announced the launch of its TON Storage, a decentralized file-sharing and data storage solution. The Ton Storage is developed similarly to the Torrent file
Read MoreIn an open letter today to Neo community members, the Neo Foundation reflected on the past four years of activity and teased their plans for the future: Neo3, the third iteration of their smart contract-enabled blockchain, which will sport file storage and D-ID (Digital or Decentralized Identity) features. Neo, the 22nd
Read MoreCanada's central bank, the Bank of Canada, recently put out a report on the risks and benefits of a central bank digital currency. "An anonymous token-based central bank digital currency (CBDC) would pose particular security risks," the Bank of Canada wrote in its Oct. 5 report. "These risks arise from how balances are aggregated
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