How data storage will shift to blockchain
If you thought cloud storage was digging in its heels to become the go-to method for storing data, and at the same time grabbing share from own-server, in-house storage, you may be interested to hear that some think both are on the way out. Instead organizations will use blockchain-based storage.
Decentralized blockchain-based file storage will be more secure, will make it harder to lose data, and will be cheaper than anything seen before, say organizations actively promoting the slant on encrypted, distributed technology.
Storing transactional data in a blockchain
China company FileStorm, which describes itself in marketing materials as the first Interplanetary File Storage (IPFS) platform on blockchain, says the key to making it all work is to only store the transactional data in blockchain. The actual data files, such as large video files, are distributed in IPFS.