Maybe some of you may aware or get used to using Cloud Storage Service like Google Drive, Dropbox,one drive, BOX, etc.
But do you know that blockchain technology can be used as a storage to keep your data? Storj, Sia, filecoin are some of crypto projects that rely on blockchain to support their storage strategies.
Cloud storage and blockchain storage are actually distinct concepts. Both of them are underlying technologies and characteristics.
On this post, I will explain both concepts, so you can clearly recognize the differences. To simplify the explanations, I will focus on several aspects:
Where the data is stored
Security
Ownership and Controls
Use Cases
WHERE THE DATA IS STORED
Cloud Storage
Cloud storage relies on centralized servers owned and maintained by a service provider.
Blockchain Data Storage:
Decentralized, with data distributed across a network of nodes, enhancing security and resilience.
2. SECURITY
Cloud Storage:
Relies on traditional security measures like encryption and access controls.
Managed by provider.
Blockchain Data Storage:
Decentralized, with data distributed across a network of nodes, enhancing security and resilience.
3. OWNERSHIP AND CONTROLS
Cloud Storage:
Users rely on Cloud Storage's infrastructure, and the company has control over user data.
Blockchain Data Storage:
Users have greater control and ownership of their data due to decentralization.
Smart contracts can also process automatically certain data control aspects.
4. USED CASES
Cloud Storage:
Primarily focused on file storage and sharing.
Blockchain Data Storage:
It's not only storage, it can facilitate secure and transparent transactions, identity verification, and more, depending on the blockchain platform
#storage #SmartChain #BlockchainTransparency #CloudBusiness #CryptoTrend
