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How Can Blockchain Improve Data Storage?

Published 01/22/2020, 07:15 AM
Updated 01/22/2020, 09:02 AM
How Can Blockchain Improve Data Storage?
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Cloud servers are able to keep a full record of our lives, storing literally everything from personal photos and videos from our smartphones to work documents. At first glance, this solution makes our lives easier, but some unexpected threats can be found under a shell of comfort and extensive customer care.

Although centralized data storage has its own benefits — higher speed and availability, quick throughput and low latency — it all comes at a cost. Big cloud storage companies such as Google (NASDAQ:GOOGL) and Amazon (NASDAQ:AMZN) that dominate the industry are often suspected of cooperating with the authorities and giving them access to private data. It can be easily accomplished because users’ files are not encrypted, stored in one place and are vulnerable to any manipulations. Moreover, a single centralized server can be hacked, leaving thousands of users without their private data.

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