According to Lucky Uwakwe, it is too risky for the world to depend mainly on a few centralized platforms like Amazon and Google. decentralized web3 cloudstorage
Hackers would have a more challenging time accessing large amounts of data, so they can seldom go down. This also means that no single government or institution can interfere with the blockchain, as long as other servers are running the database outside their jurisdiction.
They take advantage of unused hard drive space from devices all across the world to establish a data storage marketplace that is more dependable and less expensive than traditional cloud storage providers. They encrypt and distribute all files across a decentralized network. This means every uploader of files own their keys and own their data. No outside company or third party can access or control one’s files.
BCN: In your pitch, you also introduce the concept of earning as you store. Can briefly explain what this entails and why this is necessary?Centralized solutions like Microsoft Azure, Google Cloud, Amazon Web Service, iCloud, Dropbox etc. only comes with the incentive of storing users’ data and at a price considered to be cheap enough.
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