The world is moving towards decentralized cloud storage that provides multiple user access

Earlier, many companies spent colossal amounts of money developing and installing software to improve their operations. They installed a physical infrastructure where they could store and manage data and software. After a certain point of time, organizations realized that storing things physically is not a good idea. Therefore, they moved to cloud computing to solve the merging problems. Today, the scenario has changed. From cloud computing, the world is moving towards decentralized cloud storage that provides multiple user access while also ensuring data security.

Decentralized cloud storage is becoming increasingly popular over years. People were not giving so much importance to cloud computing and its storage system 2 years ago. But the situation escalated when organizations were forced to work from remote locations. This made the companies think otherwise. Initially, it was cloud computing that reached a high level of adoption following lockdowns. Sooner, they were drawn by an even amazing feature called decentralized cloud storage. This kind of storage allows for cheaper, more secure, robust, private, and reliable features than those that centralized architectures can provide. While big companies and home names like Google, Dropbox, Apple, MEGA, etc. are busy providing centralized storage models, small players such as Internxt, Sia, Storj, Filecoin are busy unraveling decentralized cloud storage architecture. It also represents a promising opportunity for a different cloud market, meeting the supply-demand for IT resources of an extensive community of users. The dynamic and independent nature of the cloud infrastructure defines its data security build-up which could support the economic benefits.

Decentralized cloud storage and its functions

In a normal cloud storage method, all company and employee information are gathered and stored in large data centers, which often falls victim to downtime and outages when the facilities go offline. But decentralized cloud storage is free of these hurdles. Here, companies get to experience a large, distributed network comprised of thousands of nodes across the globe that are independently owned and operated which store data on the organizations' behalf.

You might wonder if it is the right time to move from centralized storage to a decentralized one. Yes, it is. Centralized providers like Amazon S3 store company data in a data center. If a part of the working system goes down, the organization won't be able to access any of the data. But they can still wait for some time to mitigate the issue. However, ever since remote working came to implementation, companies had no other option but to move their working system to decentralized cloud storage. Besides gathering data in a single place, it also protects a large amount of data from hackers. In a decentralized cloud storage platform, end-to-end encryption is standard on every file, and all of them are encrypted providing a standard form of data security. Tardigrade is the world's first-ever decentralized cloud storage service. It is more secure, performant, affordable, and private. Some of the recent improvements on decentralized cloud are listed below.

• In November 2020, Filecoin has announced that its network has achieved one Exabyte (1 billion gigabytes) of worldwide storage capacity.
• Storj Labs has recently introduced multiple new integrations to its Tardigradeservice, including Velero, a VMware service for data recovery and migration for Kubernetes environments.
• SINOVATE is developing its own in-house blockchain technology known as Deterministic Infinity Nodes (DIN) to create a new consensus system with security levels never seen before.

Advantages of decentralized cloud storage

Easy file transfer across vast distances: As decentralized cloud storage houses data in a decentralized manner, it makes the platform ideal for transferring data all around the world. Your data will always be available to you, wherever you are, because the information is split and stored on 80 different nodes, and only 30 pieces are needed to reconstitute your data.

A good place for private data: Decentralized cloud storage is a better place to store sensitive data that attracts ransomware attacks or other attempts to comprise or censor data. A highly distributed network of storage nodes reduces attack surface and risk on critical data like client-side encryption, industry-leading access management controls, etc.

Can be quickly downloaded with blockchain: The beauty of decentralized cloud storage is that data is spread across many nodes and it provides extensive data security. Unfortunately, that is also a pain point here. Configuring and setting up a new mining node can take a while and downloading data takes anywhere between 12 hours to one day. But some cloud storage providers leverage the facility to disperse data across many storage nodes in parallel, making the process quick.