Harm van den Brink, an expert in blockchain technology, cybersecurity, the Internet of Things (IoT) and electric vehicles, has developed a promising proof of concept (PoC). This involves LoRaWAN is Tangle, that is, the technology behind the IOTA cryptocurrency.
With his PoC, Brink added another dimension to the existing space of blockchain data storage. Blockchain data storage projects focus on peer-to-peer (P2P) networks, however, now Brink launches LoRaWAN dimension.
Cloud storage is now widely used. We store our data and files online using the services offered by cloud computing providers. This is convenient, however, there are disadvantages.
Even when our cloud data backups are encrypted, the encryption key is with the cloud provider. With the exponentially growing volume of our online data, hackers are increasingly turning to these cloud service providers.
The storage of blockchain data is now an increasingly important use case. With the decentralized network, it increases the security of our data. Hackers can not destroy our data simply by attacking a single central server.
Blockchain also uses cryptography and the modern consensus algorithm. This increases the security of our data because unauthorized parties can not access it. Storj is Both Network are two projects for storing emerging blockchain data that have made their name.
People with too much storage can rent their computers on these networks. We call them "farmers". Users with the need to store data upload their file. We call users' tenants.
The charterers encrypt their files and keep the encryption key with themselves. Typically, the blockchain data storage solution breaks the file into pieces and stores each piece on many nodes on the network. Farmers keep only the individual pieces, so they can not recreate the whole file.
When the tenant requests the data again, the system collects the pieces from the various farmers. Combine these pieces and recreate the original file. Renters use their cryptographic key to decrypt. Smart contracts regulate transactions between landlords and farmers. Typically, these blockchain data storage solutions use their cryptographic tokens to compensate farmers.
Of course, these projects are new. We must wait and see their impact on the market before we can announce the verdict on their success. Blockchain data storage projects must provide the user community with some key questions.
For example, would all farmers keep their computers available online with renter data based on terms and conditions? How can smart contracts control their compliance? How do blockchain data storage solutions address the scalability problems that blockchain networks already face? Will these projects be sufficiently feasible, considering that important public blockchain networks have transaction costs?
Understandably, innovators are working overtime to answer these questions. One of these is to use the Tangle technology, which is the foundation on which the IOTA cryptocurrency works. Tangle uses the technology & # 39; Directed Acyclic Graph & # 39; (DAG), which is very different from the blockchain networks like Bitcoin is Ethereum.
Tangle it has no blocks, moreover, there is no crypto mining. These improvements improve the scalability and transaction throughput. Tangle he has no transaction fees, which makes it IOTA eminently suitable for the IoT. After all, IoT's greatest success will involve secure communications between smart and connected devices, including many micro-payment transactions. TangleSecurity, scalability and the elimination of transaction fees are important factors for IOTAs the adoption in the IoT space.
Oyster protocol is a new project offering the blockchain data storage solution using Tangle. Users can upload their files and the system will store them on IOTA Tangle. The project also guarantees redundancy, the nodes perform their own "Proof of Work" (POW) consent algorithm to ensure data retention.
The project uses the Pearl token (PRL), which is anchored to the market value of storage prices, and farmers are compensated using it. Renters do not have to provide personal information and get the encryption key. This project also uses Ethereum's smart contracts to protect tenants' identities.
Brink's PoC further pushes the envelope! Brink used the low-power called "Wide Area Network" (WAN) protocol LoRaWAN. This protocol connects wireless devices to the Internet wirelessly. The connection can be on regional, national or global networks. LoRaWAN helps meet core IoT requirements such as two-way communication, end-to-end security, etc.
Brink used & # 39;The Things Network& # 39;, ie the platform to create IoT apps with LoRaWAN, like the back-end. Its PoC involves sending a message using it LoRaWAN and & # 39;The Things Network& # 39 ;, Also, used MQTT to receive the message.
Remember that Oyster protocol does it have its own farmers who execute their localized POW consent algorithm to ensure that data is stored on Tangle? Well, Brink uses the POW-as-a-Service platform (PoWaaS) powsrv for this, in his PoC. Finally, the data is stored on Tangle.
Brink led not only an extraordinary PoC in terms of the technology stack, but also achieved a good transaction speed. He described his PoC here. We need to wait and see how this interesting PoC changes the promising blockchain data storage scenario.
Pic Ref – Medium
Anujit has over two decades of experience in the IT industry, spanning software development, project management and consulting areas, and has added significant value to the activities of the customers it has supported. Outside of working hours, Anujit is passionate about history and sport.