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Bluzelle, a blockchain-based startup wants to use technology in the cloud storage space. Company CEO, Pavel Bains, says blockchain can introduce several enhancements to the current landscape of the database ecosystem.
Enhancing Database Ecosystem via Blockchain Technology
Speaking to the CNBC at the East Tech West Conference in Guangzhou, China, Bains declared that Bluzelle could become the Airbnb of the cloud storage industry. Blockchain technology holds the key to solving many of the pain points plaguing the industry.
Bluzelle allows users to rent out unused data storage capacity of their devices like computers, smartphones, video game consoles, etc. The project creates a decentralized network of such devices with free space up for rent.
For Bains, the company can offer a unique user experience different from what is obtainable on platforms like Amazon and Microsoft. Commenting on the project's potential, the Bluzelle CEO said:
So, you got massive computers around the home – mobile phones, PlayStations. All that has unused capacity. [All you have to do is] turn on your computer, download our software, and basically, you're renting out that excess storage space.
Improved Security
According to Bains, Bluzelle's decentralized network architecture offers improved scalability and security. With centralized platforms, data breaches are a reoccurring theme with the company CEO.
With the sheer volume of data on single networks, hackers remain incentivized to attack such massive data finds. However, with blockchain networks and data distributed across a decentralized network, there is a single point of failure.
Bains even goes on to declare that, if any, to a small portion of information. Such hacks would not be enough to compromise the safety of user data.
Data Control
Another critical aspect for the future as storage is concerned. Bains says Bluzelle provides a system that allows users to manage both data storage and data utilization.
The company is not the only player in the decentralized storage arena. Platforms like Storj and iExec are also making significant headways in utilizing blockchain technology for cloud storage services.
What do you think are the merits of blockchain technology adoption in the ecosystem database? Let us know your thoughts in the comment section below.
Image courtesy of ShutterStock.
