Even the most passionate blockchain enthusiast probably understands by now that blockchain technology isn’t a magic wand to solve every problem. However, the technology still holds great potential in a lot of areas, and cloud storage services are one of the most prominent.
Both consumers and businesses have become heavily dependent on cloud storage providers. As we are storing more and more data on our devices, we want this data to be safely stored, as well as instantly and constantly accessible.
The cloud storage industry is set for another growth spurt, but there are several big opportunities based on the inefficiencies of the current market dynamics.
Decentralized platforms have the potential to give a serious upgrade to the cloud storage industry in terms of security and privacy. But the most interesting aspects are the serious decrease in cost, and the ability for anyone with idle storage capacity to make an income.
In this article, we take a look at the cloud storage…