Industry Deep Dive: Decentralized Storage System
Storage and the Internet
‘Data is the New Oil.’ Data, just like oil, in its raw state may seem useless. However, refined Oil is a valuable resource. Data like oil also needs to be stored. In this report, we are going to focus on the storage of data.
Initially, the Internet only consisted of read-only functions. Webpages were there to share information with anyone with access. Websites like MySpace were popular during this period. This era of the internet is called the Static Web Era.
After that came the Social web, which consists of your favorite Social media sites. The social web era gave the user control to create and read information. Users post text, photos, or videos to those following them to increase interaction with other people.