Blockchain storage stores data in a decentralized network that uses idle, hard disc space from people worldwide. The decentralized architecture is a viable alternative to centralized cloud storage and can address many issues that plague centralized systems. The purpose of a blockchain is to allow the recording and distributing of digital information to all participants but never editing. One can use a blockchain to store a variety of data (election votes, product inventories, state identifications, home deeds, and so on); Bitcoin only uses it to create a transparent log of payments.
What Kind of Data Can Blockchain Store?
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SoluLab is a market-leading digital & technological solution provider with the upper hand in Blockchain, AI / ML, IoT, Data Science, and Digital Transformation. Proudly recognized as the number one global enterprise blockchain development company, we have a prominent team of developers & designers displaying extensive experience in their domains. Our UI/UX team is qualified to come out with pixel perfection in each project. The company is co-founded and mentored by the well-seasoned duo in the tech-business landscape, ex-vice president of Goldman Sachs and principal solution architect of Citrix, with over 30 years of software industry experience.