What is decentralised storage?
Corporate data can be stored in one of three ways: on premises (the company’s in-house computer network), in the cloud (with service providers such as Amazon AWS, Google Cloud, or Microsoft Azure), or in decentralised storage (or “DS”) which uses distributed ledger technology to spread the data across a network of computers, rather than have it maintained by a single entity. DS has several potential advantages over both cloud storage and on-premises storage solutions. Some of these include:
- Security: In contrast with cloud providers, which are subject to centralised control and a single point of failure, DS is typically more secure than traditional centralised storage solutions, as the data is not stored in a single, vulnerable location. Instead, it is distributed across a network of computers, making it more resistant to hacking and other forms of cyber-attacks.