DataBloc: The Enterprise-ready Data Storage and permission-sharing Ecosystem.

carliyke (49)in #data • 6 years ago (edited)

Introduction

Data has become one of the most priced asset owned by any business if not the most price according. With recent global data statistics indicating over half the data storage capacity being purchased to be dormant and unused in most cases. Mimicking the decentralization advantages been brought about by blockchain technology to create a network of shared data resources on the cloud. DataBloc uses a decentralized data centralization mechanism in semblance with the distribution center been utilized by leading IT company, Amazon. By means of an 8th generation technology DataBloc would be able to overcome the aforementioned challenges and provide a 24-hour data available to its client with a reduced latency, higher bandwidth, faster speed and much more computing power. As his can be achieved even while in the remotest of locations ana at a reduced cost.

Through the partnership with a leading data software servicing agent such as StoneFly and the embedding of an underlying blockchain solution, permits the DataBloc ecosystem to be able to provide enterprise-quality data accessibility, encryption, optimization, and security to the vast network of data consumers. Data storage and service providers from around the globe can tap into the DataBloc ecosystem by simply downloading the StoneFusion software.
The StoneFusion platform ships in with a User-friendly interface that allows these third-party agents (enterprise-ready data service providers) to sell excess and unused data storage and services over the web.

The Data Market Explosion

The world of technology is steadily advancing with a record-breaking 50 thousand app downloads, with over 200 million electronic-mails being generated as well as hundreds of hours of media files being streamed on the internet within the span of 60 seconds everyday. Aside from the obvious which is security, another important aspect of data storage and management protocols that data consumers are most worried about is how readily available their data can be at all times. As it is believed that any data service provider who can provide its clients with an interrupted access to their data even in the most remote locations are considered to be top-notch.

With this software DataBloc aims to tap into the ever growing (growing at a rate of 30% per annum since 2010) market of enterprise data storage which is estimated to hit an all-time high of over $89 billion by 2022 as well as the cloud technology industry which has an estimated $300 billion in annual expenditure and projected to peak to $411 billion by 2020. The emergence of the internet of things and as a result of technological advancements would bring about this explosion of big data. However the question of how to house this burgeoning data begins to raise so many dusts in recent times. Giving rise to a two-tier question: The question of whether that ecosystem will be built on a centralized or decentralized universe.

Current Market Challenge

According to statistics, 2017 we a year of turmoil for most small scale data service vendors in the United States as 75% of them witnessed an exacerbated loss during periods of data outages. Most data centers today are prone to power outages and/other outages making data unavailable at such point in time. A power outage of a day could amount to millions of dollars in loss. Since established business enterprises requires such features such as computing power, storage space, latency, bandwidth, and speed in high amount, they have long being exploited by the limited capabilities that cloud technology alone can being about. In light of this, the speed with which these service providers operate upon, based on how data is being retrieved is also of paramount importance to these business ventures. As an optimal download rate is required by enterprises who engage with data centers no matters the size of the data hence the need for a distributed and localized data center stationed in outlying locations to better serve such customers that are nearby no matter the download requirements that these clients desire to sign up for.

The emergence of the internet of things and as a result of technological advancements would bring about this explosion of big data. However the question of how to house this burgeoning data begins to raise so many dusts in recent times. Giving rise to a two-tier question: The question of whether that ecosystem would be designed in semblance to the existing centralized systems or whether it would be built upon a nascent decentralized ecosystem.

In light of this, the speed with which these service providers operate upon based on how data is being retrieved is also of paramount importance. Most data centers today are prone to power outages and/other outages making data unavailable at that point in time. A power outage of a day could amount to millions of dollars in loss. Since established business enterprises requires such features such as computing power, storage space, latency, bandwidth, and speed in high amount, they have long being exploited by the limited capabilities that cloud technology alone can being about.

What is DataBloc?

DataBloc is the first enterprise grade sharing economy for data storage and services. The DataBloc platform is a web platform that seamlessly and securely connects service providers and enterprise customers. The DataBloc software, also known as StoneFusion, will be a 9th generation blockchain solution developed by StoneFly, a well-established data services company based in Silicon Valley. The software supports various data services and storage types, and offers enterprise-quality data optimization, availability, accessibility, security, and protection.

Service providers download StoneFusion and list their available services on the DataBloc web platform. Enterprise and public customers enter their storage needs and which data services they require. Customers then select accommodating providers from a curated list and purchase services directly on the web platform. DataBloc is the first solution where enterprise-quality service providers can download a software that allows them to sell excess data storage and services over the internet, without customer acquisition costs—all within a secure blockchain framework.

The DataBloc Solution

As an enterprise-ready data sharing and storage platform, the Data block platform is built upon an underlying blockchain technology and as such it is designed to handle large data storage. This technology makes it possible for the Databloc ecosystem to support a wide range of data services and storage types, as well as offers enterprise-quality data optimization, availability, accessibility, security, and protection.
The platform is web-based such that it allows for Enterprise and public customers to register their storage specifications and the kind of data services they require. Once logged into the system, Customers are granted the opportunity to choose from a pool of service providers from a curated lost on the platform.