DataBloc software, also known as StoneFusion, will be the 9th generation blockchain

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Databloc is a blockchain based platform that stands firmly in protecting world data with the latest software platforms known as stone fusion

Databloc and Service Providers

The DataBloc network will be accessible through a web platform where service providers meet the requirements to register their data services. Service providers will range from data centers to companies with in-house data service facilities. Service providers will join networks to improve their product offerings, grow their customer base, and reduce their customer acquisition costs. The company will join the network to increase security and get additional passive income in inactive data storage capacity. Corporate and retail customers buy this data service with a subscription-based model.

Databloc Web Platform

The web platform will allow customers to filter service providers with criteria including, but not limited to, costs, capacity, services, redundancy and location. The web platform will then produce a list of qualified service providers. Customers will review the list, choose a service provider, and checkout. For service providers who want to use DataBloc software but only host data from certain customers, they will have the option to apply private mode. In private mode, the only customers who can view and select service providers include customers invited by service providers. For example, if a large police department builds on-premise solutions that are safe for data storage, it is likely to have excess storage capacity. The police department will first implement DataBloc software to improve their data security.

Databloc Software Platform

DataBloc software, also known as StoneFusion, will be the 9th generation blockchain solution developed by StoneFly, a well-established data service company based in Silicon Valley. StoneFly has invested around 40 million USD into this product and has more than 16 full-time software engineers working on development. This software supports a variety of data services and types of storage, and offers data optimization, availability, accessibility, encryption, and company-quality security. DataBloc is transitioning StoneFusion to the permitted blockchain based on Ethereum, which allows the use of tokens that facilitate efficient economic sharing. In contrast to a fully decentralized arrangement, users will know and trust the nodes they choose to buy data services. Compared to older standards, StoneFusion's storage network operating system architecture uses a more optimal metadata storage system. StoneFusion uses elastic hashing algorithms that are stored on the blockchain to maintain consistency of metadata across all nodes in the permission-based cluster. The deterministic hash is stored on the blockchain which can be added by any known node in the shared cluster. Anyone who has full knowledge of the latest chain can find which server stores certain files at any time using the path and hash file. This is a more efficient system, because direct client connections are possible without maintaining the metadata server in the loop. This reduces file uploads and downloads to a single round trip connection with low overhead. This elastic hash-based system does not work well in a fully decentralized environment, because it requires relatively high uptime and host consistency. Elastic hashing allows seamless node node failures even at the block level as well as seamless integration of additional nodes.

Beyond Now

Because industries that rely on data continue to progress, the data service market will grow in size and importance. Perhaps the next most significant paradigm shift involves the launch of a 5G wireless broadband connection. With 5G, data transmission can exceed 20 Gbps, allowing a significant bandwidth increase from mobile devices. Ernst and Young, in collaboration with the Confederation of Indian Industries, showed that increasing broadband connectivity had a multiplier effect on the digital data industry, resulting in an industry of $ 1 trillion. In the 5G world, cellphones can act as monitors, and not as full components, internal hard drive devices.

Market Trends

The data storage industry itself is huge, with the storage market the company is on track to generate more than $ 89 billion in revenue by 2022 with growth rates above 30% every year. Around the same time, the public cloud market was projected to reach $ 300 billion in annual expenditure. Because the amount of data continues to grow, the sectors associated with data storage will become more valuable. For example, disaster recovery as a service is expected to grow from $ 2.19 billion in 2017 to $ 12.5 billion by 2022. Similarly, the hyper-converging infrastructure market is estimated to reach $ 12.6 billion by 2022 with a combined annual growth rate (CAGR) of 43.59%. Furthermore, the data colocation market is expected to reach $ 63 billion in the next five years.

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#data #stone #stonefusion #stonefly

For more information about Databloc, please visit the link below:

Situs web: https://databloc.io/
Whitepaper: https://databloc.io/DataBloc-White-Paper.pdf
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