Application of Blockchain and Distributed Storage Technology

Abstract

With the rapid development of Internet technology, enterprise-level storage and cloud storage have become the standard tools for enterprises to meet their computing and storage needs. Due to the defects of traditional decentralized data storage system, blockchain and distributed storage technology has been widely applied to the modern enterprises. Blockchain storage refers to a decentralized storage system built with blockchain incentives, which is an effective combination of blockchain and storage system. There are many achievements and various breakthroughs in this field and both theoretical and applied research have developed rapidly. This paper discussed the research progress on blockchain and distributed storage technology. In addition, the advantages of blockchain storage technology were also discussed. Blockchain storage can effectively avoid the negative impact of a single point of failure. It can improve availability by distributing the load to nodes around the world. Last but not least, the applications for blockchain and distributed storage technology such as data storage, money transfers, and financial exchanges were discussed. The current knowledge, and perspectives of blockchain and distributed storage technology in modern enterprises could provide a good reference for the future research.