10 tips for blockchain-based data providers seeking to scale
Each year, the amount of data generated across the globe is growing exponentially. From the explosion in the use of digital tools in the workplace to the ever-growing use of Internet of Things devices, social media, online gaming, e-commerce and other digital platforms, each day sees the creation of a massive amount of data that needs to be stored securely and efficiently.
Blockchain technology provides a decentralized, immutable, secure solution, making it an ideal option for multiple industries. But first, blockchain-based data providers need to prove they can scale to meet the exploding demand. By leveraging smart partnerships and building new solutions that are compatible with what’s already in the market (and familiar), the blockchain industry can lead the way in addressing an issue in genuine need of a solution. Below, 10 members of Cointelegraph Innovation Circle share tips to help blockchain-based data providers scale to meet the ever-growing demands of the broader data storage space.
As blockchain-based data providers navigate the expanding demand for data storage, a key strategy lies in fostering collaboration. By forming purposeful partnerships and leveraging decentralized networks, we can collectively scale our capabilities and address the evolving needs of the broader data storage space. – Vinita Rathi, Systango
Develop standards and protocols that enable seamless integration with existing data storage systems. This strategy can ultimately attract a wider network of clients. Developing these integrations rather than starting from scratch allows for the existing infrastructure to remain intact while repurposing its use, essentially giving it an update to allow for more client traction. – Anthony Georgiades,
Read more on cointelegraph.com
