Who in the blockchain world will dislodge Amazon from the \u21161 spot in cloud storage?Photo by Markus Spiske on UnsplashAbout your author: CryptoQuestion is an independent platform providing free resources for cryptocurrency investors. From an on-demand Q&A service to online courses, from books to our weekly Moonshot Monday podcast. Visit us at www.cryptoquestion.techThe cloud computing market is worth $371 billion. Amazon Web Services (AWS) has 31% of a market growing by 18% per annum. Ripe for disruption you may think. But by who, surely Amazon are the disrupters?The answer is blockchain file storage services or decentralized file storage as it is technically known.When the idea was first pitched by blockchain advocates, who suggested that blockchain could improve pretty much anything from file storage to social media, from transportation to insurance, excitement was in the air. One of the areas that held the most potential was data storage. There seemed a real opportunity to disrupt the disruptors.Let\u2019s look at why this was possible and the unique opportunity this represents.How Amazon Web Services (AWS) worksAWS is a secure cloud services platform offering computing power, database storage, and content delivery to help businesses scale and grow. In basic terms, it allows you to do the following:Run web and application servers in the cloud to host dynamic websitesSecurely store all your files on the cloud so you can access them from anywhereHow much does it cost to store data?The average cost of storing a single TB of file data is $3,351 a year. That cost potentially skyrockets because of supporting technologies. File sharing services we rely on for on-the-go access are costing companies an average of $450 per user. However, the commentators still consider this a substantial saving compared to the previous alternative (i.e.the cost of purchasing and maintaining your own servers, IT manager\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Who in the blockchain world will dislodge Amazon from the \u21161 spot in cloud storage?Photo by Markus Spiske on UnsplashAbout your author: CryptoQuestion is an independent [...]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/posts\/4340"}],"collection":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/comments?post=4340"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/posts\/4340\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/media?parent=4340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/categories?post=4340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/tags?post=4340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}