The world is shifting entirely from physical to digital. Many of the aspects of our life are moving to screens and new technologies are appearing to solve the challenges arising from digitalization. One of the most promising is without a doubt, blockchain technology. It is the technology enabling cryptocurrencies (among other things,) which allows everyone to participate more directly in the exchange of value. Applications using cryptocurrencies promise to bring alternatives to popular services we all use, but designed with decentralization, privacy, censorship resistance and inclusion in mind. We often call them decentralised applications (dApps). Yet, many dApps depend on centralized systems. This is not a coincidence. We don’t yet have all the pieces needed to create a truly decentralized & unstoppable Internet of Value. One of those missing pieces is storage.
Any useful application will at some point need to store and retrieve data. In the past, we used to save most of it on our computers and phones locally. Later, we started to move towards cloud storage. This fits well with the client-server architecture of the applications, but brought new risks and challenges:
At RIF, we are building a suite of open and decentralized infrastructure protocols. Our goal is to enable faster, easier and scalable development of dApps. The RIF Storage is one of these protocols bringing a decentralized storage solution.
As a developer, you can utilize RIF Storage to securely serve your dApp without the need to have a server. Thanks to integration with the RIF Identity Protocol, your users can access the dApp through an easy-to-remember web-like address. When you develop a new version, you can upload it to the network and map it to your dApp’s address.
As a user, you can have inner peace knowing that the content you create in a dApp is encrypted and stored in the RIF Storage network, minimizing the chance of being abused or becoming unavailable. You can even use the RIF Storage yourself as a cloud, synchronize your data among other computers, or share it with friends and family members with minimal effort and likely at a fraction of the cost. As an individual or a company, you can earn money by providing your unused storage to the network. Anyone can participate, and thanks to RIF Payments integration, be rewarded for every chunk of data served with minimal fees.
Clearly, we are excited to bring you the RIF Storage and we can’t wait to see and support you in bringing new, exciting use cases to the masses.