Bethel: Using decentralized storage, databases, and applications to revolutionize data management
In the rapidly changing world of digital transformation, data has become the most precious resource for people and companies alike. The need for effective, safe, and affordable data storage solutions has skyrocketed due to the sheer increase in data output and consumption. Despite being widely used, traditional centralized storage systems have a number of drawbacks, including as single points of failure, susceptibility to hackers, a lack of privacy, and ever rising costs.
With its fundamental qualities of immutability, transparency, and decentralization, blockchain technology presents a possible answer to these problems. Blockchain improves data security and privacy by dispersing data throughout a network of nodes instead of centralizing it. This guarantees availability of data even in the event that some network nodes fail.
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