Blockchain Is Critical To The Future Of Data Storage -- Here's Why

Ordinary people can now rent out part of their unused hard drive space and earn money for doing so. The ability to leverage excess storage capacity has become a reality thanks to the incentives being offered by various companies that are seeking to expand their decentralized networks.

Considering that the cloud storage market is expected to grow to $88.91 billion by 2022, according to PR Newswire, the decentralized storage industry is rapidly turning into a hot space with huge demand, and blockchain will be critical to its success.

Let’s have a dive into how companies are attacking this problem. Distributed storage technologies fall under two categories: marketplaces or infrastructure.