From February 18 to 19, 2023, CESS co-founder and COO Jessie participated in the closed-door sharing session of Malaysia Web3 Club as a guest speaker at the invitation of Dr. Cao, President of the ASEAN Blockchain Industry Association. Web3 Club is a well-known membership community in the local Web3 field, attracting all types of entrepreneurs and entrepreneurs to join. In this sharing process, Jessie shared with enterprises how the Cumulus Encrypted Storage System (CESS) decentralized storage network empowers enterprises, and how enterprises can smoothly transform from traditional industries while using CESS decentralized cloud storage services. Technology transformation enters Web3.
Friends who were unable to attend the event can read this article to experience the wonderful exchanges and collisions between CESS and Malaysian entrepreneurs.
The necessity of decentralized cloud storage
In the existing cloud storage market, based on whether it is centralized or not, centralized cloud storage has already developed into a red ocean market, showing an obvious head effect overall. Several major cloud storage providers have divided up the market share, and the overall market size is fixed and The accessible space is narrow; decentralized cloud storage relies on blockchain technology to provide the underlying support for the infrastructure for the advent of Web3 in the Internet era. CoinGecko pointed out that decentralized storage capacity has grown exponentially in the past 2 years. The development potential and market growth of decentralized cloud storage will become increasingly obvious, and it is bound to become one of the inevitable development trends.
Decentralized cloud storage directly addresses the pain points of Web2 cloud storage
Centralized cloud storage faces issues of data security, data privacy, data sovereignty and data sustainability. An enterprise's data does not belong to the enterprise itself, and the security and stability of the data depend on the security and stability of the centralized cloud storage service provider. The advantage of decentralized storage based on blockchain technology is that data can be copied across multiple locations and accessed in multiple places, which reduces the security issues of hackers attacking through a single node and can effectively verify data rights and protect privacy. and gives businesses complete control over their data. The problems faced by centralized storage are the inevitable opportunities for decentralized storage.
Decentralized cloud storage protects data sovereignty and privacy
According to external reports, Meta, a company owned by Facebook, makes billions of dollars in profits every year from user data. Individual users/enterprise users cannot fully control their own data, let alone enjoy the value generated by their own data. Decentralized cloud storage returns personal data sovereignty through technology, allowing individual users to have ownership and control of their own data, which will bring fair and equitable value sharing to the Internet. Democratized data ownership will enable individuals to monetize their data and information, rather than being used as a profit motive by these large social media outlets.
In addition, Jessie also shared with the entrepreneurs present - how decentralized cloud storage can ensure immutability and trustlessness, achieve data integrity and durability, avoid single points of failure and enhance censorship resistance. Entrepreneurs attending the conference have a stronger desire for enterprise data sovereignty and data value than individual users.
CESS helps enterprises achieve a win-win situation
The entrepreneurs who attended the meeting that day are prosperous in their respective fields and are leaders in the industry. But they don't know much about Web3 and CESS. As co-founder of CESS, Jessie co-created CESS. In two sentences, she introduced who CESS is to the entrepreneurs present.
“CESS is a storage public chain”
CESS specializes in providing decentralized full-stack solutions for Web3 high-frequency dynamic data storage. It provides users with DeOSS and CESSdrive services, provides developers with smart contracts and development tools (API and SDK), and can support the decentralized storage needs of enterprise-level and phenomenon-level decentralized programs (dApps).
“CESS is also a data value network”
CESS supports the valuing of user data and the free circulation of data value (transaction/sharing). At the same time, it uses code to protect data privacy and return data to the data owner itself, and supports the development team for secondary development.
After understanding who CESS is, Jessie also clearly introduced to the entrepreneurs what services and help CESS can provide them:
- Enterprises use DeOSS, innovatively launched by CESS, to store various types of data and perform data backup to prevent hacker attacks and eliminate the hidden dangers of data leakage and loss.
- Enterprises can become CESS network cloud space providers or cloud agents. Enterprises have a profit model while using decentralized cloud storage services.
- CESS helps companies that want to enter Web3 to build dapps on the CESS network or use CESS's storage services and development tools, and jointly build the CESS and Web3 ecosystem.
Empowering enterprises starts with empowering an industry
As mentioned before, Web3 Club entrepreneurs come from all walks of life. After in-depth understanding of CESS, they have developed more profound business thinking and strategic vision - how can CESS promote the development of an industry/field?
DeOSS (Decentralized Object Storage) launched by CESS is a tool provided by the CESS decentralized cloud storage network that uses HTTP interfaces to store and retrieve unstructured data and metadata. DeOSS supports the needs of high-frequency dynamic data storage and is S3 in the field of decentralized storage. It can be said that DeOSS makes "decentralized cloud storage empower all walks of life" no longer a slogan, but truly solves the current technical pain points and realizes the decentralized storage needs of large businesses. The role of DeOSS can be seen from several industry cases cited by Jessie.
Internet of Things (IoT): Data Value and Privacy Protection in Life
There are countless application scenarios for the combination of CESS and IoT technology, such as smart homes, which are most commonly encountered in personal life. Through CESS, the data collected by smart home appliances is not only stored in a central server or cloud-based storage, but also stored on the blockchain. Blockchain will protect personal information more effectively and maintain the security of home IoT networks.
Web2 Internet Enterprise: Decentralized Storage of Massive Data
The data storage problems of traditional Internet companies are actually more obvious and need to be solved urgently. From a user's perspective, user data has been stolen and users cannot control their own data; from an enterprise's perspective, centralized cloud storage is costly and poses security risks, and unstructured data storage is not well adapted. CESS can provide the fastest, lowest cost, safe, reliable, programmable, and private decentralized cloud storage service. No matter it is any type of data, it can be stored and used according to the needs of the enterprise.
Web3 Hot Topic: Storage Support for Games and Metaverse
Game giants in Web2 have all explored and experimented with blockchain technology in the past year or two. On the basis of meeting their original storage needs, CESS can promote the transformation of the game industry and help the development of Web3 games and the metaverse. develop. CESS can provide decentralized transparency and strong immutability guarantee for Web3 games and metaverse, while also providing customizability. Game users can truly control all their data in the game. Traditional game service providers are no longer the core. A digital "eternal" game world will bring more possibilities to enterprises and users.
Finance and trade: store data and financialize transactions on this data
Finance is the first track to use blockchain technology to enter the mainstream market. I believe everyone has heard of DeFi decentralized finance. The decentralized cloud storage capabilities of CESS can not only help establish new decentralized financial products, financial instruments and even financial systems, but also enable the realization of value for these important financial data, truly promoting the birth of the data economy.
International logistics: real-time updating and sharing of logistics data, privacy rights management
The significant advantage of DeOSS pioneered by CESS is that it provides decentralized storage services with fast reading and writing, high security, scalability and privacy management for users with high-frequency dynamic data storage needs. This is very consistent with the data needs of Web3, and it is also very consistent with the needs of our logistics industry for real-time data update synchronization and shared management, and can help the logistics industry achieve decentralized logistics data storage.
Artificial Intelligence: The potential of AI+blockchain is unlimited
The recently popular ChatGPT (an artificial intelligence chatbot) has once again gained mainstream attention for artificial intelligence. Blockchain’s use of decentralized ledgers can provide insights into how AI systems work and the origins of the data these platforms may use, while the effectiveness of AI systems relies more on data being securely stored on the blockchain. Artificial intelligence and blockchain are innovative technologies, and their combined application has unlimited potential.
Web3 opportunities belong to every enterprise
Throughout the history of the development of the Industrial Revolution, the Industrial Revolution created the current development pattern of the world. Some countries and some enterprises have taken advantage of the situation to develop, catch up, enjoy the dividends of the times, and create countless successful cases.
The huge transformative power of blockchain has brought greater opportunities to entrepreneurs in various industries and industries in Asia. How to seize the technological transformation opportunities of blockchain technology, how to enter Web3 and enjoy the dividends of pioneers, These are all questions that entrepreneurs are thinking about. Decentralized storage is the most solid development cornerstone of Web3, and CESS is the cornerstone for enterprises to enter Web3. It is the first choice for all walks of life to enter Web3!