Sia

Feb 24, 2023 | Blockchain, Projects

The decentralized storage solution

Sia – The decentralized storage solution

 

Problem

  • Centralization is one of the biggest issues with the modern day internet. 
  • Regular users are affected by large corporations who see an opportunity to profit by selling user data to third parties.

Solution

  • Sia is a secure cloud storage platform that solves these issues through a decentralized alternative to regular storage providers.

Value Proposition

  • Unlike traditional cloud storage, with Sia you truly own your data: no third party can access your files or prevent you from accessing them.

Underlaying Magic

    • By distributing file segments through nodes across the globe, eliminating any single point of failure and achieving throughput that no centralized provider can compete with.

    Business Model

    • The system operates on a peer-to-peer model through the proof of work concept, which gives users cloud space for a lower fee than most centralized solutions.