Technology has advanced over the years with different products and currently the newest of its products that have captured in the minds of several people is the blockchain technology.
The blockchain technology is the backbone of all cryptocurrencies. It is upon this knowledge that all digital currencies have been developed. The blockchain technology has certain features that make it become appreciated by organizations and online platforms. Transparency and security are the hallmark of this great invention by Satoshi Nakomoto. It is with this features that makes it very secured and comfortable to work with. The blockchain ledger system makes it very reliable and safe platform to keep records of transactions and other investments.
‘’Bitcoin is fundamentally different because with bitcoin you don’t owe anyone anything and no one owes you anything. It is not a system based on that. It is a system based on ownership and no one can censor it, no one can seize it, no one can freeze it’’ by Andreas Antonopoulos. Bitcoin system is built in such a way that solution to data ownership will be enhanced.
In this world of economic hardship, many people have identified ways and means of securing their personal data. This is due to the fact that they have confidential details that needs to be kept safe but it is rather unfortunate that these days, data storage has been a challenging factor faced by human.
CONCEPT OF OWNERSHIP
Do your thing. Do it unapologetically. Don't be discouraged by criticism. You probably already know what they're going to say. Pay no mind to the fear of failure. It's far more valuable than success. Take ownership, take chances, and have fun. And no matter what, don't ever stop doing your thing By Asher Roth.
The right one has to own or possess, use and organize assets in line with what the law demands gives a brief analogy of what ownership is. No one acquires properties through the application of physical force and war if legal ownership is certain and this goes a long way to establish social orders. The global society considers ownership as the foundation of most of the human activities. Most people exaggerate that the function of property is to define property and wealth. Do you believe that is the only function? It goes beyond that in the sense that it provides some fundamental social stability and social order.
When we consider this new era of computer world, the definition of ownership has been a query. Ownership of data could be clearly comprehended when we consider the framework of property ownership. These include getting the right data and summon the profits that were generated from the data. A person has control over data when he or she can delete, change or put a question to that particular data. Note that it is only those who own data are the people who data belongs to. You can never own a data that does not belong to you.
Cloud storage, a simplified and modified cloud computing model where we keep data, access and distribute to others to have access should be given the necessary attention when it comes to data storage. Private cloud and Public cloud are types of cloud storage.
Public cloud is concerned with data subcontracting to trusted centralized providers. For instance, DropBox and Google Drive.
Private cloud is concerned with the connection of a storage system which connects devices that are closer. It is well noted that private clouds enjoy higher levels privacy and security prior to public clouds.
BENEFITS OF CLOUD STORAGE
Users of cloud storage are able to store data from its point of onset. Users can keep data for a number of years without being lost.
Cloud storage also prides a very low monthly fee and ease of use. The charge on cloud storage is at a very minimal rate relative to the others.
PROBLEMS ASSOCIATED WITH CLOUD DATA STORAGE
The issue of non- payment of bills which may lead to data loss.
Increase in the fee of storage relative to the increase in storage requirement. Most people will like to store very high capacity of data and in such a cases, the charge for storage becomes significantly higher.
The Centralized providers are susceptible to hackers. Not long ago, Google Drive was hacked and my personal document and everything was taken leading to a secondary hack of my ethereum wallet account.
Challenge in setting up the system for data storage.
Risk for device failure which may lead to data loss.
SOLUTIONS
The Ubbey network enables ownership exchange of digital physical assets in a friendly manner. It becomes very easy for an asset to be transferred from one Internet Protocol to another once an asset has been registered on the Ubbey Network.
Ubbey box ensures the provision of large storage space of about one terabyte or two terabytes.
Ubbey box seeks to it that files have backups where data can be retrieved or accessed anywhere and at anytime.
Universal Labs collaborates with blockchain digital ID service providers and create a universal blockchain ID system to support the numerous transactions by owners.
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Author: Rastafarian
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