Worldwide cloud data storage is increasing at a dizzying pace. Some of today’s most valuable companies are getting rich off of their high margin cloud computing units such as Amazon’s AWS, Microsoft’s Azure, and Google Cloud. Protocol Labs IPFS which allows cryptographic hashing and the scaling of level 2 blockchain protocols, along with the dApps that sit on top of them, are likely to grow exponentially over the next decade. Additionally, users from around the globe will look to and for a Web3 cloud storage solution that can safely, cheaply, and reliably store their data. FileCoin and IPFS are likely to be the go to solution for Web3 data storage and retrieval going forward thanks to the many early adopters who use FileCoin and to the opensource platform that allows developers to integrate applications and innovate with the protocol.
The solution, called the Choice SDK, makes it easy for app publishers to transform their existing apps based on GMS and Firebase frameworks into HMS usable applications. This significantly saves developers cost and time in app development, provides a decisive head start in adaptation and ultimately enables their apps to run on Huawei devices with significantly reduced development effort.
Open source refers to a computer program in which the source code is available to the general public for use or modification.
The open-source movement first started in the USA, but all the big tech companies in China have also extensively relied on open-source technology to quickly expand and evolve their own technology. It’s free, transparent and flexible enough to be modified to meet any company’s special requirements.
Distributed ledger technology (a.k.a. blockchain) is catalyzing a long-term shift of trust in distributed business environments worldwide. Chained data blocks make assets traceable, cryptography enables trusted ownership, and consensus algorithms realize distributed business consistency.
In the past six months, I have comprehensively researched blockchain adoption in China. My key finding: Strategic investments in digital transformation by the government, enterprises, and vendors have propelled China’s blockchain adoption ahead of other regions.