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From YouTube: Mo Siam (0Chain) - Web3 Cloud Storage
Description
Web3 allows for ownership of data and the monetization of that data. Mo walks you through the advent of decentralized storage as a powerful solution and the opportunities available for those looking to build with this technology.
A
A
So
before
you
know,
I
explained
our
solution
and
where
we
fit
into
the
whole
into
the
small
paradigm
and
how
decentralized
storage
actually
fit
with
web3,
maybe
looking
back
at
what
was
the
web,
but
early
90s
so
web.
If
you
look
at
web
one,
the
period
20
years
before
2000,
that
period
was
all
about
content
being
read
off
some
server.
A
It
can
be
a
home
server,
it
can
be
your
own
computer
and
then
it
was
just
html
consumption
of
these
websites
and
as
we
progressed,
then
we
got
into
web
2,
which
is
what
we
have
today,
which
is
a
read
and
write.
There
is
an
interaction
with
the
data.
It's
data
centric.
Let's
call
it
that
way
and
as
as
your
reading
and
writing
and
these
applications
are
being
developed.
A
The
reliability
of
the
servers
that
are
hosting
these
applications
or
hosting
this
data
became
paramount
and,
as
the
amount
of
data
grew
that
that
responsibility
on
the
service
provider,
whoever
providing
that
application
also
grew.
So
now
there
was
a
demand
for
reliability
and
what
we
have
today
is
these
cloud
storage
companies,
the
big
big
companies
offering
that
service,
and
there
is
a-
and
you
know
from
2006
you
can
say
the
new
cloud
store.
The
new
cloud
was
formed
as
as
that
grew
the
data.
A
The
the
economies
of
scale
started
playing
part
in
this,
so
the
data
got
siloed
with
these
cloud
providers
and
monetized,
and
you
know
in
ways
maybe
that
the
user
does
not
consent
to.
In
fact,
if
you
store
data
on
aws
or
google,
even
if
you
look
at
your
gmail
data,
you
technically,
if
you
look
at
the
terms
of
conditions
which
practically
no
one
bothers
reading
through
you,
don't
own
that
data.
A
So
even
though
whatever
is
there
is
owned,
for
example
by
google
in
the
example
gmail.
So
a
lot
of
data
breaches
started
happening
over
the
last
few
years
and
that
that
movement
snowballed
into
the
narrative.
Okay,
now
you're
monetizing
our
data
we're
the
product
we're
not
getting
any
any
kickback
even
from
you,
monetizing
our
data
like
youtube
or
facebook,
etc.
A
So
now
we
want
ownership
and
control
and
that
again,
that
movement
is
over
started
with
bitcoin
in
the
sense
that
they
want
sovereignty
of
their
money.
Now
they
want
ownership
and
control
on
the
data,
so
people
are
moving
to
to
claim
back
what
they
claim
back
some
sort
of
sovereignty
or
control
on
whatever
they're
transacting
or
or
generating.
So,
if
I'm
generating
the
data,
then
I
should
be
in
full
control,
and
you
know
you
should
ask
for
my
consent
same
thing
with
money
I
want
to
to
be.
A
I
want
to
be
the
custodian
of
my
money
instead
of
sitting
in
in
a
bank.
That's
a
bitcoin
movement,
for
example,
so
those
are
aligned
and
now,
as
as
smart
contracts
started
coming
up,
we
started
seeing
decentralized
applications
coming
up
around
2017,
and
I
remember
I
was
in
hong
kong.
I
think
at
that
time
and
people
were
building
all
kinds
of
applications
such
as
gaming
applications,
and
there
were
assets
in
these
games
that
are
technically
there.
A
But
you
know
you
you,
you
purchase
with
your
eth
or
whatever
is
a
new
wallet,
so
they
are
kind
of
a
blockchain
company,
but
the
assets
in
that
game
was
surprisingly,
you
know
still
on
on
aws
or
on
google.
So
the
database
of
the
user
information
and
your
you
know
progress
in
the
game.
Your
stats,
all
of
that
was
not
written
on
you
know,
was
still
sitting
in
aws.
If
someone
hacked
aws
account
of
that
company
that
was
providing
that
service
you've
lost,
basically
whatever
you've
earned
in
that
game.
A
Despite
that
you've
paid
for
it.
So
people
realized
people
realized
that,
and
then
we
had
nfts
come
in,
for
example.
So
now
we
have
a
new
form
of
user
generator
content
and
at
that
point
go
to
market
was
more
important
than
finding
a
solution
for
for
the
underlying
problem.
So
you
know
when
nfts
came
about.
It
was
a
good
progress
in
the
sense
that
it
created
a
market
and
now
that
the
consumer
demand
people
grew
and
the
people
were
worried
that
wait.
A
second
that
nft
is
stored.
A
Today
are
not
the
underlying
where
the
nfcs
are
being
stored
are
not
is
not
secure
and
people
can
potentially
lose
lose
millions
if
the
service
goes
down
so
where,
if
I
buy
an
ft
image
for
a
million
dollars
and
wherever
that
image
is
hosted
today
goes
down
tomorrow,
then
that
nft
is
worthless,
so
we're
back
where,
basically
now
we
have
centralized
services
underlying
this
and
saying
okay,
we
guarantee
you
that
this
nft
wouldn't
go
wouldn't
go
down.
Of
course,
that
is
as
good
as
as
long
as
whoever
is
promising
this
stays
in
business.
A
A
The
ipfs
protocol
basically
has
something
called
a
garbage
collection.
It
just
deletes
that
data.
So
if
your
nft
is
not
being
accessed
that
frequently
it's
gone,
unless
you
subscribe
to
a
pinning
service,
where
you
basically
say
okay-
and
you
just
keep
buying
it,
you
know
keep
don't
delete
that
that
image.
A
So
again,
now
you're
back
into
paid
service
and
trusting
the
underlying
service
provider,
then
other
decentralized
projects
started
building
incentive
layers
around
ipfs
and
basically
instant,
advising
who
was
ever
providing
the
pending
proof
to
keep
it,
but
the
user
doesn't
have
to
deal
with
it.
The
pinning
service
basically
is
paid
by
the
overlaying
protocol
and
it's
being
subsidized.
Now
that
was
one
solution,
and
then
we
had
other
solutions
come
up,
but
decentralized
storage.
A
Unfortunately,
right
now
is
not
web3
suitable
because
it's
all
around
catering
to
use
cases
as
in
what's
going
it's
reactive
to
what's
ever
in
the
market,
it's
not
built
to
as
a
holistic
overview,
as
you
know,
to
compete
with
the
web
2
providers
as
an
on
speed
on
you
know
on
on.
Possibly
there
is.
There
is
a
lot
of
progress
on
that
front,
but
on
speed,
you're
lacking
on
durability
of
the
data
on
the
availability
of
the
data,
you're
still
lagging
a
lot
of
the
storage
is
actually
right.
A
Now,
if
you
look
at
it,
it's
archival,
two
of
the
most
famous
ones
are
filecoin,
and
here
we
either
either
you
have
it
either
either.
You
have
to
be,
for
example,
for
a
true
file
and
use
problems
with
latency,
etc,
and
now
this
is
being
this.
Is
there
is
progress
on
that
front
or
with
are
we
and
you
pay
for?
A
Also
there's
a
niche
of
a
niche
actually
with
rv
you
pay
for
not
only
archival,
you
pay
for
permanency,
so
you
know
right
now,
as
we're
speaking
uploading
uploading,
one
one
gigabyte
of
data
to
we
cost.
I
believe
about
sorry:
one
terabyte
cost
you
about
eight
thousand
dollars
today
and
that's
permanent,
but
that
is
that
is
very,
very
expensive.
If
you,
you
know,
that's
about
100
years
paid
up
front
on
aws,
so
I
don't
think
you,
I
don't
think
an
application
developer
would
be.
A
You
know
unless
that
data
is
important
or
small
in
size,
the
it's
a
niche
of
a
nation,
so
decentralized
storage
still
has
ways
to
go
and
where,
where
we
come
in,
this
whole
picture
is
before
that.
Actually,
the
other
issue
is,
as
I
said,
it
is
archival
storage
that
we
have
and
there
is
no
solution
on
on
the
reading
site
on
the
consumption
site.
A
So
all
the
nodes
on
these
decentralized
storage
networks
are
actual
acting
is
our
heart
not
because
they
want
to
act,
because
the
reward
doesn't
make
sense,
because
if,
if,
if
they
read
the
data
as
a
not
as
I
think
sorry
as
I'm
being
consumed
frequently,
then
they
start
paying
for
bandwidth
costs.
And
you
know
there
is
no
incentive
from
the
networks
to
cover
those
bandwidth
costs
so
where
we
come
in,
as
we
said,
okay,
look.
We
want
to
be
on
the
enterprise
level
we
want,
we,
we
don't
want
to
dictate.
A
What
should
what
should
the
price
be
in
tokens
or
on
or
on
our
side?
We
want
to
create
a
market,
so
we
have
our
node
providers
or
storage
providers
competing
with
each
other
for
the
benefit
of
the
user,
so
that
is
very
different
than,
for
example,
aws
or
google,
where
basically,
if
you're,
not
a
very
large
data
provider,
you
have
no
negotiation
power
on
our
side.
A
You
do
have
a
negotiation
power
because
it
doesn't
matter
if
you
have
a
negotiation
power
or
not
because
the
side,
the
the
storage
providers,
are
competing
for
every
for
your
benefit,
so
they
they're
blind
to
the
size
of
data
that's
coming
in.
So
they
need
to
provide
what
you
know
relative
to
each
other.
The
best
pricing
they
could.
So
even
the
small
guy
gets
a
fair
price
for
in
comparison
to
the
you
know,
a
large
volume
data
provider,
so
we're
democratizing
the
price
in.
A
In
that
sense,
the
other
issue
is
sharing
with
data
right
now.
Decentralized
storage.
Is
you
know
if
I
want
a
share
of
data
share
data?
We
cannot
that
feature
does
not
exist
today.
So
we
do.
We
leverage
some
proxy
re-encryption
protocols
to
allow
sharing
the
data
so
that
the
end
user
is
having
this
thing
that
you
would
get
from
aws
or
google.
A
Well,
as
I
said
yes,
there
is
there
is
there
is
file
calendars.
Are
we
are
providing
decentralized
storage,
they
are
doing
it
more
on
the
archival
side,
where,
from
the
intra
side,
as
we
services
on
par
with
the
centralized
funds,
the
features
when
we
talk
about
features
it's
easy
to
talk
about
sharing,
for
example,
but
sharing
is
more
complex
than
it
sounds.
Unfortunately,
when
you
come
to
dealing
with
decentralized
protocols,.
A
Well,
I
can't
speak
about
what
we've
been
doing
recently,
so
what
we
we've
recently.
This
is
public
information.
What
we've
we
recently
partnered
with
huawei,
actually
huawei
singapore
and
they
realized
this
and
they
they
at
the
end
of
the
day,
their
infrastructure
as
an
infrastructure
provider.
They
saw
a
play
there
because
the
thing
is
with
these
alarms.
Also
they
are
they're
they're
selling,
they're
selling
you
cloud
time,
they're
selling
you
you
know
package.
A
Sometimes
you
might
be
in
the
department.
The
inner
departments
might
be
competing
with
themselves.
So,
for
example,
hawaii
said
to
us:
we
want
to
structure
right.
If,
if
you
guys
are
providing
that
platform,
we
don't
care.
Who
is
our
infrastructure
right,
so
they
are
coming
in
that
sense,
so
they
want.
They
want
to
see
how
it
progresses.
They
don't
want
to
miss
out.
They
do
have
startup
programs
to
accelerate.
A
You
know.
Once
relationships
are
involved,
they
want
to
accelerate
certain
projects
but
they're,
not
there.
They
move
slow
and
you
know
google
has
been
recently
hiring
a
lot
of
blockchain
engineers
on
that
front.
But
still,
what
I
think
would
end
up
happening
is
either
they
would
acquire
or
or
acquire
a
decentralized
company
that
that
is
functioning
on
file
point.
For
example,
you
can't
acquire
the
protocol,
you
can
acquire
a
company
that
has
have
built
something
on
these
protocols
right.
A
A
They
don't
want
to
do
that
because
they're,
so
it
has
to
be
what
I
believe
it
has
to
be
more
of
a
people's
movement
and
then
they
would
integrate
into
it
rather
than
them
leading
the
way.
I
think
the
people
here
would
lead
the
way
the
open
source
community
would
lead
the
way
rather
than
enterprises.
B
With
some
of
the
other
elements
of
web
3,
that's
actually
fine,
the
decentralized
file
space
just
seems
to
be,
you
know,
still
wide
open
and,
as
you
point
out,
float
to
be
adopted
for
lots
of
really
interesting
reasons,
and
so
I'm
just
wondering
if
there
was
something
missing
in
the
original
vision
or
it
was
just.
You
know,
early.
A
You
know
it's
20
years
in
this
case,
but
it
seems
there
is
every
20
years.
The
narrative
is
changing
and
a
new
technology
is
being
adopted.
So
I
wouldn't
say,
as
you
said,
ipves
came
2015,
maybe
early
in
this
decade.
I
think
we
would
see
you
know
web3
snowballing
and
the
decentralized
storage
snowblowing,
blowing
decentralized
storage
is
elem.
I
think,
is
very
important
to
web3,
because
at
the
end
of
the
day
the
ethos
of
web3
would
not
be
complete
without
actually
decentralizing
underlying
you
need
to
store
these
assets
somewhere
and
decentralized.