Binance's blockchain platform BNB Chain has recently expressed interest in developing a storage infrastructure based on Web3, called BNB Greenfield. According to the white paper he shared through his Twitter account, it will be part of BNB Chain's distributed storage infrastructure, giving consumers and Dapp good control of his data.

Binance's BNB franchise stores release Greenfield

Elite group development teams from Amazon Web Services, NodeReal and Blockdaemon are supporting the test network of the planned Web3 infrastructure, which is led by the management team of the BNB chain project. BNB Greenfield is now being developed for the Internet, a distributed system with intelligent contract interfaces for Web3 applications. The development of this program will improve the use of BNB, which on the contrary will contribute to the need for tokens.

According to the official website white paper, BNB Greenfield is described as:

BNB Greenfield's ecosystem is a trinity of physical lines that coordinate their work and provide a creative distributed storage of data-all of which are user-oriented.

Victor Genin, BNB Chain's most senior processing solution architect, revealed the development of a new thematic goal for the rights and effects of data while exploring the motivation behind the upcoming plan. BNB Greenfield also creates "utility and financial opportunities" for stored data and creates programmability for access to data, he added.

He said:

Read more information:Smano's new optimization algorithm Sablecoin DJed faces the same fate as Luna's UST, the king of Terra?

Practical Application example of BNB Greenfield

On BNB Greenfield, users with BNB tokens and BN chain addresses can use Web2 cloud storage services such as Dropbox to store data. In addition to this role, the white paper also describes the probability of differences in BNB Greenfield, such as personal cloud storage, hosting and deployment of portals, a new social networking approach, storage of GB data from BNB Chain, and L2 inductive transactions.

In addition, the system will use irreplaceable tokens, or NFT, in conjunction with smart contracts to manage who has the data and who has the right to load the data. The storage metadata will be stored on the platform in a BNB chain, while the data will be stored by a third-party storage service provider.

As a result of this announcement, the price of BNB has increased to nearly $310 at the time of writing. And, according to market tracking data for login password sales released by CoinGape, this led to an increase of 0.54 per cent in the previous hour and 2.45 per cent in the past seven times.