As an enterprise that makes Chinese people feel extremely proud, Huawei has surpassed in the 5G technology sector. With its strong technical advantages and absolute strength in hardware, Huawei has won the affirmative initiative in the 5G industry at one stroke. Huawei has always been a strategically advanced company, and President Ren is an outstanding entrepreneur with a very high vision. As early as overseas chip enterprises were able to supply chips with good quality and low price, Huawei began to develop spare chips. Huawei developed its own reserved operating system before Google showed any signs of restricting the use of Android. So why does Huawei participate in IPFS? What is the future trend of ipfs distributed storage? Next, let's have a look.

Why does Huawei participate in IPFS?

Huawei's investment in IPFS must be due to the prospect of IPFS technology! As a new generation of Internet underlying protocol, IPFS provides decentralized storage services, compared with traditional Internet protocols. In contrast, IPFS has the advantages of security, high efficiency, fast speed and low cost. Therefore, IPFS is expected to replace HTTP as the new Internet overlord in the future.

First, the market pain point. When Filecoin is mentioned, it is necessary to mention ipfs. The emergence of ipfs aims to make the existing Internet more secure and open quickly, and even replace the existing Internet network based on the http protocol to become the underlying protocol of the next generation of Internet. What problems does ipfs solve? It needs to start with the http technology. It has been more than 30 years since the development of http. Although the technology of http is very mature, it also has some disadvantages. The cost of http data storage is expensive, the risk of information leakage is increased, and the storage of http is relatively inefficient. In this rapidly developing network, with the rise of large network operators, data storage has become gradually centralized and centralized.

Most of the network storage data is stored by several large server vendors currently operating. If these large servers are attacked, the network operation will be interrupted. Filecoin, as the incentive layer of ipfs, uses the incentive method to encourage users to contribute their idle storage resources. Of course, only Filecoin can provide storage data for these fields. The Fire Thunder Divine Calculation IPFS mining machine can improve data storage security, maintain user privacy, and play a role in efficient transmission and right confirmation.

Second, look at the track. As of 2017, the global cloud storage market has reached 14.724 billion dollars, and China's market share has continued to rise. In 2019, Alibaba's cloud computing business revenue reached 5.2 billion dollars, a 64% year-on-year increase. The growth trend is rapid. Filecoin is one of the hottest projects in the distributed storage industry. Filecoin set up a project in 2017 to build a decentralized storage market on ipfs based on the Token incentive model, In the favor of large investment institutions, the amount raised at that time reached 257 million dollars, becoming one of the largest icus in blockchain history. Filecoin raised 257 million dollars, with a total market value of 2.57 billion dollars, accounting for only 0.1% of the overall encryption market. However, once Filecoin is commercially successful, it will have 10 to 100 times the growth space. In the future, there is a great chance that the top ten or even the top five will enter the encryption asset market.

Third, it is estimated that the current price of Filecoin lies in the network's pre pledge system. When the calculation rate of miners increases, they need to buy a large amount of pledged currency to pledge, which supports the current currency price. Until the calculation rate of miners increases to a certain height, when they no longer need a large amount of pledged currency, the currency price will fluctuate. At this time, the currency price must find a new fulcrum, and the commercial location is one of the correct directions. As the leader of the distributed storage runway, Filecoin is also the underlying infrastructure of the blockchain industry. Ethereum strategy creates a complementary relationship, rather than a competitive relationship. In essence, the blockchain is to ensure the security and transparency of data, which cannot be tampered with, and so on. However, due to the limited block size, there is no way to store huge commercial data. Filecoin is undoubtedly a big boost to promote the commercial implementation in the blockchain field. Therefore, in the future, in addition to the traditional cloud storage market, many blockchain ecological applications may also be migrated to the Filecoin storage network.

Fourth, the team has a broad industry prospect and landing estimates. Next, it depends on the team and its strength. Filecoi originated from (Protocol Labs), that is, the protocol laboratory. The core team comes from Stanford University, MIT, Harvard and other famous universities and Google ibm. The investment team behind Oracle and other global technology enterprises with nearly 100 talents is also very luxurious, including Sequoia Capital, Stanford University Foundation, etc., which has become an energy that can not be ignored in promoting the future development of ipfs/Filecoin.

What is the future trend of ipfs distributed storage?

IPFS is a distributed storage system that enables enterprises to store and transfer files safely, efficiently and reliably. The most important thing is that it has low storage costs and bandwidth costs. One of the expectations for IPFS is to "make human data persistent", which may be more critical than you initially thought.

In the commercial era, the society is changing with each passing day. It is not guaranteed that the company or brand where you store data will still be there 50 or 30 years later, or once the company loses its commercial value, it may also abandon a virtual brand (such as QQ space), and the information retained by users will be lost. With IPFS distributed storage technology, it can fundamentally change this.

The non tamper feature enables information and data to be stored securely in IPFS, which is difficult to be tampered with or deleted by malicious people. Global multi node distributed backup (even to other planets in the future) makes it almost impossible to lose the information stored in IPFS. These new features of IPFS promote the essential leap forward of human storage tools.

Speaking of this, I believe you have a certain understanding of why Huawei participates in IPFS and the future trend of IPFS distributed storage. In general, distributed storage is the technology most likely to keep human information close to immortality, while IPFS is the distributed storage technology with global consensus, the best team technology, the most sound ecological construction, and the best implementation. Making human data permanent is not just a slogan. Let's hope that IPFS will become a permanent database for human beings and build core underlying modules for human development.