How Blockchain Data Storage Can Work for Enterprise Data Management

Data is booming, thanks to technologies ranging from IoT through to blockchain applications. Decentralised storage offers an excellent opportunity to manage the immense amounts of enterprise data collected by companies around the world. But why it's worth combining decentralised storage with blockchain and what benefits can blockchain data storage offer? Let's take a look.Enterprises have moved away from centralised, local data storage to instead make use of cloud providers for storage. Most cloud solutions still involve the storage of enterprise data in a single (or a few) locations, and these are managed by a single provider. Cloud facilities are outsourced, but essentially centralised. While decentralisation moves data storage into the next realm, many experts share the opinion that blockchain data storage can soon become a new standard."The way we treat data is likely to change massively", says Anatoliy Lytovchenko, Head of Software Engineering and Development Office at ELEKS. "People start realising that their personal data is a valuable asset: some want to trade it, some would prefer to keep it private.

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