The Utility of Decentralized File Storage With Filecoin and IPFS
Infrastructure plays are picking up steam in the crypto market. Is there a need for decentralized file storage? That's exactly what Protocol Labs is building.
Episode 8 of the BCR podcast brings Stefaan Vervaet from Protocol Labs. Protocol Labs is building decentralized internet infrastructure through two different independent (but related) projects; the InterPlanetary File System, or IPFS, and the Filecoin (FIL-USD) decentralized storage protocol.
Topics we covered during the podcast include but are not limited to:
why decentralized storage is necessary compared to more popular centralized businesses
what kind of applications stand to benefit from using decentralized storage
data monetization at the individual level
how does the user engage with a protocol like IPFS?
growth through application developers vs individual users
token incentive for participants and for Protocol Labs
how to deal with theoretical criminal behavior
This was a fun discussion and I hope you guys enjoy it. Remember, you can get access to the full downloadable version of every BCR podcast episode by subscribing to my Seeking Alpha research service BlockChain Reaction.
The views and opinions expressed in the following podcast are those of myself and my guest. None of this is investment advice or a solicitation for you to buy any financial instrument. I am not a licensed investment advisor. This content is for information purposes only. This episode was recorded on February 22nd, 2023