Decentralized storage: Tailwinds and open questions

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Speaking to Storj about its new model made me inquisitive about decentralized storage. On the one hand, there are components that would assist enhance its adoption. On the opposite, it additionally appears at odds with different traits, resembling sovereign clouds. Right here’s what I discovered. — Anna

Slashing cloud payments

The amount of information generated by companies appears to be ever-increasing, however issues about cloud prices are rising, too.

Earlier this month, we discovered that AWS’ year-on-year income development dropped into the mid-teens in January as clients sought to scale back their spending. “As we glance forward, we count on these optimization efforts will proceed to be a headwind to AWS development in a minimum of the subsequent couple of quarters,” Amazon CFO Brian Olsavsky stated through the firm’s earnings name.

Whereas this preoccupation reignited the naked metallic debate, it additionally creates tailwinds for an additional choice: decentralized storage. Represented by gamers resembling Arweave, Filecoin, Internxt, Sia and Storj, it gives a less expensive various to hyperscalers.