Cloud Storage | Blockchain is poised to revolutionize storage and ravage centralized competitors

in #blockchain6 years ago (edited)

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Stocks are rallying today, but the future outlook for revenues are drying up, and interest rates are rising so I say sell the rally.

In today's video I focus on the future outlook of revenue for Amazon, Google, and other centralized cloud storage providers, who are set to be overrun, and undermined by cost efficiencies and security advances provided by decentralized blockchain cloud storage projects operational today like SIA and Storj.

Sia in particular is a fraction of the cost of a centralized alternative, with increased security and is operational today.

Cloud Storage Cost Comparison: Decentralized vs. Centralized

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Data Source(s):

Centralization is Failing: Sell the Rallies!

As I outline in the video I own some SIA coin, but its NOT a big portion of my portfolio, and I own no Storj. Furthmore, this video content is NOT sponsored.

Having said that, I see real value in the utility of these examples of blockchain implementation and I anticipate the cloud storage sector being less of a boon on centralized market solutions. If I am correct, Amazon, Google, and Microsoft stocks will lose revenue, and stocks will reflect that moving forward.

If you are interested in learning more about decentralized cloud storage check out the linked articles from Tom Terado, and Luxor Tech on Medium that I found and enjoyed:

What is Decentralized Storage?

https://medium.com/bitfwd/what-is-decentralised-storage-ipfs-filecoin-sia-storj-swarm-5509e476995f
-Tom Terado, Medium

Sia - Decentralized Cloud Storage

https://medium.com/luxor/sia-decentralized-cloud-storage-7de576542497
-Luxor Tech, Medium

Conclusion:

As I have said before, the stock market is in a nine-year bull run, the bears will have their moment. Set greed aside and fight FOMO by investing in a hedge against fiat bubbles in the market by buying Silver, Gold, and Bitcoin.

Real money is scarce, fiat is hot air. Preserve your wealth with real money: physical silver, physical gold, and Bitcoin.

As always, thank you very much for your time and attention. Have an awesome day and God bless.

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