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Analysis of Decentralized Storage on Blockchain

16:45 - 17:15 (GMT+02:00)
10 November 2021
Keynote
Add to calendar 11/10/2021 16:45 11/10/2021 17:15 Europe/Bucharest Analysis of Decentralized Storage on Blockchain - GoTech World 2021: Revive. Rise. Accelerate the future We will compare the benefits provided in terms of security, scalability and costs, and how organizations such as Netflix, Box, Dropbox can benefit from leveraging these technologies.

Speakers:
Tejas Chopra, Senior Software Engineer @Netflix, Inc.

Click here to view more details about this session.
Virtual hello@myconnector.ro aKyOfPFEVzRHclXpWmTW75232

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Blockchain has revolutionized decentralized finance, and with smart-contracts has enabled the world of Non-Fungible Tokens, set to revolutionize industries such as art, collectibles and gaming. Blockchains, at the very core, are distributed chained hashes. They can be leveraged to store information in a decentralized, secure, encrypted, durable and available format. However, some of the challenges in Blockchain stem from the bloat of storage. Since each participating node will keep a copy of the entire chain, the same data gets replicated on each node, and even a 5MB file stored on the chain can exhaust systems. Several techniques have been used by different implementations to allow Blockchains for distributed storage of data. The advantages compared to cloud storage would be the decentralized nature of storage, the security provided by encrypting content, and the costs. In this session, we will discuss how different blockchain implementations such as Storj, InterPlanetary File System, YottaChain, and ILCOIN have solved the problem of storing data on the chain, but avoiding bloat. Most of these solutions store the data off-chain and store the transactions metadata on the blockchain itself. IPFS & Storj for example, uses content-addressing to uniquely identify each file in a global namespace connecting all the computing devices. The incoming file is encrypted, and split into smaller chunks, and each participating node will store a chunk with zero-knowledge of the other chunks. ILCOIN relies on RIFT protocol to enable two level blockchains, one for the standard blocks, and the other for the mini-blocks that comprise the transactions and which are not mined, but generated by the system. Yottachain uses deduplication after encrypting content, which is not generally the way data storage is designed for cloud, to reduce the footprint of data on the chain. We will discuss the tradeoffs of these solutions and how they aim to disrupt cloud storage. We will compare the benefits provided in terms of security, scalability and costs, and how organizations such as Netflix, Box, Dropbox can benefit from leveraging these technologies.

Tejas Chopra
Tejas Chopra
Senior Software Engineer
Netflix, Inc.
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Tejas Chopra is a Senior Software Engineer, working in the Data Storage Platform team at Netflix, where he is responsible for architecting storage solutions to support Netflix Studios and Netflix Streaming Platform. Prior to Netflix, Tejas was working on designing and implementing the storage infrastructure at Box, Inc. to support a cloud content management platform that scales to petabytes of storage & millions of users. Tejas has worked on distributed file systems & backend architectures, both in on-premise and cloud environments as part of several startups in his career. Tejas is an International Keynote Speaker and periodically conducts seminars on Micro services, NFTs, Software Development & Cloud Computing and has a Masters Degree in Electrical & Computer Engineering from Carnegie Mellon University, with a specialization in Computer Systems.



Tejas Chopra' sessions:

16:45 - 17:15 (GMT)
Nov 10, 2021
Keynote
Add to calendar 11/10/2021 16:45 11/10/2021 17:15 Analysis of Decentralized Storage on Blockchain - GoTech World 2021: Revive. Rise. Accelerate the future We will compare the benefits provided in terms of security, scalability and costs, and how organizations such as Netflix, Box, Dropbox can benefit from leveraging these technologies.

Speakers:
Tejas Chopra, Senior Software Engineer @Netflix, Inc.

Click here to view more details about this session.
Virtual hello@myconnector.ro aKyOfPFEVzRHclXpWmTW75232

Analysis of Decentralized Storage on Blockchain

We will compare the benefits provided in terms of security, scalability and costs, and how organizations such as Netflix, Box, Dropbox can benefit from leveraging these technologies.


10:45 - 11:00 (GMT+02:00)
10 November 2021
Keynote
11:00 - 11:30 (GMT+02:00)
10 November 2021
Keynote
11:30 - 12:00 (GMT+02:00)
10 November 2021
Keynote
12:00 - 12:30 (GMT+02:00)
10 November 2021
Keynote
12:30 - 13:15 (GMT+02:00)
10 November 2021
Networking Break
13:15 - 13:45 (GMT+02:00)
10 November 2021
Keynote
13:45 - 14:15 (GMT+02:00)
10 November 2021
Keynote
14:15 - 14:30 (GMT+02:00)
10 November 2021
Keynote
14:30 - 15:00 (GMT+02:00)
10 November 2021
Keynote
15:00 - 15:30 (GMT+02:00)
10 November 2021
Keynote
15:30 - 16:15 (GMT+02:00)
10 November 2021
Networking Break
16:15 - 16:45 (GMT+02:00)
10 November 2021
Keynote
Watching
Analysis of Decentralized Storage on Blockchain
16:45 - 17:15 (GMT+02:00)
10 November 2021
Keynote