Flowcoin, a new track for flow data storage

Flowcoin is a distributed flow storage ecosystem based on the underlying IPFS framework, which aims to use blockchain technology to improve the redundant and miscellaneous drawbacks of traditional flow data storage. The market value of fission flow data storage will linearly increase the development space of the industry and create a faster, more convenient, safe, efficient and low-cost flow data storage market.

 

At present, Flowcoin has signed a long-term cooperative development strategy agreement with State Grid of China to provide a more correct development channel for China's flow data storage market. Zhengang Zhou, assistant vice president of IDC's China Enterprise Research Department, pointed out that in order to effectively deal with the data explosion, software-defined, intelligent, and multi-cloud data flow will become the mainstay of storage. There is no doubt that distributed storage is the future.

 

Advantages and benefits of distributed data storage

 

The market research organization IDC defines distributed storage as software-defined storage. Since 2016, the market research organization IDC has been tracking the development of the distributed storage market and has witnessed its rapid growth. IDC released the "China Software Defined Storage (SDS) and Hyper-Converged Storage (HCI) System Market Quarterly Tracking Report, the fourth quarter of 2018" shows that in 2018, the software-defined storage market reached a year-on-year growth of 54.9% , The size of the hyper-converged market grew even more year-on-year, reaching 88.2%. At present, the share of software-defined storage and hyper-converged systems in China's overall storage market has steadily increased, reaching 22.1% and 17.0% of the market respectively. From the perspective of supplier performance, Huawei has been recognized in the government, radio and television, and telecommunications industries for its file solutions, and ranked first in China's software-defined market in 2018.

 

Software-defined storage is easy to expand and manage. Its low cost, high hardware flexibility, and fast integration are very important for enterprises undergoing digital transformation, and are increasingly favored by users in different industries. A new era of storage has arrived.

The rapid development of distributed storage benefits from two major "dividends."

 

1. Dividends of cloud native applications. The emergence of cloud computing has accelerated the "Internet +" process of enterprises. Traditional corporate customers represented by the financial industry have taken the Internet express train and launched a wide range of online applications. Taking banks as an example, a dazzling array of telephone banking, credit card services, and online banking have become the "new normal" of financial consumption. For another example, in the power industry, the emergence of a large number of emerging applications based on the Internet and cloud computing has directly led to the replacement of traditional storage by distributed storage. It is particularly worth mentioning that in China, the video cloud is developing at an unprecedented speed and has penetrated into the fourth and sixth tier markets. The processing of massive unstructured data relies on the efficiency and flexibility of distributed storage.

 

2. The dividend of continuous evolution and optimization of storage hardware. The new generation of storage media represented by flash memory gradually cannibalize the traditional storage market, and the further integration of the three forms of storage of files, blocks, and objects makes distributed storage closer to the needs of enterprise users.

 

The distributed storage system adopts an expandable system structure, uses multiple storage servers to share the storage load, and uses location servers to locate storage information, which not only improves the reliability, availability, and access efficiency of the system, but is also easy to expand. Thanks to its inherent advantages, including low total cost of ownership, flexible expansion capabilities, linear growth performance, unified resource pool management, etc., distributed storage has become an effective way to handle unstructured and semi-structured data. Sharp weapon. IDC believes that software-defined storage systems have been widely recognized by global corporate users and have been gradually applied to large-scale data application scenarios.

 

IDC's China Enterprise Research Assistant Vice President Zhou Zhengang predicted that from 2017 to 2022, the average growth rate of the global software-defined storage market will be 14.7%, while the average growth rate of the Chinese software-defined storage market will be 32.5%. Some analysts optimistically predict that in the next three years, in the Chinese market, software-defined storage will occupy half of the entire storage market.

 

At present, 8 super nodes in the Chinese market of Flowcoin have joined the ecological construction of Flowcoin. In addition, Flowcoin has established large-scale computer rooms in Guangzhou and Guilin. I believe that in the days to come, Flowcoin will accelerate the market development of flow data storage with the rapid advancement of technology, leading a new channel for flow data storage.