The Australian Cardiology Research Institute Victor Chang has decided to use the Filecoin blockchain to store a significant amount of its research data.
The medical institute has more than 230 researchers and 23 laboratories, so the amount of data generated is quite large. For their storage, the management of the organization chose the Filecoin project – a decentralized storage allows you to securely store research and have access to it from anywhere in the world.
Currently, the amount of data hosted by the institute in Filecoin is about 137 TB. The Distributed Storage Solutions (DSS) service was chosen to store information – one of the largest data storage services based on Filecoin.
The transition to Filecoin began in September 2022, and public data began migrating in November 2022, according to Institute CIO Todd Ryman. One of the main incentives for data migration was cost savings – traditional cloud providers required a lot of money, especially when restoring any data.
“Filecoin’s decentralized architecture improves data redundancy and durability, reducing the risk of data loss due to hardware failures or other local incidents. The use of blockchain guarantees the integrity of the data, which makes the project suitable for preserving valuable research results,” said Ryman.
It is worth recalling that the Filecoin blockchain itself does not store data – the hash of data is stored in blocks, which allows access to data stored by storage providers. Currently, the Filecoin network stores about 1.5 exabytes of data (1.7 billion TB).
In May of this year, the SEC declared that the Filecoin native coin (FIL) has the characteristics of a security.
