The central bank issued a report focusing on “distributed”!


The central bank issued a report focusing on “distributed”!

Original Linden smart 9-6

The central bank issued a report focusing on

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Recently, the people’s Bank of China issued China’s financial stability report (2021) (hereinafter referred to as the report), which pointed out that “the national basic financial database has been put into operation and basically built an advanced and complete key infrastructure based on distributed architecture, big data and cloud computing technology and in line with the development direction of big data”!

The central bank issued a report focusing on


Policy values “distributed”

The report mentions the content of the national basic financial database, which means that “distributed” is highly recognized by the financial industry. In fact, not only in the financial field, “distributed” has attracted the attention of many industries, especially the distributed storage that can meet the needs of massive data storage, which has been mentioned by many key policies and applied to multiple data storage projects:

On November 6, 2020, the general office of the State Administration of radio and television issued the notice of the general office of the State Administration of radio and television on issuing a series of white papers on the application of blockchain technology, which pointed out that the blockchain adopts decentralized distributed data storage technology, which can realize data storage and synchronization on the nodes of the whole network, Through consensus technology, it ensures the effectiveness of internal nodes’ changes to stored content, maintains a complete searchable database, and can be applied to scenarios such as content verification of distribution nodes, device authentication management, etc;

On January 11, 2021, Zhejiang development and Reform Commission, Zhejiang Academy of Sciences, Zhejiang Academy of Social Sciences, Zhejiang University and other leading groups officially established the 2021-5g new infrastructure IPFs innovation research group;

On January 27, the blockchain distributed storage data center network of people’s data (national big data disaster recovery center) – People’s cloud network said that it would carry out independent research and development on the basis of IPFs, realize networking and form people’s cloud network by using internationally advanced and mature revolutionary technologies such as file fragmentation encryption, content addressing and distributed storage, which can help governments, enterprises Institutions and other service objects greatly save data storage costs;

The central bank issued a report focusing on

On April 17, the distributed storage research center of China Industrial Development Research Institute (IPFs), which is in charge of the national development and Reform Commission, was established to deeply study distributed storage, accelerate the establishment of industry system, and strengthen the application of distributed storage in Web3.0, such as technological innovation and scene implementation;

On April 24, the joint distributed storage Laboratory of Chinese Academy of Sciences (IPFs) was established in Dongguan, Guangdong Province. It will be committed to using the R & D achievements of distributed storage technology, promoting the implementation of transformation applications, formulating various standards in the field of distributed storage in China, and promoting the deep integration and development of China’s blockchain technology and real economy;

On May 24, the national development and Reform Commission, the Internet Information Office, the Ministry of industry and information technology and the Energy Administration issued a notice on printing and distributing the implementation plan of the computing hub of the collaborative innovation system of the national integrated big data center, which pointed out in the key tasks of the national hub node that it is necessary to increase the large-scale application of software and hardware products such as distributed computing and storage, Support and promote platform level original technologies in terms of distributed data operating system


Value of distributed storage

The central bank issued a report focusing on

Distributed storage has been recognized by many policies, which is closely related to its significance for digital economy and digital transformation.

At present, mining data value has become one of the driving sources of social progress. Developing digital economy is an important measure to promote national economic development. The opinions on building a more perfect system and mechanism for market-oriented allocation of factors published in April 2020 has identified the data as the “fifth factor of production” after land, labor, capital and technology. With the in-depth development of digital industrialization and industrial digitization, digital economy will effectively promote quality change, efficiency change and power change, and inject new momentum into high-quality development.

The advent of big data era and the development of digital economy are accompanied by the generation of massive data. Moreover, with the maturity of 5g technology, the amount of user data storage is further increased. According to the data, the total amount of data in China is growing at an average annual rate of 50%, which is expected to account for 27% of the world by 2025.

If you want to make good use of these data, you must first do a good job in data management and storage, which makes the demand for data storage surge. However, the traditional centralized storage space is limited, the expansion cost is high, and there are also problems such as low efficiency, insufficient security, lost web pages, data monopoly and so on. It is difficult to solve the problems caused by the storage and calculation of massive data. For example, according to the statistics of a third-party channel, less than 2% of the current data have been saved, and most of them have to be abandoned.

The central bank issued a report focusing on

Distributed storage has emerged. It stores data on multiple independent devices, and has the characteristics of decentralization, non tampering, traceability and transparency. Each node realizes the self verification, transmission and management of information, and can solve the problems of traditional data center attack risk, high cost and difficult expansion. It is the infrastructure carrying the data flood. IDC predicts that by 2023, about 40% of storage systems will be based on “distributed”.


Distributed storage and blockchain

Distributed storage can also be used in combination with blockchain technology when landing. The framework of blockchain is “distributed ledger”, which is a database that stores data in the form of continuous blocks, which can provide guarantee in terms of data security, data storage, data circulation, data sharing, etc. However, with the increasing amount of node data, the storage cost of blockchain increases, the execution efficiency decreases, and the capacity expansion is difficult, which can not meet the storage needs of massive data.

If the blockchain project wants to develop better, it must solve the underlying data storage problems. Distributed storage is the “bridge” between data and blockchain business, which can effectively make up for the lack of storage space of blockchain. Blockchain based distributed storage has advantages in reliability, availability, cost and data privacy. The combination of the two can better serve data storage and computing.

Taking IPFs distributed storage as an example, as a file storage and content distribution network protocol, it can cut files into several 256Kb fragments and store them randomly on each node. The efficient distributed storage of IPFs can undertake the advantages of blockchain in data storage, and greatly make up for the problems of low storage efficiency, high storage cost and difficult capacity expansion of blockchain, so as to better support the application of blockchain technology, and may become the infrastructure of blockchain in the future.

Specifically, blockchain distributed storage has the following advantages:
The central bank issued a report focusing on

1. Higher reliability – blockchain storage stores data on thousands of nodes, with huge space, and can effectively avoid the problem of single point of failure;

2. Higher availability – blockchain storage only needs to ensure that a certain proportion of nodes are normal, and the system service is available;

3. Lower storage cost – allocate the storage cost to the edge node, which is lower than building a centralized data center;

4. Higher privacy – the data stored in the blockchain is encrypted and has no plaintext data, so it is difficult for a third party to steal the data privacy.

In general, in the era of digital economy, with the rapid development of emerging technologies such as 5g, AI and big data, the amount of data increases rapidly. Facing the future massive and highly concurrent data storage and computing requirements, distributed storage has become an important development trend. The continuous attention at the policy level is an affirmation of the advantages and importance of distributed storage technology. It can be predicted that distributed storage, as an important cornerstone, will provide solid support for the in-depth development of digital industrialization and industrial digitization!