Leading peer-to-peer file storage protocol Filecoin (FIL) is partnering with smart contract platform Solana (SOL) to develop blockchain-based decentralized storage solutions.
In a new X thread, the team behind Filecoin said that integration with Solana is a “significant” move away from over-reliance on centralized storage solutions and will greatly enhance the Ethereum rival’s reliability and scalability by advancing the concept of decentralized storage.
Solana Integrates Filecoin On Its Blockchain To Advance Decentralized Storage Systems
Solana’s decision to utilize Filecoin for block history storage can be viewed as a strategy to make its blockchain more accessible and usable to various users, including infrastructure providers, explorers, and indexers, who require access to historical on-chain data.
By leveraging Filecoin’s robust decentralized storage capabilities, the so-called “fastest blockchain” aims to achieve data redundancy, scalability, and enhanced security while staying true to its “decentralized ethos”.
The collaboration underscores the potential of blockchain networks to create more resilient ecosystems that benefit both users and developers by shifting from centralized storage solutions, which are often seen as vulnerable and censorship-oriented.
In a separate tweet, Solana founder Antly Yakovenko thanked Triton One, a remote procedure call (RPC) service, for playing a major role in making the partnership possible.
RPC is a technique for constructing distributed, client-server-based applications. It involves one computer program requesting a service from a program located in another computer operating on a separate network.
The Partnership Is A Collaborative Effort To Address Some Pressing Issues Faced by Blockchains
The partnership is not just a technical integration of both decentralized protocols but a testament to the collaborative efforts within the blockchain industry to address some of the most pressing issues that distributed systems face today.
Filecoin, often described as the “Airbnb for files”, is a decentralized storage service aimed at safeguarding crucial data. Unlike traditional data storage systems, Filecoin offers users a more secure, resilient, and cost-effective storage option by democratizing data and allowing a wide range of businesses to participate in the data economy.
The integration with Solana is part of Filecoin’s broader plans to expand its footprint in the blockchain space. The decentralized file storage network has already established key partnerships with industry giants like Google Cloud.
Early last year, Filecoin announced a stack of new services intended as a decentralized alternative to Google Cloud, Microsoft’s Azure, and Amazon Web Services (AWS).
The stack includes access to data storage, a data storage market, deal management tools, client management tools, dataset processing tools, and other tools that allow users to upload and retrieve data. Additionally, the new service stack includes tools with functions called Filecoin Web Infrastructure (FWI).
The decentralized platform already offers customers data storage options and allows them to earn FIL tokens for providing cloud storage.
Filecoin’s creators Protocol Labs are also behind the InterPlanetary File System (IPFS), which is a protocol focused on creating a decentralized, global network for storing and sharing files.
It aims to improve the efficiency and resilience of traditional web protocols by allowing files to be stored in multiple locations. This mechanism makes the network and the files stored within it resistant to censorship while remaining available to the end-user even if some nodes happen to go offline.
At the time of writing, Filecoin (FIL) is trading at $6.47 – up 1.6% in the last 24 hours. Meanwhile, Solana (SOL) is changing hands at $111.58 – up 1.9% from the previous trading day.
