They uploaded the city’s open data on demographics, air quality, and legal notices to test Filecoin’s distributed network’s security.
Filecoin copies open data from New York City and host it on its site to test its service.
Indeed, for five years, the Foundation will provide free network storage for city data on demographics, air pollution, and legal notices.
Filecoin Foundation for NYC
The Filecoin Foundation is a non-profit organization that promotes the decentralized web, sometimes known as dWeb or Web3.
People store online data mostly on public servers rather than private servers owned by Amazon, Google, and Microsoft.
To better serve New Yorkers, outgoing NYC CTO John Paul Farmer stated in an email. This includes uncovering efficiency, strengthening governmental resilience, and preserving data, all of which the Filecoin Foundation’s decentralized web test addresses.
Besides, Estuary created this open-source software allowing public data to be posted to the Filecoin network and accessed anywhere.
Filecoin Foundation and Protocol Labs collected and kept the data.
However, the foundation announced the project on Dec. 16, which came about late for the year.
He says that using open data as a starting point allowed the collaboration to evolve quickly.
He added that the test run does not force users of NYC Open Data to change their behavior. It copies and retains data on the decentralized web, allowing the City to A/B test key variables like cost. As a result, New York City may learn more about how the decentralized web can aid day-to-day operations.
It compares two versions of something (in this example, storage systems) to find which works best.
According to Protocol Labs policy leader and foundation chair Marta Belcher, data from NYC Open Data are cumulative.
Also, Estuary, Filecoin, and the InterPlanetary File System, a peer-to-peer network, can access the data.
Filecoin’s Edge Over Other P2P Networks
Furthermore, the NYC Open Data datasets on the Filecoin network are cumulative, according to Marta Belcher, head of policy at Protocol Labs and foundation chairwoman.
In addition, she went on to remark that the project provides a new, more secure, and more reliable approach to store these critical datasets. Filecoin’s purpose is to store humanity’s most vital data.
In fact, greater security and stability are among the advantages of using the decentralized web, according to Belcher, who cited big outages like the one Amazon Web Services had on Dec. 8, which brought most of the internet to a halt.
Moreover, Filecoin secures data via encryption and blockchain, and it has nodes all across the world, according to Belcher, reducing the danger of downtime.
According to the foundation, storing data on the Filecoin network costs 0.02 percent of keeping the same data on Amazon S3. More than 3,500 storage providers use the network to supply storage totaling more than 13 exibytes, or 1 million terabytes.