AIBC

EDFS launch a pioneering next generation of NFT and decentralized storage

Posted:: Aug 26, 2021 06:08 Category: Blockchain , Crypto , NFTs , Posted by Katy

This is the first protocol of its kind in the computer world, establishing a  standard for file security at the kernel layer of the file system

10th August 2021, Dubai: EDFS, launching today, is the new kid on the block in the blockchain world,  set to revolutionize the crypto space.

EDFS offers a secure way to own and share digital files and data. Everything from art, music, medical  files, legal documents and any variation of NFTs. Their mission is to connect blockchain to the real world.

EDFS stands for ‘Encrypted Decentralized File Storage’ and is the first protocol of its kind in the  computer world, establishing a standard for file security at the kernel layer of the file system. In the application of blockchain technology, EDFS is not only the next generation of NFT, but also an  important extension of decentralized storage.

This involves the creation of a brand new blockchain system for digital files in the real world, one  which not only protects on-chain data, but also provides encrypted storage and supports the full  lifecycle of digital files in all formats.

EDFS has been pioneered to address a huge problem that exists within the current IP scenario, where there is an inability to distribute creative and intellectual material without risk of loss. Any IP that  can be digitized, from artistic to legal and the scientific, is far easier to distribute, but it is also far  easier to be stolen or misused.

Any digital file format and the software system that utilizes it, runs on a specific operating system.  EDFS has pioneered the design and implementation of a ground-breaking Decentralized Real-time  Security File System (DSFS). This system combines the underlying kernel layer of an operating system  with blockchain technology, thereby introducing a secure collaboration of on-chain data and off chain encrypted digital files throughout their effective lifecycle, and covering all file formats.

By combining the DSFS with an Electronic Seal (ESeal), EDFS is able to achieve security in harmony with convenience, giving users the ability to balance sharing and privacy, openness and restriction.

EDFS isn’t restricted to creative and artistic fields, medical health data has always been a hot topic in  blockchain. With EDFS, users can upload their own medical and health data and share it when this is desirable or necessary.

Additionally, EDFS’s platform can be utilized to construct in-game economic models in videogaming  environments, including transactions of the game props. Game props could potentially be used  across games, but are ultimately owned and distributed in controlled fashion.

CEO Rico PangRico Pang, Co-Founder and CEO of EDFS said, “The launch of EDFS is a game changer in the world of digital IP.  Having a full life-cycle authority over digital assets is so important right now and this doesn’t exist in  the Crypto space.

“We originally conceptualized this technology to solve the issue of making NFT’s fungible, however,  it’s not only solving NFT issues, this technology is applicable to all digital files stored in an operating  system. This can be anything from a piece of art, music, medical records or a legal document.

Our technology is able to protect the file and give the rights to the owner to manage it, whether  they choose to sell, lease or simply give access.”

Pang added “For the first time in the Crypto space, you can now share, whilst more importantly,  protect your digital assets.

“You can now lease, share and sell for a value that your asset is truly worthy of and can no longer be  copied, which gives no value to the owner. This is about the user taking control of their own IP.

“This is bigger than just the tech industry. EDFS has created a solution for businesses, governments as  well as supporting the artist, the writer, the musician. We are connecting blockchain to the real world”.

Visit http://edfs.io/ for more information or follow EDFS on Telegram, LinkedIn, Facebook and  Twitter for the latest news @EDFS.

 

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