AI-enabled BNB Chain announces roadmap for decentralized data storage Greenfield

To improve the functionality of Greenfield

On the 12th, BNB Chain, a subsidiary of major crypto asset (virtual currency) exchange Binance, announced the roadmap for its decentralized data storage network Greenfield.

Earlier today, we shared exciting details about BNB Greenfield’s Roadmap

Here’s a quick recap of what to expect:

High-Performance Blockchain for Everyone
Simplified Development Experiences
Multi-Chain Platform https://t.co/8hqEQJYt8a pic.twitter.com/U0V2NpsWL8

— BNB Chain (@BNBCHAIN) December 13, 2023

The project aims to achieve high performance comparable to popular Web2 services, be more accessible and user-friendly, and be a multi-chain platform that facilitates decentralized applications (dApps) and cross-chain functionality. is the guideline.

Mainly, we will enable smart contracts in 2023, and in the first quarter of 2024 (January-March), we will improve the performance of storage providers (SPs) and the ability to automatically release memory areas that are no longer needed. That’s what I’m aiming for.

Additionally, from the second quarter (April-June) to the third quarter (July-September) of 2024, storage providers will increase download and upload speeds by five times. After that, we plan to make it possible to introduce artificial intelligence (AI) into Web3.

Greenfield launched in October as a decentralized alternative to traditional cloud services. Unlike centralized services, it gives users the ability to manage their data, reducing risks such as data breaches.

In addition to large-capacity data storage services, the company will also provide distributed hosting of AI datasets, data management solutions, and a content monetization ecosystem.

connection:BNB Chain launches decentralized data storage

To improve performance, Greenfield also plans to introduce a “bundling service” that efficiently groups files and enhances data processing. Additionally, account abstraction improves user convenience.

connection: Visa’s Ethereum experiment report explores trading capabilities through “account abstraction”

AI (artificial intelligence) and Web3

Additionally, new greenfield features will be designed to enable the implementation of AI (artificial intelligence) on the BNB Chain. For example, the following functions are listed:

• Large-scale data storage solutions for fast data access
• Ability to move processing of large datasets off-chain to increase efficiency
• Improved ease and cost efficiency of node management
• Simplify the process of exiting data storage

Both AI and Web3 are attracting attention as new technology fields, and there are various discussions about their fusion. For example, the crypto asset (virtual currency) exchange “CoinEx” released a report stating that “intelligent blockchain” and “intelligent dApps” will become possible by combining AI and Web3 technologies.

connection: The future of AI and Web3 as seen by CoinEx | What kind of transformation will the fusion of two cutting-edge technologies bring?

Furthermore, Yasutoshi Nishimura, Minister of Economy, Trade and Industry, spoke at WebX, a conference planned and operated by CoinPost Inc. in July, and said that social change has the potential to become a reality through the synergistic effects of AI and Web3.

connection: Minister of Economy, Trade and Industry Nishimura emphasizes the potential for social change through synergistic effects of AI and Web3 | WebX Conference

connection: Aster Watanabe and others discuss “World infrastructure being rewritten by Web3, AI, and the Metaverse” | WebX Report

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