DataVAULT

Revolutionizing the way individuals and organizations store and share data

Problem Statement

Current online storage solutions face several challenges related to centralized control, data security, trust, and cost. These limitations impact users' ability to securely store and access their data and maintain data privacy. Additionally, concerns arise regarding the reliability, transparency, and scalability of existing storage platforms.

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We are proposing an alternative storage solution, DataVAULT that addresses these pain points and leverages the benefits of blockchain technology. DataVAULT provides decentralized control, enhanced security, transparent auditability, data privacy and ownership, trust, and collaboration capabilities. By solving these challenges, DataVAULT aims to revolutionize the way individuals and organizations store and share data, empowering them with greater control, security, and accessibility while fostering a trusted and efficient storage ecosystem.

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Market

• Data is the most growing sector due to advancement in Computing especially AI and IoT. The total amount of data created, captured, copied, and consumed globally is forecast to increase rapidly, reaching 180 zettabytes in 2025 and yottabytes in 2030.

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• According to various reports, the global cloud storage market was valued at over $49 billion in 2020 and is projected to reach over $700 billion by 2030.

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• Data Market cap is projected to grow at a CAGR of 17.8% from 2023-2030.

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• The potential market for online data storage is huge, including institutions, governments, private companies, individuals and more.

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More team Research;

https://drive.google.com/drive/folders/1W8DWKaH6HoUkGaDbCfbVSqt-DnnAInbW?usp=sharing

Solution

DataVAULT Web Application

• The platform allows users to store their data online with security and privacy ensured.
• The users can access their data seamlessly.
• The platform enable data sharing for users especially in organisation

DataVAULT

Our Application linked to Metamask connected to hyperspace network

FVM Configuration network file.

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Technical aspects

DataVault uses the advantages tha filecoin and filecoin virtual machine (FVM ) provides to provide users with the on-chain decentralized application on which they can trust and smoothly store their data, and be assured to retrieve them any time anywhere.

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REQUIREMENTS :

1. having the wallet ( web3 wallet ) mostly which supports EVM compatible networks to run on them.
2. Having the wallet to be connected to the “filecoin-hyperspace- testnet” (for now)
3. Having some Tfil tokens for testing

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Technical aspects

TECHNOLOGIES :

The top programming languages used are Solidity and Javascript , but to be more specific we can mention Reactjs, tailwind,Solidity , Hardhat as helper-frameworks etc

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• Our DAPP wa built with Reactjs and used some helpful libraries for the smart contract integrations, which are ethersjs, web3Modal etc.

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• Smart contract is built with solidity , initially tested in the Remix online IDE, before using the Fvm-hardhat-kit for the deployment and writing unit tests.

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Technical aspects

• ARCHITECTURE

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Demo………..

Business Model

We plans to make money through subscription

Enterprise Model: Target businesses and organizations by offering customized storage solutions and collaboration features tailored to their specific needs.

Data Monetization Model: Explore opportunities to provide users with options to monetize their stored data and collect commission

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Competitors

Google Drive is a centralized cloud-based storage service that allows users to store, access, and share files and documents securely over the internet.

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Dropbox is a cloud-based file hosting and synchronization service that provides users with the ability to store, access, and share files across multiple devices and platforms.

OneDrive is a cloud storage service provided by Microsoft. It offers users the ability to store and access files, photos, and documents.

More on the link below:

https://docs.google.com/document/d/1V0KKEG0qFT8Kz45k_LnvbZ9AUe5JGF_HsIXplp625Mg/edit?usp=sharing

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Competitive landscape

• Decentralization and Trust: By utilizing a decentralized network of nodes, blockchain eliminates the need for a single central authority controlling the storage platform i.e DataVAULT
• Data Privacy and Ownership: DataVAULT enable users to have greater control and ownership over their data
• Incentivization and Tokenization: DataVAULT will introduce tokenization and incentivization mechanisms, allowing users to earn tokens for contributing their storage resources to the network

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Call to action

Interested investors or potential customers can contact us to learn more about our solution.

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We are currently seeking Support funding to facilitate bringing our solution to market.

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Use of funds

• Improvement of software
• Testing and piloting of Product at Universities and few organisations
• Marketing of product

Team

Julius Marenga.

Software Engineer

Blockchain Expert

Gabriel Minzemalulu

Software Engineer

UI/UX designer

Mbunji

Software Engineer

UI/UX designer

Marketing Expert

Amon Kamala

Project Manager

Images

Images

Images

“Join us into the mission by sending us an email via amonkamala10@gmail.com”

THANK YOU