BNB Chain Unveils Roadmap for Greenfield Decentralized Storage Network
BNB Chain has recently announced its ambitious roadmap for the Greenfield decentralized storage network. The main goal of this project is to target web2 and web3 integrations and drive innovation to increase blockchain adoption. In a statement released on December 12, the company highlighted the key areas of development that will shape the future of data storage on-chain and on web2 platforms.
Revolutionizing Data Management
The roadmap outlined by BNB Chain sets clear milestones to improve the storage network’s functionality. By the end of 2023, the company aims to enable smart contracts and simplify the exit stages for storage providers. This will make it easier for users and developers to interact with data on-chain. In the first quarter of 2024, BNB Chain plans to enhance storage provider performance and optimize garbage collection processes. By the second and third quarters, storage speeds will be increased by 5x for both download and upload utilities. Finally, the fourth quarter will witness the integration of Artificial Intelligence (AI) to further enhance the capabilities of the network.
“Our vision for Greenfield is to create a high-performance network that can compete with big technology firms in the web2 space,” said a representative from BNB Chain. “We aim to revolutionize how data is managed on the blockchain and provide faster transaction processing and onboarding of users.”
Achieving Scalability and Interoperability
One of the main challenges addressed by BNB Chain is the scalability of the blockchain. Currently, the upload speed is limited to 2mb/s and the download speed to 20mb/s. However, the company plans to tackle this problem through various means. In addition to improving base speeds, BNB Chain will introduce a bundle service that allows users to group multiple files into a single storage order, resulting in faster transfers. This approach is similar to the concept of lumping on-chain transactions together to drive scalability across different chains.
Another important feature of Greenfield is its interoperability. The network will be part of a multi-chain ecosystem, granting users access to diverse platforms. Its cross-chain programmability will enable smart contracts to become resource owners, granting permissions and control over resources for future operations.
Integrating AI for Enhanced Functionality
BNB Chain aims to integrate Artificial Intelligence (AI) into the Greenfield network to unlock several benefits. This includes creating a specialized storage model for handling large files and off-chain generic computing to process massive amounts of data efficiently. The combination of Web3 and AI has the potential to address the unique challenges faced by the AI landscape, such as ownership facilitation, decentralization, transparency, and innovation for builders.
“The current AI landscape faces a unique set of challenges that Web3 has the unique ability to address as well. Some examples include blockchain facilitating ownership, decentralization, transparency, and innovation for builders.”
On the topic of network governance, Greenfield aims to simplify and reduce the barriers for participation as a storage provider or user. This will be achieved by reducing computational demands, streamlining exit processes, and decreasing energy usage on devices.
