What is BNB Greenfield? Why is Decentralization Important in Data Storage?

Although blockchain technology is more prominent today due to its contribution to the centralization of money, its contributions to people’s fundamental rights and freedoms cannot be denied.

Considering that the state is a security contract established between the citizen and the authority, we unwillingly leave many of our fundamental rights and freedoms to the control of central governments, namely states.

Here, blockchain technology mediates us to partially avoid this contract between the individual and the state, which is often not based on free will, and to have the right to freely use and manage our fundamental rights.

The use of the economic, social and cultural rights and collective rights accepted in the Universal Declaration of Human Rights under the control of the state actually causes the essence of these rights to deteriorate and these fundamental rights of the people to be damaged. Every right under a central control and control can be crippled by the effects of self-censorship for various reasons.

Centralization of the ownership and use of money, as well as the centralization of the ownership and use of information, is at the forefront of the problems that blockchain technology must solve.

While many projects have been produced to decentralize money on the blockchain, there are relatively few projects aimed at decentralizing information.

This article aims to decentralize the ownership and use of information and data. BNB GreenfieldWe’ll consider.

What is BNB Greenfield? Why it is necessary?

BNB which has the title of the 3rd blockchain of the ecosystem BNB Greenfield It is an important project that will bring many innovations to the BNB chain, which has a wide area of ​​use, aiming to decentralize the ownership and use of information mentioned above as a basic human right.

BNB Greenfield introduces itself with these words;

“BNB Greenfield is a decentralized storage infrastructure within the BNB chain ecosystem where users and decentralized applications can create, store and exchange data on their own to create a data economy.”

With the rising technological developments in the 21st century, the importance of information has increased and its storage and use has created a new ecosystem. Today, data storage and its use are among the main interests of big technology companies such as Amazon, Google and Meta.

BNB Greenfield also aims to be an important representative of this ecosystem in blockchain technology.

While many centralized companies, such as the large companies listed above, manage the storage and use of data in Web2, in Web3 these transactions can be done more effectively and without touching the essence of the concept of ownership of information, thanks to the efficient solutions put forward by decentralized blockchain projects.

In this respect, BNB Greenfield will be an important part of the preparation for Web3.

What are the Benefits of BNB Greenfield to its Users?

Offering the management and storage of many data from websites to personal data markets and social media shares, BNB Greenfield users will be able to:

1- Login with an anonymous cryptographic key,

2- Creating, reading and processing data with a user experience similar to cloud storage services in use today

3- The ownership of the data will be completely owned by the user and this data can be controlled both manually and automatically through programs.

4- If the data owner wishes, this data can be used for his or someone else’s financial interests.

5- BNB Greenfield will also facilitate the access of decentralized applications to new and innovative Web3 business models.

BNB Greenfield Will Open New Doors to BNB

BNB will be used as the native token on the BNB Greenfield network. The fact that the BNB network is the 3rd blockchain and brings a decentralized solution to one of the most important problems of the century we live in reveals that BNB Greenfield is an important turning point for BNB as well. In addition, smart contracts on the BNB chain can be integrated with decentralized storage solutions.

With the growth of BNB Web3, which has been operating successfully and widely used since 2020, and the rise of BNB Greenfield, it will find many new and functional uses.

As we explained above, the data on BNB Greenfield can be exchanged and converted into an economic value as well as being stored. This strengthens the thesis that BNB will find more use in a new trade area.

You can use the link below to get more information about BNB Greenfield, which will announce its testnet soon, and to access its whitepaper.

For more information: BNB Greenfield

To invest in more than 300 cryptocurrencies, you can register with Binance exchange with 20% COMMISSION DISCOUNT from this link!