CESS Presents at the Prestigious IVS 2023 Conference in Kyoto

CESS Presents at the Prestigious IVS 2023 Conference in Kyoto

Time Stamp: July 7, 2023 1:44 PM
Source Node: 2754816

Cumulus Encrypted Storage System (CESS), the 3rd-gen decentralized cloud-based data storage protocol built exclusively for Web3, has recently presented at IVS 2023 – the biggest and most influential startup conference in Japan. CESS Co-founder and Chairman Nick Zaldastani and COO and Co-Founder Jessie Dai both attended the event and shared opinions on decentralized storage, enterprise blockchain opportunities, and the impact of infrastructure on decentralization.

Issues pertaining to data ownership are a recurring theme and have grown in importance as the blockchain space has matured and evolved. Nick Zaldastani spoke in depth about how new changes in data ownership paradigms are drastically changing and improving legacy approaches to data storage:

“Decentralized storage is quickly becoming the bedrock of blockchain. Legacy systems and approaches no longer work in a Web3 world, and CESS was built to provide the scalability, stability, reliability, performance, cost-savings, and security demanded by new applications, systems, and platforms that depend on vast amounts of secure and accessible data of all kinds to function effectively. We were delighted to present at the conference and look forward to taking things to another level over the weeks and months to come.”

Jesse Dai also shared her thoughts on the event and said: “When compared with other Web3 storage projects, CESS offers unmatched storage costs, higher file reliability, more secure and efficient storage proofs, and lightning-fast upload and retrieval speeds. When taken together, these capabilities cement our project’s value proposition as the ideal partner for enterprises and projects that need speed, performance, and reliability in the fast-paced and dynamic world of Web3 applications and data. At IVS2023, we’ve had the opportunity to educate attendees about our offerings while networking with potential collaborators and partners and look forward to the next round of innovation, growth, and partnerships that will inevitably result from this high-profile conference.”

CESS is pioneering new innovations in decentralized storage that not only give complete ownership and control of user data back to users – in complete contrast to the approach of centralized platforms such as, for example, Facebook and YouTube, where the platform typically owns and controls user data – and CESS also empowers users to permit or restrict access to their data to different entities and remove or scrub data from the Internet whenever and however they choose.

To do this, CESS uses a combination of groundbreaking tech innovations, including Multiple Data Storage Proof Schemes represented by Proof of Data Reduplication and Recovery (PoDR²), Proof of Replication (PoRep), Proof of Space-time (PoSt), Proof of Flow (PoF), Proof of Availability and Storage (PoAs). Other technologies include Multi-Format Data Rights Confirmation (MDRC) and Proxy Re-encryption Technology (PReT) to ensure data ownership and data privacy.

PoDR² is used to guarantee that the system always holds multiple copies of user data files for retrieval. PoRep guarantees that miners have replicated the data as assigned. In order to verify that data files remain on storage nodes during the contract period of files, a Proof of SpaceTime (PoSt) scheme is implemented. Using a traffic proof algorithm PoF, CESS is able to measure and calculate the traffic bandwidth contributed by nodes. Finally, keeping in mind the fluctuation of the network environment, CESS uses a Proof of Available Storage scheme (PoAs) to verify that nodes have sufficient storage capacity and stability. 

Using these technological breakthroughs, CESS is able to deliver unprecedented levels of data security and control, that too on a global scale fit for large consumption on an enterprise level.

CESS is designed from the ground up to be a scalable, flexible, and cost-effective solution for fast, accessible, safe, and encrypted data storage – including hot, warm, and cold data. Thanks to these capabilities, CESS is reimagining what is possible in the cloud-based decentralized storage space and is quickly gaining traction as the go-to solution for leading Web3 applications that need transformative decentralized storage. Along the way, CESS is ushering in a decentralized storage revolution, much as Amazon’s Simple Storage Service (Amazon S3) transformed centralized cloud computing over the past 15 since its launch in 2006.

Kyoto is a city rich in history and has long been a friend to startup executives and investors – not to mention Web3 innovators and developers from all industries and verticals. This year’s conference featured over 10,000 attendees, 700+ speakers, over 250 sessions, and 100+ side events.

To learn more about CESS, please visit https://cess.cloud.

About CESS

Cumulus Encrypted Storage System (CESS) is optimized for processing high-frequency dynamic data, enabling real-time data sharing; while safeguarding its users’ data ownership, privacy and assets. It provides multiple encrypted copies that are sliced and dispersed across global nodes, eliminating single-point failures, data leaks, and slow retrieval.

CESS is fully decentralized, thanks to an innovative Consensus Mechanism that provides fair and open participation, and a Trusted Execution Environment (TEE), and randomly selects nodes to achieve consensus. Furthermore, CESS provides robust data recovery guarantees, thanks to the use of Proof of Data Reduplication and Recovery (PoDR²). PoDR² continuously challenges storage nodes to prove data validity and availability. Recovery functionality will prevent data loss and guarantee data integrity under any circumstance.

Data ownership and traceability are also ensured and verified with Multiformat Data Rights Confirmation technology (MDRC), and safe data and asset sharing, protected data transfers, permissions, and royalties, and fast data retrieval via improved architecture design with indexing functionality and Decentralized Content Delivery Network support are also provided. CESS’s Smart Cloud Space System maximizes scattered global storage space utilization as well and manages node disk space by regularly checking disk status, calculating available and used space, and clearing invalid data.

In this way, CESS is a secure, efficient, and scalable decentralized cloud storage network that provides data storage services and data sharing platforms for Web3. It is the first decentralized storage network that offers full-stack data solutions for large-scale commercial applications. As an open-sourced and public blockchain, CESS is positioned to be the underlying network infrastructure that is equipped with integrated APIs and SDK for easy dApps deployment. It supports WASM and is compatible with EVM smart contracts, making CESS widely available for large-scale commercial applications with its superior performance in data handling. 

All incentives are guaranteed by a set of transparent and fair incentive mechanisms. Anyone can join CESS fairly to become candidate consensus miners through R²S, preventing large nodes from having a monopoly on the network. R²S also achieves low gas fees and 10,000 TPS. 

CESS supports use cases such as customized network drives, frontend support, decentralized streaming and social media, decentralized data marketplaces, user-generated content platforms, and blockchain data backup hubs, helping to build a diverse and robust ecosystem where transactions are secured by encryption and data ownership is returned to their rightful owners.

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