Decentralizing File Sharing: The Potential of Blockchain and IPFS

Abstract

This research paper delves into the potential of using blockchain technology and the Interplanetary File System (IPFS) for file sharing. The current state of file sharing is analyzed, and it is found that centralized servers pose many challenges, such as security and privacy issues. The paper then investigates how blockchain and IPFS can provide a decentralized and secure solution for file sharing. The analysis of specific use cases and existing projects such as File Coin, which utilizes IPFS and a blockchain-based marketplace to allow users to rent out unused storage space, is also presented. The paper also addresses the limitations and challenges of using this technology, including scalability and regulatory issues. The research concludes that the combination of blockchain and IPFS has the potential to revolutionize the way digital content is shared and distributed, providing new opportunities for secure and efficient file sharing. The paper also explores other decentralized storage solutions, such as Sia, Storj, and MaidSafe, and how they compare to IPFS and blockchain-based file-sharing solutions. The research also evaluates the potential impact of this technology on various sectors, such as the media, entertainment, and healthcare industries. Overall, this research aims to provide a comprehensive understanding of the topic and its potential impact on the future of file sharing. The advancement of technology has impacted the way information is shared and distributed, with traditional file-sharing methods facing numerous security and privacy challenges. This research paper investigates the potential of using blockchain technology and the Interplanetary File System (IPFS) for file sharing as a means of addressing these challenges. This research paper argues that the combination of blockchain technology and IPFS holds great promise for the future of file sharing.