A Novel Blockchain-Integrated Distributed Data Storage Model with Built-in Load Balancing

Most companies relay on centralized servers, which are considered as a fast and easy to deploy solution for file sharing, but they have many downsides, like security and trust issues, which can be solved using DLT (blockchain) solutions. However, DLT-based solutions have many challenges, such as nodes orchestration, adjusting reliability and double-spending, as well as load balancing. This research proposes a DLT (Distributed Ledger Technology) based model for files storage for companies using p2p networks, which takes into account both data reliability and storage space efficiency. More efficient data storage is achieved through the use of the Erasure coding technique. For load balancing, a set of algorithms that can be implemented in the form of a smart contract were proposed. The described model can become the basis of the IT infrastructure for trusted exchange of documents, technical and scientific information, games distributions, mobile applications, updates of scientific, regulatory and technical databases in b2b and b2c format