FileTrust: Blockchain based Storage Solution

FileTrust uses advanced cryptographic techniques, such as Information Dispersal Approach (IDA), Multi-Party Computation (MPC) and Proxy Re-Encryption (PRE), to secure data. Encrypted data is broken into encoded shards, stored across multiple nodes using IPFS, and can only be reassembled and accessed by authorized users, ensuring privacy and data integrity.

FTU are utility tokens used within the FileTrust platform. They are used to pay for data storage, retrieval services, and as incentives for Guardians, Vault Keepers, and other network participants who contribute to the platform.

You can participate in the FileTrust network by becoming a user, a Guardian, or a Vault Keeper. As a user, you can store and share your data securely. As a Guardian or Vault Keeper, you contribute to securing and maintaining the network and earn TrustFile Tokens as a reward.

Unlike traditional cloud storage solutions, which rely on centralized servers, FileTrust uses decentralized technology to store data across multiple nodes globally. This ensures there is no single point of failure, enhances data privacy, and prevents centralized entities from having control over your data.

You can earn TrustFile Tokens by participating as a Guardian or Vault Keeper, providing data storage and security services to the network. Additionally, you can earn FTT through bounty campaigns, such as promoting the project, reporting bugs, or creating content.

Guardians and Vault Keepers are participants in the FileTrust network who help secure data and ensure its availability. Guardians are responsible for managing encryption and access control, while Vault Keepers store encrypted data shards. Both roles are incentivized with FTU.

Yes, FileTrust is suitable for businesses and enterprises that require secure and private data storage solutions. It is ideal for industries such as healthcare, legal services, and IoT, where data privacy, resilience, and secure sharing are crucial.