Cere Network, Cloud but Decentralized
Cere Network High Level View
As per the cere.network site, you can “Truly own your data for the first time.” They do this by having two products, Decentralized Data Cloud, or DDC for short, and Freeport. DDC protects data/assets decentrally, in perpetuity. Freeport is the secure digital asset vault and solution suite for NFT backend assets. If you take a look at the site you can see it is very new, and regularly being updated. There are pros and cons to this, as it is a good thing that SIMBA is trying to implement it on the early adopter side, but bad since not everything works flawlessly just yet.
Freeport is an all-in-one solution that solves the problem with today’s NFTs, which lack decentralized security and ownership. NFTs are the receipt for the image or item that you own, and this is posted on the blockchain. The issue is the actual image/item is hosted on the site, so if the site goes down, the image is lost. All you have is a smart contract address pointing to the location of the NFT, not the actual image.
DDC is again, Decentralized Data Cloud. It is the world’s first blockchain-based storage solution that is built to interact between users, (NFT) assets, and apps that are individually signed and encrypted. It also maintains a tamper-proof and time-encapsulated scheme, for the potential value transfers. IPFS is the traditional way of NFT storage, it is an image that is uploaded to a site that anyone can look at, but the NFT receipt validates that you own the IPFS image. IPFS is good, but not great, since it is centralized, which we will get into later.
But why have a DDC when the cloud works perfectly fine? Well actually the cloud isn’t as cloud-like as you may think. The cloud just means that the data is stored somewhere in a large data center. So if a disaster were to occur, the data center could be wiped out and the supposed ‘cloud’ would evaporate. There are also solutions out there for disaster recovery that try to help mitigate this. However, using traditional cloud services is costly, centralized, and less secure. But disasters aren’t the only issue with the storage of the NFT, the centralization and security are big proponents too. Say OpenSea gets hacked, or ‘rug pulls’, yeah you may still have the transaction data verifying that you own a png, but the png is hosted on OpenSea, not on the blockchain. This is where Cere comes in and the NFT is actually hosted within the blockchain, not the traditional IPFS way.
At a high level, Cere’s solutions are built to meet the contest, organizational configuration, business workflows, and market landscape for each company/enterprise. They aliken themselves to how XRP is to banks as Cere is to decentralization. Cere’s layer 1 blockchain core is an interoperable hybrid network that bridges enterprise chains with fully decentralized public networks. They combine the aspects of both SaaS and blockchain with their own plug-and-play APIs and SDKs.
Why do I like Cere (NFA-DYOR)
Cere is a paradigm shift towards the decentralized cloud storage. With this there are incentives to shift away from the cloud conglomerates like AWS, Azure, and Google cloud. All of which are hosted in large data centers that are vulnerable to hacks and major disasters. But take this with a grain of salt, as you may have to wait a little longer for this product to be fully fleshed out. Why not join the movement of decentralization, stop fueling into the big corporations, and enjoy comfort in your data being safe.
