BlocksInform
Bnb chain, a blockchain platform launched by crypto exchange binance, has revealed interest for the construction of a blockchain-based web3 infrastructure in its new greenfield bnb white paper.
The white paper explains it as a decentralized storage infrastructure within BNB Chain, which allows users and decentralized applications (DApps) full ownership of the data. Possible use cases include web hosting, personal cloud and data storage, publication and more.
The proposed Web3 infrastructure test – built by the BNB Chain core team – is supported by Amazon Web Services' community developer teams, NodeReal and Blockdaemon. BNB Greenfield is being built as a decentralized storage system with smart contract integrations for Web3 applications, which will use BNB (BNB) token (previously known as BINANCE Coin).
Sharing the motive behind the upcoming initiative, Victor Genin, senior solution architect at BNB Chain, revealed the intent to create a new theme for the ownership and utility of data, adding:
“BNB Greenfield will build utility and financialization opportunities for data that is in storage as well as bring programmability to the ownership of data.”
Users with BNB chips and a BNB channel address can store data on Greenfield BNB, similar to Web2 cloud storage services such as DropBox. Deploy web sites and store historical information.
The system will also use nonfungible tokens (NFTs) in conjunction with smart contracts for the management of ownership and permission to read the available data. On the main server, the bnb string will be used to store storage metadata, and third-party storage providers will be responsible for storing the data.
Related: Binance blocks some accounts amid Bitzlato case: ‘Funds are safe’
Binance’s ongoing product expansion aspiration recently led to a Mastercard partnership to launch a prepaid crypto card in Latin America.
On January 30, crypto trading announced the launch of Binance Card in Brazil, issued by Dock, a central bank-regulated payment institution.
Ola, Brasil! #Binance Card has just launched in Brazil - another step towards crypto adoption pic.twitter.com/UJRmpMhpbQ
— Binance (@binance) January 30, 2023
The card enables real-time fiat-crypto conversion of 14 digital assets with benefits, including up to 8% cash back in crypto on eligible purchases and zero charges on certain ATM withdrawals.
