DataHighway: On-Chain Storage and ISO

The DataHighway (DHX) is an ecosystem that connects data providers and consumers, providing a reliable and efficient platform for data exchange. With the upcoming ISO, DHX must evolve to make room for on-chain data certification to help ISO projects facilitate more accurate, and secure sensor mining reward distribution. This enables new project sensors to become reliable pillars of their Web3 protocols and products. This new development brings up a number of challenges, particularly in supporting on-chain data storage. This article discusses the challenges and potential solutions of on-chain data storage for DataHighway to support fair sensor reward distribution for ISO projects

On-chain Data Certification

On-chain data certification is the process of validating and certifying data on the blockchain. This allows for a high level of security and trust in data exchange. To support on-chain data certification, DHX requires connectivity to data storage. However, this is not a simple task, as on-chain data storage comes with its own set of challenges.

Off-Chain Data Storage + On-Chain Oracle

One solution to support on-chain data storage is through the use of off-chain data storage and an on-chain oracle. Off-chain data storage refers to data that is stored outside of the blockchain, while an on-chain oracle is a trusted source of data that can be used to validate data on the blockchain. Oracles can extract data from Web2 and bring it directly to Web3, allowing for more flexible data storage while maintaining the security and trust of the blockchain

On-Chain Data Storage + On-Chain Data Transmission

Another solution is to use on-chain data storage and on-chain data transmission. This approach involves storing data directly on the blockchain and transmitting it through the blockchain as well. While this approach provides a high level of security and trust, it is highly technical. On-chain data storage implies a distributed storage of data which is very complex, in terms of technicality and requires significant computational power and storage capacity.

Challenges in Supporting On-Chain Data Storage

Supporting on-chain data storage comes with several challenges. One major challenge is the complexity of managing and transmitting data on a blockchain, which requires a high level of technical expertise. An additional challenge is scalability. As more data is added to the blockchain network, it takes more time to process and verify transactions. This leads to slower transaction times and higher fees, which can limit the practicality of on-chain data storage for large amounts of data.

Potential Solutions

To overcome these challenges, DHX is currently researching potential solutions. This includes exploring different approaches to on-chain data storage and transmission, as well as developing new tools and protocols to manage data more efficiently on the blockchain. DHX is committed to keeping the community informed as we work to evolve the platform to meet the new demands provided within the ISO.

Conclusion

Supporting on-chain data certification is a complex challenge, particularly in the context of the upcoming ISO project. However, with careful planning and technical expertise, DHX is confident that we can develop solutions allowing secure, efficient, and reliable on-chain data certification.

If you’re interested in learning more about ISO, the DataHighway Marketplace, and how you can get involved, follow our social channels here. More information and development will come soon, so don’t miss out on this exciting opportunity.