As digital data grows exponentially across the globe because of digitization and the exponential growth of the internet and 5G, as well as devices using it, blockchain storage is emerging as one of the most secure solutions.
YottaChain is one of the innovative startups leading this trend. YottaChain is a storage public chain relying on Blockchain built by Alex Wang one of the top 10 chines young scientists. The startup claims its non-IPFS system is more secure partly because it performs deduplication after encryption. According to their website data is 10,000 times more secure than traditional centralized storage.
UNLOCK interviewed Pekka Kelkka, Chief Executive Officer of YottaChainMENA, an independent entity that seeks to deliver Blockchain storage running on Yottachain platform. According to Kelkka, “YottaChain is a public blockchain – a fork from EOS blockchain. YottaChainMENA will be a side-chain for YottaChain. YottaChainMENA’s decentralized storage will used to connect scattered storage resource globally to build a decentralized storage pool of a vast interstellar size for data sovereignty. This is much better than centralized storage because it is 10 times more reliable, and cost effective. Companies can save up to 70% on their data expenses.”
One of the main features of YottaChain is that it owns 200 plus patent technologies and uses TruPrivacy, the only technology that realizes encryption and deduplication globally. YottaChainMENA will bring this unique technology also in MENA markets. As Kelkka states, “there are two kinds of centralized data storages, those that have been hacked and those that will be hacked. Decentralized data storage is needed to provide security for the data storage business.”
Recently YottaChainMENA launched their headquarters in Dubai UAE to cover the MENA region. According to Kelkka, “We launched in the region with our offices in Dubai to cater to GCC and will be launching our MTA token soon. The MTA token has already raised $685,000 in pre-seed investment round. Our public blockchain data storage provides great earning opportunities. On YottaChain mainchain users are making passive income on the network by participating as nodes sometimes as much as $450 per day. You can check this from YottaChain mainchain web portal http://yottascan.io/. ”The Yottachain token YTA is already listed on various exchanges. YottaChainMENA will launch its MTA token in a few weeks’ time
Kelkka adds, “In the MENA region YottaChainMENA will have its own data storage in Dubai UAE. Investors can join as nodes to generate passive income. Kelkka continues, “At the moment there are many data storage companies who are interested in working with us on mutual projects and environments. As the amount of data increases exponentially companies will need to seriously think of where they want to store this data and how to safeguard it.”
YottaChainMENA was recently involved in Blockchain discussions with regards to Covid19 and while they are not developing any application, they are ready to use their decentralized data storage solution for applications that are released such as contact tracking. As Kelkka explains, “We are still in early phases of negotiations with many app developers working on e.g. Dubai Blockchain Center’s network on a contact tracking application. When there is a viable product, we will be ready to provide the best security and privacy on fighting Covid-19.
Recently Yottachain brought onbaord KARM Legal consultants as legal advisors to facilitate business registration and ensure regulatory compliance. this engagement strengthens YottachainMENA business and ensuree meeting the requirements of the applicable regulatory bodies.