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microsoft / 0xDeCA10B

Sharing Updatable Models (SUM) on Blockchain
https://aka.ms/0xDeCA10B-blog1
MIT License
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Storing models for cheap on Factom #93

Open kirit93 opened 4 years ago

kirit93 commented 4 years ago

The Factom blockchain is built for data storage, offering a fixed cost of $0.001 for 10kb of data. The Factom chain anchors to the Bitcoin and Ethereum blockchain giving it accountability.

I'm curious if this option has been explored for model storage instead of storing it in Etheruem?

Each Factom entry has a unique hash and that can be used in the smart contract to lookup the required model.

More information on Factom - https://www.factom.com

juharris commented 4 years ago

Thanks for your interest in this project! That's a good suggestion. Storing lots of data in Ethereum isn't ideal but I have some concerns with other storage methods. Maybe you already saw my FAQ about it: https://github.com/microsoft/0xDeCA10B#what-about-storing-models-off-chain ? I've looked into Factom a bit and some of those concerns might apply to Factom as well. The information on their site was vague. Here are some questions for my notes or you to answer if you happen to know the answers:

  1. Is it cheap to update data? Factom advertises that data is immutable but if I can efficiently update a model then that might be good to do rather than storing a new model for every update.
  2. We might have to use an oracle to get the model if it is stored externally, this cost might be too high for some models.
  3. Is the data storage persistent? A peer-to-peer network is mentioned and if it is like IPFS, then it's not reliable.