Paper Title: Using Computational Storage to Reduce TCO in Storage-based Cryptocurrencies

Paper Abstract: Blockchains, cryptocurrency, and the internet of markets are working to transform finance, wealth, safety, digital security, and trust. Storage-based cryptocurrencies had a breakout year in 2021. Proof of Space and Time is a new blockchain consensus that uses storage capacity to secure the blockchain. Decentralized file storage will enable alternatives to hyperscale data centers for hosting files and objects. Understanding the TCO of a storage system and optimizing the utilization of the storage hardware is critical in scaling these systems. Proof of space generation requires temporary compute and ephemeral storage resources. Having compute resources onboard an SSD can allow for local data processing to decrease overall system Total Cost of Ownership (TCO).

Paper Author: Eli Tiomkin, VP Business Development, NGD Systems

Author Bio: I am leading computational storage innovation in the areas of edge compute, CDN, and cloud infrastructure. I am a storage expert, with focus on SSD technology since 1997, and with understanding how the innovation within storage can be translated into markets, applications, customers. The upcoming advancements in storage (SSDs and HDDs) will reshape tomorrow's usage of data (AI, ML).