BNB Chain is a decentralized blockchain network that allows developers and creators to build DApps as we transition to Web3. As of February 2023, BNB Chain has the highest transaction volume and daily active users among smart-contract blockchains worldwide. On February 1, 2023, BNB Chain shared the BNB Greenfield whitepaper. In short, BNB Greenfield aka Build and Build Greenfield offers decentralized storage solutions as part of the BNB Chain ecosystem. It aims to enable users and DApps to create, store, and share data while maintaining full ownership, leading to a new data economy.
How BNB Greenfield Works
Build and Build Greenfield is a blockchain focused on storage that connects to a decentralized network of storage providers (SPs). Users can upload their data and set specific access and usage rights. SPs keep this data off-chain, ensuring it is backed up and redundant, while the metadata from users’ BNB ledger is recorded on the BNB Greenfield blockchain.
A native cross-chain bridge allows easy transfer of data from the BNB Greenfield ecosystem to the BNB Smart Chain. This data can be utilized in the current BNB Chain DApp ecosystem and in new BNB Greenfield DApps. These DApps can assist users in engaging with the Greenfield ecosystem or serve as Web3 products that make use of the available data.
The unique way to set permissions on data in a smart contract environment opens up many possible business models that will help users and other participants in Build and Build Greenfield.
Use Cases
Build and Build Greenfield can open up several opportunities to launch a new generation of DApps.
- Website hosting
- Personal cloud storage
- Blockchain data storage
- Publishing
- Social media
- Personal data market
Conclusion
The list of use cases shows that BNB Greenfield could lead to a new wave of creative and clear Web3 business models for DApps. Achieving transparency and data ownership is crucial for realizing Web3’s full potential. Build and Build Greenfield aims to explore this new area alongside the wider Web3 community, benefiting future users. The release of the Build and Build Greenfield whitepaper in February 2023 marks the beginning of a journey toward improved data independence, ownership, and opportunities for users, developers, and the larger Web3 community.