The BNB Chain core development team has published a whitepaper on BNB Greenfield, a Web3 platform that integrates smart contracts with data storage and is built on the blockchain.
According to the whitepaper, the BNB Smart Chain employs BNB as its native token, allowing users to store data on a distributed network and access or monetize it using smart contracts.
BNB Chain is excited to announce the release of the BNB Greenfield whitepaper.
This new standard in Web3 data ownership and utility introduces a new structural and economic paradigm for data in the #Web3 era.https://t.co/6IZH1bJevW
[1/7] 🧵… pic.twitter.com/tlCi77ZwPb
— BNB Chain (@BNBCHAIN) February 1, 2023
According to Victor Genin, “BNB Chain is creating a new theme for the ownership and utility of data with BNB Greenfield.” Greenfield is the BNB ecosystem’s third blockchain network, following BNB Beacon Chain and BNB Smart Chain. It will develop utility and monetization prospects for data in storage and add programmability to data ownership.
Web3 apps, mainly social media ones, would thrive on such a network. But the network will still use AWS and other centralised cloud providers for its data and computing needs.
The BNB Chain team has revealed that they are working with AWS, NodeReal, and Blockdaemon to deploy a Greenfield testnet in the following months.
