FileTrust: A Secure Decentralized System for Privacy-Preserving Data Storage and Sharing

FileTrust is a decentralized, secure file-sharing solution that leverages blockchain, InterPlanetary File System(IPFS), and advanced cryptographic technologies to provide privacy-focused, distributed data storage. Unlike traditional cloud storage, FileTrust ensures that no single entity has complete control over your data. Instead, files are split into encrypted pieces and distributed across multiple nodes, making unauthorized access nearly impossible. This approach enhances privacy, data availability, and system resilience. FileTrust tokens incentivize participants, such as Vault Keepers and Guardians, to provide storage and maintain security. This white paper explores the motivations, architecture, technologies, use cases, and economic model of FileTrust, showcasing how it differentiates itself from existing file-sharing and storage solutions by offering a more secure, private, and user-centric platform. By eliminating the risks associated with centralized control, FileTrust aims to establish a trustless, transparent, and highly secure environment for managing sensitive data, catering to industries like IoT, healthcare, and legal services.