Molecular Data Inc. announced that following the collaboration with China's listed UCloud to further drive digital transformation to upgrade the chemical, medical, and new materials industries, Molecular Data has signed a 3 year IPFS (Interplanetary File System) customized operational arrangement with an renowned industry partner to gear up its data services. Molecular Data is addressing the inadequacies faced in the various industries including deploying Blockchain solutions accordingly. Without IPFS, file storage costs and efficiency remains high. As such, Molecular Data intends to tap on the merits of IPFS such as decentralization of data; less costs, efficiency and data security. This move by Molecular Data follows the steps of global giants in the storage space who have invested considerable technology efforts in IPFS and related applications. The strategic MOU will also help bring in the appropriate technical providers needed in the upgrade, including maintenance and technical services.