Can hyped up non-existent vaporware cure cancer? Anyone's guess. I saw and early whitepaper for that and it was full of technobabble and set of my personal sleaze alarms.
What/which "storage problem" are you talking about?
The storage problem of the blockchain becoming terabytes in size and your average person does not have the incentive or means to be a full node. Not sure if this is really a 'problem' problem, though, if some minimum amount of full nodes are plenty for the network to thrive.