It’s possible. We have done it for all our upgrade projects.
In Summary steps are –
1. Copy and upload all your files to a online file sharing services like – SharePoint (as steven mentioned), OneDrive, AWS, Azure file Share, Azure blob storage.
2. Update data in Record Link with local URL to the target files. [A script is possible to update all record links]
3. For New Links, that will be created after the upgrade – you can either have a AppSource app / Per Tenant Extensions to upload file to your selected online file storage solution.
API Integration with business central, make it possible to integrate external systems.
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