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With information of information breaches and scandals across the misuse of individuals’s information turning into a worrying norm, one firm is working to place information possession again within the arms of people and organizations.
Akord is a web3 platform providing digital vaults for storage and collaboration. For the primary time, each conventional cloud and everlasting blockchain storage is mixed in a single utility. This provides customers unparalleled management over the best way to retailer, handle and share their information.
Introducing Everlasting Storage
Akord supplies probably the most user-friendly answer for accessing a brand new technological providing: everlasting storage. That is doable because of Arweave, a decentralized blockchain challenge that shops information eternally with a one-time upfront price.
That is realized by Arweave’s blockchain-like construction, the blockweave, in addition to its storage endowment.
The blockweave holds all the info saved on the community, utilizing a consensus mechanism referred to as Succinct Random Proofs of Entry (SPoRA), to validate whether or not miners are storing all information appropriately.
Everlasting storage for 200 years looks as if it could be very pricey however when thought-about over this time-frame it’s really fairly the alternative. Storing a GB of information for 200 years prices $6.4 at as we speak’s costs. It’s additionally essential to know how the endowment mechanism capabilities. It permits customers to solely pay an upfront price as soon as when storing their information on the community.
The Arweave protocol fees customers to carry a minimal of 15 replicas with extraordinarily pessimistic future assumptions. Over the previous 50 years, the price of storage on common has gone down by 30.5% yearly. To be on the very conservative facet, the endowment makes an assumption that the decline can be 0.5% every year when calculating the price of storing information on the community. Subsequently, every time the price of storage decreases > 0.5% a yr, it stretches out the lifetime that the protocol can retailer information. Since genesis no tokens have been launched from the endowment.
On-chain or within the cloud, you resolve
Akord’s vaults can both be set to Everlasting or Cloud, Public or Non-public.
Everlasting vaults retailer information on the Arweave blockchain, the place information is saved for at the very least 200 years. All information is cryptographically immutable guaranteeing its integrity.
Saved in lots of of nodes unfold throughout the globe, the decentralized nature of this storage protects towards ransomware assaults and different single-point-of-failure dangers related to conventional cloud storage suppliers.
For information which will have to be deleted attributable to regulatory or different causes, Akord additionally presents cloud storage vaults. These cloud vaults can act as a testing surroundings earlier than sending information on-chain. Or, it could actually act as a safer various to centralized storage suppliers like Dropbox and Google Drive.
What makes Akord so safe?
Akord’s personal vaults use true end-to-end encryption the place the person has full management over the keys. Which means that all information is encrypted on the person’s system earlier than being despatched to Akord, including a sturdy layer of safety.
Moreover, customers maintain a restoration phrase which provides them sole management over their account and information. This restoration phrase is the person’s safeguard. It ensures that solely they’ve entry to their saved information, akin to holding a non-public key to a cryptocurrency pockets.
Such a degree of safety is so safe that not even Akord has the power to entry the person’s information. The encryption keys are solely within the person’s possession, and with out the restoration phrase, the info stays inaccessible, even to Akord.
The social vault
After we retailer information that’s beneficial, we regularly need or must share it with others, exactly as a result of it’s so beneficial. That’s why Akord’s vaults could be social areas, managed privately by entry management or shared with the world.
Akord is not only for dumping recordsdata and forgetting about them, until after all that’s what you need to do. Their vaults are designed to be dynamic, with the power to ask others and set entry controls, supply end-to-end encrypted chat, notice creation, media galleries, and an in-app notification feed.
You may as well switch possession of a vault. You’ll be able to go away the vault and cross on management of the vault and its contents to another person.
From historical Buddhist texts to treasured household images
Since launching in 2021, the platform has seen numerous use circumstances. Examples embrace historical Buddhist teachings and different digital heritage tasks, NFT artists, reforestation information, insurance coverage certificates, podcasts, accounting and authorized corporations, media corporations, and lots of particular person customers storing their treasured household images and different digital belongings.
The frequent thread between these varied organizations, people and companies is a need to carry better management over their information.
Whether or not that’s the power to make sure information can be preserved for future generations, secured with end-to-end encryption and real possession by keys, or shared and managed inside a collaborative area, Akord delivers on all fronts.
For companies and organizations, the power to white label the platform helps them redefine their relationship with prospects. This permits them to raised defend privateness, construct belief and earn loyalty.
When you’re curious about getting a demo of Akord, you’ll be able to guide a demo right here.
Sounds nice, however what if Akord now not exists?
Storing information eternally and by no means shedding entry sounds fairly nice. Nonetheless, corporations and merchandise come and go: what if Akord isn’t round in X years from now?
Because the Arweave blockchain is an information storage community it’s doable to host functions from Arweave, which means these “permaweb dApps” dwell independently, ruled purely by their very own code.
Akord will quickly launch their very own permaweb dApp, Akord Explorer. Even when the Akord app, firm and crew stop operations, Explorer will proceed operating, offering perpetual entry to information. Customers solely want their restoration phrase to connect with Explorer. They may discover all their vaults and information inside.
What’s extra, Explorer additionally capabilities as a portal to discovering and following any public vault deployed on Akord. This everlasting discoverability means anybody publishing public information can guarantee their information could be found for generations to come back.
Closing Ideas on Seizing Management of Your Knowledge
Knowledge is usually described because the “new oil.” Nonetheless, with rising issues about how this information is being dealt with, managed, and doubtlessly misused, there’s a rising want for options that put information possession again into the arms of the individuals who generate it.
Akord is positioning itself on the forefront of this motion. It’s leveraging the facility of web3 expertise to supply digital vaults the place information is saved, managed and shared securely.
Akord’s distinctive providing of each everlasting blockchain and cloud storage in a single platform, coupled with end-to-end encryption and collaborative options, units it aside. Whether or not it’s the permanence of blockchain storage or the pliability of cloud vaults, Akord supplies a flexible platform for people and organizations to take management of their information.
Join free to discover Akord’s digital vaults. When you’d wish to subscribe to a plan, use the code AKORD30 to get 30% off your first month.
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