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With information of information breaches and scandals across the misuse of individuals’s information changing into a worrying norm, one firm is working to place information possession again within the palms 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 software. This provides customers unparalleled management over find out how to retailer, handle and share their information.
Introducing Everlasting Storage
Akord supplies essentially the most user-friendly answer for accessing a brand new technological providing: everlasting storage. That is doable due to Arweave, a decentralized blockchain venture that shops information without end with a one-time upfront payment.
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 accurately.
Everlasting storage for 200 years looks as if it could be very pricey however when thought of over this time-frame it’s really fairly the other. Storing a GB of knowledge for 200 years prices $6.4 at at this time’s costs. It’s additionally necessary to grasp how the endowment mechanism features. It permits customers to solely pay an upfront payment as soon as when storing their information on the community.
The Arweave protocol expenses 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 aspect, the endowment makes an assumption that the decline will likely be 0.5% annually when calculating the price of storing information on the community. Due to this fact, 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 Personal.
Everlasting vaults retailer information on the Arweave blockchain, the place information is saved for not less than 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 that will must be deleted because of regulatory or different causes, Akord additionally presents cloud storage vaults. These cloud vaults can act as a testing setting earlier than sending information on-chain. Or, it may well act as a safer different to centralized storage suppliers like Dropbox and Google Drive.
What makes Akord so safe?
Akord’s non-public vaults use true end-to-end encryption the place the consumer has full management over the keys. Because of this all information is encrypted on the consumer’s machine 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 consumer’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 consumer’s information. The encryption keys are solely within the consumer’s possession, and with out the restoration phrase, the info stays inaccessible, even to Akord.
The social vault
After we retailer information that’s useful, we regularly need or have to share it with others, exactly as a result of it’s so useful. That’s why Akord’s vaults may 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 in fact that’s what you wish to do. Their vaults are designed to be dynamic, with the power to ask others and set entry controls, provide end-to-end encrypted chat, word creation, media galleries, and an in-app notification feed.
You may also 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 photographs
Since launching in 2021, the platform has seen numerous use instances. Examples embody historical Buddhist teachings and different digital heritage tasks, NFT artists, reforestation information, insurance coverage certificates, podcasts, accounting and authorized companies, media firms, and lots of particular person customers storing their treasured household photographs and different digital property.
The frequent thread between these numerous organizations, people and companies is a need to carry larger management over their information.
Whether or not that’s the power to make sure information will likely be preserved for future generations, secured with end-to-end encryption and real possession by keys, or shared and managed inside a collaborative house, 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 higher shield privateness, construct belief and earn loyalty.
In the event you’re curious about getting a demo of Akord, you possibly can guide a demo right here.
Sounds nice, however what if Akord now not exists?
Storing information without end and by no means dropping entry sounds fairly nice. Nevertheless, firms 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” reside 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 group stop operations, Explorer will proceed working, offering perpetual entry to information. Customers solely want their restoration phrase to hook up with Explorer. They’ll discover all their vaults and information inside.
What’s extra, Explorer additionally features 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 may be found for generations to return.
Last Ideas on Seizing Management of Your Knowledge
Knowledge is usually described because the “new oil.” Nevertheless, with rising considerations 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 palms 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 flexibleness 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. In the event you’d prefer to subscribe to a plan, use the code AKORD30 to get 30% off your first month.
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