With information of data breaches and scandals across the misuse of individuals’s knowledge changing into a worrying norm, one firm is working to place knowledge 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 software. This provides customers unparalleled management over find out how to retailer, handle and share their knowledge.
Introducing Everlasting Storage
Akord supplies essentially the most user-friendly answer for accessing a brand new technological providing: everlasting storage. That is potential due to Arweave, a decentralized blockchain challenge that shops knowledge perpetually with a one-time upfront charge.
That is realized by means of Arweave’s blockchain-like construction, the blockweave, in addition to its storage endowment.
The blockweave holds all the information saved on the community, utilizing a consensus mechanism referred to as Succinct Random Proofs of Access (SPoRA), to validate whether or not miners are storing all knowledge appropriately.
Everlasting storage for 200 years looks like it might be very pricey however when thought of over this timeframe it’s really fairly the alternative. Storing a GB of data for 200 years costs $6.4 at at the moment’s costs. It’s additionally necessary to know how the endowment mechanism capabilities. It permits customers to solely pay an upfront charge as soon as when storing their knowledge on the community.
The Arweave protocol costs customers to carry a minimum 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 can be 0.5% every year when calculating the price of storing knowledge 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 knowledge. Since genesis no tokens have been launched from the endowment.
On-chain or within the cloud, you determine
Akord’s vaults can both be set to Everlasting or Cloud, Public or Non-public.
Everlasting vaults retailer knowledge on the Arweave blockchain, the place data is stored for at least 200 years. All knowledge is cryptographically immutable guaranteeing its integrity.
Saved in lots of of nodes unfold throughout the globe, the decentralized nature of this storage protects in opposition to ransomware assaults and different single-point-of-failure dangers related to conventional cloud storage suppliers.
For knowledge which will have to be deleted on account of regulatory or different causes, Akord additionally affords cloud storage vaults. These cloud vaults can act as a testing surroundings earlier than sending knowledge on-chain. Or, it might probably act as a safer various 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 person has full management over the keys. Because of this all knowledge is encrypted on the person’s gadget 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 knowledge. This restoration phrase is the person’s safeguard. It ensures that solely they’ve entry to their saved knowledge, akin to holding a personal key to a cryptocurrency pockets.
Such a stage of safety is so safe that not even Akord has the flexibility to entry the person’s knowledge. The encryption keys are solely within the person’s possession, and with out the restoration phrase, the information stays inaccessible, even to Akord.
The social vault
Once we retailer knowledge that’s beneficial, we frequently need or have to share it with others, exactly as a result of it’s so beneficial. That’s why Akord’s vaults may be social areas, managed privately by means of entry management or shared with the world.
Akord isn’t just for dumping information and forgetting about them, except in fact that’s what you wish to do. Their vaults are designed to be dynamic, with the flexibility 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 possibly can go away the vault and move 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 instances. Examples embody historical Buddhist teachings and different digital heritage tasks, NFT artists, reforestation data, insurance certificates, podcasts, accounting and authorized companies, media corporations, and lots of particular person customers storing their treasured household images and different digital property.
The widespread thread between these numerous organizations, people and companies is a want to carry larger management over their knowledge.
Whether or not that’s the flexibility to make sure knowledge can be preserved for future generations, secured with end-to-end encryption and real possession by means of keys, or shared and managed inside a collaborative house, Akord delivers on all fronts.
For companies and organizations, the flexibility to white label the platform helps them redefine their relationship with prospects. This permits them to higher shield privateness, construct belief and earn loyalty.
If you happen to’re occupied with getting a demo of Akord, you possibly can book a demo here.
Sounds nice, however what if Akord not exists?
Storing knowledge perpetually and by no means dropping 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 a knowledge storage community it’s potential 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 workforce stop operations, Explorer will proceed operating, offering perpetual entry to knowledge. Customers solely want their restoration phrase to connect with Explorer. They may discover all their vaults and knowledge 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 knowledge can guarantee their knowledge may be found for generations to come back.
Last Ideas on Seizing Management of Your Information
Information is usually described because the “new oil.” Nonetheless, with growing issues about how this knowledge is being dealt with, managed, and probably misused, there’s a rising want for options that put knowledge 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 ability of web3 know-how to supply digital vaults the place knowledge 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 knowledge.
Sign up for free to discover Akord’s digital vaults. If you happen to’d prefer to subscribe to a plan, use the code AKORD30 to get 30% off your first month.
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