A new alliance called the Decentralized Storage Alliance aims to increase adoption and bridge the chasm between Web2 and Web3.
Founding members of the alliance include Filecoin, AMD, Ernst & Young, and Seagate. The members bring vast experience which spans both Web2 and Web3.
“With top-tier leaders across Web2 and Web3 coming together to explore the unrealized potential of decentralised technology, this Alliance has the power to transform the foundation of the internet,” said Stefaan Vervaet, Head of Network Growth, Protocol Labs.
“Decentralised storage can provide assurances of data integrity, avoid data lock-in, meet data sovereignty requirements, and offers many significant advantages over traditional Web2 data solutions.”
Filecoin is emerging as a leader in the decentralised storage space. Since launching its mainnet in October 2020, Filecoin’s storage capacity has grown to an incredible 18.971 EiB (21,872,073,863 GB).
“The Filecoin network is a decentralised storage system designed to store humanity’s most important information, and a foundational technology for the next generation of the web,“ commented Marta Belcher, President and Chair of the Filecoin Foundation.
“The Decentralized Storage Alliance will help more businesses realise the benefits of decentralised web technology.”
There is currently around 240 PiB of data hosted on Filecoin’s network. The network process eight million active data transactions and features enterprise customers such as UC Berkeley, The USC Shoah Foundation, University of Utah, and NYC Open Data.
“As the global data and storage markets are accelerating, there is a lag in the adoption of decentralised storage technologies,” said James Canterbury, Partner/Principal at EY Blockchain.
“As a company with a global SaaS blockchain solutions business, we see decentralised storage as an opportunity to diversify and add resilience to our data infrastructure. And we see the Alliance as a crucial piece of this – enabling adoption of decentralised storage and cohesion across the broader industry.”
The Decentralized Storage Alliance has four key aims:
- Developing standard specifications and reference architectures that address the unique needs of enterprise companies.
- Providing access to education materials, technical resources, and best practices.
- Improving the process of onboarding data to decentralised storage networks and making it easier for new data centres to onboard to the network.
- Enabling the creation of impactful Working Groups that solve specific issues with the transition to decentralized storage technologies and Web3.
“Developing cutting-edge technologies for the ever-evolving and growing data storage markets is central to our mission at Seagate,” said Sai Varanasi, SVP of Product and Business Marketing at Seagate.
‘We’re excited to be part of this alliance and working with like-minded organisations who are similarly passionate about the next generation of decentralised storage technologies.”
The alliance is looking for more partners to advance its vision for the future of storage technologies. More information about the alliance and how to take part can be found here.
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