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 way to retailer, handle and share their information.
Introducing Everlasting Storage
Akord gives essentially the most user-friendly resolution for accessing a brand new technological providing: everlasting storage. That is potential due to Arweave, a decentralized blockchain undertaking that shops information eternally with a one-time upfront price.
The blockweave holds all the information saved on the community, utilizing a consensus mechanism known 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 will be very expensive however when thought-about over this time-frame it’s truly fairly the alternative. Storing a GB of knowledge for 200 years prices $6.4 at right this moment’s costs. It’s additionally vital 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 costs 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% every year when calculating the price of storing information on the community. Due to this fact, each time the price of storage decreases > 0.5% a 12 months, 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 determine
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 a minimum of 200 years. All information is cryptographically immutable guaranteeing its integrity.
Saved in a whole lot 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 should be deleted as a result of regulatory or different causes, Akord additionally gives cloud storage vaults. These cloud vaults can act as a testing surroundings earlier than sending information on-chain. Or, it may 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 person has full management over the keys. Which means that all information is encrypted on the person’s machine earlier than being despatched to Akord, including a strong 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 personal 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 information stays inaccessible, even to Akord.
The social vault
After we retailer information that’s precious, we regularly need or have to share it with others, exactly as a result of it’s so precious. 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 after all 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, observe creation, media galleries, and an in-app notification feed.
You can even switch possession of a vault. You’ll be able to depart the vault and go on management of the vault and its contents to another person.
From historic Buddhist texts to valuable household images
Since launching in 2021, the platform has seen various use instances. Examples embrace historic Buddhist teachings and different digital heritage initiatives, NFT artists, reforestation information, insurance coverage certificates, podcasts, accounting and authorized corporations, media firms, and lots of particular person customers storing their valuable household images and different digital belongings.
The frequent thread between these numerous 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 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 clients. This permits them to raised shield privateness, construct belief and earn loyalty.
If you happen to’re interested by getting a demo of Akord, you’ll be able to e book 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. 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 potential to host purposes 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 information. Customers solely want their restoration phrase to hook up with Explorer. They are going to 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 may be found for generations to come back.
Closing Ideas on Seizing Management of Your Knowledge
Knowledge is commonly 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 arms of the individuals who generate it.
Akord is positioning itself on the forefront of this motion. It’s leveraging the ability 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 gives a flexible platform for people and organizations to take management of their information.
Join 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.