With information of knowledge 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 fingers 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 how one can retailer, handle and share their knowledge.
Introducing Everlasting Storage
Akord gives essentially the most user-friendly answer for accessing a brand new technological providing: everlasting storage. That is doable because of Arweave, a decentralized blockchain undertaking that shops knowledge without end with a one-time upfront payment.
That is realized via 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 Entry (SPoRA), to validate whether or not miners are storing all knowledge appropriately.
Everlasting storage for 200 years looks as if it will be very expensive however when thought-about over this timeframe it’s truly fairly the alternative. Storing a GB of information for 200 years prices $6.4 at at present’s costs. It’s additionally essential to grasp how the endowment mechanism capabilities. It allows customers to solely pay an upfront payment as soon as when storing their knowledge 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% annually when calculating the price of storing knowledge on the community. Due to this fact, at any time when the price of storage decreases > 0.5% a 12 months, 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 resolve
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 knowledge is saved for no less than 200 years. All knowledge is cryptographically immutable guaranteeing its integrity.
Saved in tons 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 knowledge that will have to be deleted attributable to regulatory or different causes, Akord additionally gives cloud storage vaults. These cloud vaults can act as a testing setting earlier than sending knowledge on-chain. Or, it may well 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. Which means that all knowledge 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 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
After 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 via entry management or shared with the world.
Akord is not only for dumping recordsdata 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.
It’s also possible to switch possession of a vault. You possibly can depart the vault and cross on management of the vault and its contents to another person.
From historic Buddhist texts to treasured household photographs
Since launching in 2021, the platform has seen various use instances. Examples embrace historic Buddhist teachings and different digital heritage initiatives, NFT artists, reforestation knowledge, insurance coverage certificates, podcasts, accounting and authorized corporations, media corporations, and lots of particular person customers storing their treasured household photographs and different digital belongings.
The frequent thread between these varied organizations, people and companies is a want to carry higher 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 via keys, or shared and managed inside a collaborative area, Akord delivers on all fronts.
For companies and organizations, the flexibility to white label the platform helps them redefine their relationship with prospects. This allows them to higher shield privateness, construct belief and earn loyalty.
Should you’re considering getting a demo of Akord, you possibly can e-book a demo right here.
Sounds nice, however what if Akord not exists?
Storing knowledge without end 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 purposes from Arweave, that 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 working, offering perpetual entry to knowledge. Customers solely want their restoration phrase to hook up with Explorer. They are going to 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 Knowledge
Knowledge is usually described because the “new oil.” Nonetheless, with rising issues about how this knowledge is being dealt with, managed, and doubtlessly misused, there’s a rising want for options that put knowledge possession again into the fingers of the individuals who generate it.
Akord is positioning itself on the forefront of this motion. It’s leveraging the facility 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 pliability of cloud vaults, Akord gives a flexible platform for people and organizations to take management of their knowledge.
Join free to discover Akord’s digital vaults. Should you’d prefer to subscribe to a plan, use the code AKORD30 to get 30% off your first month.
