Filecoin Foundation and Protocol Labs, along with the rest of the founding members, declared to release the Decentralized Storage Alliance. The respective Alliance counts as an exclusive member-led institution within the industry to advance the adoption of as well as the awareness of decentralized technologies like libp2p, IPFS, and Filecoin. In addition to this, another purpose thereof is to assist the enterprises within the world of Web2 to transition to the latest Web3 via advocacy, best practices, and education.
Decentralized Storage Alliance Gets Released to Interlink Web3 and Web2
It is expected that by 2025 the data market across the globe would surpass the figure of two hundred zettabytes. The enterprise institutions contribute up to eighty percent of the cumulative market demand while more than ninety percent of them depend on the public clouds as well as the rest of the types of centralized storage for data storage. These means are expensive and have lower efficiency levels. As per an IDC survey that was conducted recently in which nearly eighty-six percent of the entities had a view regarding decentralized storage.
The networks offering decentralized storage provide additionally effective, secure, and robust storage in return for considerably low charges. They additionally offer an opportunity for businesses to take part in things related to the data economy. Network Growth Head at Protocol Labs, Stefaan Vervaet, stated that with the collaboration among the prominent leaders across the Web3 and Web3 worlds to delve into the decentralized technology’s unexplored potential, the respective alliance would revolutionize the internet’s nature.
He added that the decentralized storage offers the guarantee of data integrity, compliance with the requirement of data sovereignty, and avoidance of data being locked in. As per him, it also provides several important benefits dealing with the conventional data solutions associated with Web2. The focus of Alliance is to unify different viewpoints taken from the Web3 and Web2 players.
The Alliance Targets Revolutionizing the Financial World with Diverse Exclusive Services
A trustworthy platform will be established by the Alliance to enable enterprises as well as the rest of the entities to collaborate in the case of the latest technology to elevate the adoption rate of the decentralized storage. This will take into account the development of standard specifications as well as reference architectures addressing the latest requirements of the enterprise entities. Apart from that, it will offer access to technical resources, educational materials, along with best practices.
Another focus would be to refine the procedure of data onboarding to the networks of decentralized storage and provide convenience to the data centers in onboarding to the network. It will additionally assist in the establishment of influential working groups to resolve certain problems related to Web3 and the technologies related to decentralized storage. Filecoin network occupies the place of a system of decentralized storage developed to store the most radical information. The platform provides a foundational technology necessary for the web’s next generation, as per Filecoin Foundation’s chair Marta Belcher.
