Seize Control of Your Data

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 palms 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 offers customers unparalleled management over retailer, handle and share their knowledge.

Introducing Everlasting Storage

Akord gives probably the most user-friendly resolution for accessing a brand new technological providing: everlasting storage. That is potential because of Arweave, a decentralized blockchain undertaking that shops knowledge ceaselessly with a one-time upfront price.

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 accurately.

Everlasting storage for 200 years looks like it might be very expensive however when thought-about over this time-frame it’s truly fairly the alternative. Storing a GB of data for 200 years costs  $6.4 at right now’s costs. It’s additionally necessary to grasp how the endowment mechanism features. It permits customers to solely pay an upfront price as soon as when storing their knowledge on the community.

The Arweave protocol prices 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% 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 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 a whole bunch 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 which will should be deleted resulting from regulatory or different causes, Akord additionally presents cloud storage vaults. These cloud vaults can act as a testing setting earlier than sending knowledge on-chain. Or, it could possibly act as a safer various to centralized storage suppliers like Dropbox and Google Drive.

What makes Akord so safe?

Akord’s personal vaults use true end-to-end encryption the place the person has full management over the keys. Which means 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 supplies 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 degree of safety is so safe that not even Akord has the power 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 invaluable, we frequently need or have to share it with others, exactly as a result of it’s so invaluable. That’s why Akord’s vaults will be social areas, managed privately by means of entry management or shared with the world.

Akord is not only 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 power to ask others and set entry controls, supply end-to-end encrypted chat, be aware creation, media galleries, and an in-app notification feed.

You too can 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 valuable household pictures

Since launching in 2021, the platform has seen numerous use circumstances. Examples embrace historic Buddhist teachings and different digital heritage tasks, NFT artists, reforestation data, insurance certificates, podcasts, accounting and authorized corporations, media corporations, and plenty of particular person customers storing their valuable household pictures and different digital belongings.

The widespread thread between these numerous organizations, people and companies is a need to carry larger management over their knowledge.

Whether or not that’s the power 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 power to white label the platform helps them redefine their relationship with prospects. This permits them to higher defend privateness, construct belief and earn loyalty.

In the event you’re concerned with getting a demo of Akord, you may book a demo here.

Sounds nice, however what if Akord now not exists?

Storing knowledge ceaselessly and by no means dropping entry sounds fairly nice. Nevertheless, 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 potential to host purposes from Arweave, that 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 group stop operations, Explorer will proceed working, offering perpetual entry to knowledge. Customers solely want their restoration phrase to hook up with Explorer. They’ll discover all their vaults and knowledge inside.

What’s extra, Explorer additionally features 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 will be found for generations to come back.

Closing Ideas on Seizing Management of Your Information

Information is usually described because the “new oil.” Nevertheless, 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 palms of the individuals who generate it.

Akord is positioning itself on the forefront of this motion. It’s leveraging the facility of web3 expertise 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 gives a flexible platform for people and organizations to take management of their knowledge.

Sign up for free to discover Akord’s digital vaults. In the event you’d prefer to subscribe to a plan, use the code AKORD30 to get 30% off your first month.

Brad Anderson

Editor In Chief at ReadWrite

Brad is the editor overseeing contributed content material at ReadWrite.com. He beforehand labored as an editor at PayPal and Crunchbase. You possibly can attain him at brad at readwrite.com.