Decentralized Storage Alliance Launches to Bridge Chasm Between Web2 and Web3

SAN FRANCISCO–(BUSINESS WIRE)–Protocol Labs and Filecoin Basis along with different founding members, immediately introduced the launching of the Decentralized Storage Alliance (the “Alliance”). The Alliance is a first-of-its-kind, member-led business group to drive consciousness and adoption of decentralized applied sciences, similar to Filecoin, IPFS, and libp2p, and assist enterprises in Web2 make the transition to Web3 via schooling, advocacy, and finest practices.

By 2025, the worldwide knowledge market is anticipated to exceed 200 zettabytes. Enterprise organizations account for 80% of complete market demand, and over 90% of them depend on public clouds and different types of centralized storage to retailer knowledge, which is expensive and never at all times environment friendly. Centralized gamers proceed to consolidate the market, limiting pricing and knowledge effectivity. In line with a current IDC survey titled “Why Decentralized Storage Primarily based on Web3 Expertise Will Finally Change Many Public Cloud-Primarily based Storage Providers,” nearly 86% of organizations had a optimistic view of decentralized storage.*

Decentralized storage networks allow extra environment friendly, sturdy, safe storage – at a considerably decrease value than conventional knowledge storage – whereas additionally giving extra companies the chance to take part within the knowledge financial system.

“With top-tier leaders throughout Web2 and Web3 coming collectively to discover the unrealized potential of decentralized expertise, this Alliance has the ability to remodel the inspiration of the web,” mentioned Stefaan Vervaet, Head of Community Development, Protocol Labs. “Decentralized storage can present assurances of information integrity, keep away from knowledge lock-in, meet knowledge sovereignty necessities, and gives many important benefits over conventional Web2 knowledge options.”

The Alliance goals to deliver collectively numerous viewpoints from main Web2 and Web3 gamers.

• Superior Micro Units (AMD) gives the business’s broadest portfolio of management high-performance and adaptive processor applied sciences, combining CPUs, GPUs, FPGAs, Adaptive SoCs and deep software program experience to allow management computing platforms for cloud, edge and finish units.
• Ernst & Younger (EY), the primary Huge 4 agency to decide to public blockchain, is concentrated on putting in the instruments, methods, and providers that will probably be wanted to assist each private and non-private corporations benefit from blockchain expertise to handle the ecosystem’s most urgent issues – privateness, safety, and regulatory compliance. As a trusted advisor to the world’s largest enterprises, EY’s capability to check and audit transactions in a blockchain atmosphere offers companies the arrogance to transition from merely monitoring on a blockchain to transacting throughout the whole enterprise lifecycle.
• Seagate, a number one supplier of information storage expertise and options. A world expertise chief for greater than 40 years, the corporate has shipped over three billion terabytes of information capability.

The Alliance will create a trusted discussion board the place enterprises and others can come collectively and collaborate round new expertise to speed up the adoption of decentralized storage expertise. This may embrace:

• Growing customary specs and reference architectures that deal with the distinctive wants of enterprise corporations.
• Offering entry to schooling supplies, technical sources, and finest practices.
• Enhancing the method of onboarding knowledge to decentralized storage networks and making it simpler for brand spanking new knowledge facilities to onboard to the community.
• Enabling the creation of impactful Working Teams that clear up particular points with the transition to decentralized storage applied sciences and Web3.

Filecoin is the world’s largest decentralized storage community. In 2021, Filecoin represented 1% of the full enterprise HDD capability shipped, making it one of many fastest-growing storage networks on this planet.—sufficiently big to carry a replica of Wikipedia 65,000 occasions. The 240 PiB of information hosted on the Filecoin community consists of 8M energetic knowledge transactions and enterprise prospects similar to UC Berkeley, The USC Shoah Basis, College of Utah, NYC Open Knowledge and lots of extra. Greater than 1,000 distinctive purchasers & customers have already uploaded their knowledge to the Filecoin community, with 15% importing greater than 100 TiB.

“The Filecoin community is a decentralized storage system designed to retailer humanity’s most vital data, and a foundational expertise for the following era of the net,“ mentioned Marta Belcher, President and Chair, Filecoin Basis. “The Decentralized Storage Alliance will assist extra companies understand the advantages of decentralized internet expertise.”

Disclaimer

The Decentralized Storage Alliance (the “Alliance”) might obtain sure annual monetary contributions within the type of money or sources from Protocol Labs, Filecoin Basis, Seagate, AMD, and EY. No assertion made on this press launch, on a web site, or in some other public context associated to the Alliance and/or Filecoin constitutes a suggestion, endorsement, advice, or different favorable report by the Alliance, Protocol Labs, Filecoin Basis, Seagate, AMD, or EY, or any of their associates, or of any services or products supplied by any of them, or of some other asset. Particularly, the Alliance, Protocol Labs, Filecoin Basis, Seagate, AMD and EY, every expressly disclaims any legal responsibility associated to any determination by any particular person or entity to purchase, spend money on, or in any other case help any asset.

Member quotes

“As the worldwide knowledge and storage markets are accelerating, there’s a lag within the adoption of decentralized storage applied sciences,” mentioned James Canterbury, Accomplice/Principal at EY Blockchain. “As an organization with a world SaaS blockchain options enterprise, we see decentralized storage as a possibility to diversify and add resilience to our knowledge infrastructure. And we see the Alliance as an important piece of this – enabling adoption of decentralized storage and cohesion throughout the broader business.”

“Growing cutting-edge applied sciences for the ever-evolving and rising knowledge storage markets is central to our mission at Seagate,” mentioned Sai Varanasi, senior vice chairman of product and enterprise advertising at Seagate. ‘We’re excited to be a part of this alliance and dealing with like-minded organizations who’re equally passionate in regards to the subsequent era of decentralized storage applied sciences.”

We’re actively on the lookout for extra corporations to affix our ecosystem. In case you are to affix or study extra in regards to the Decentralized Storage Alliance, go to dsalliance.io.

About Protocol Labs

Protocol Labs is an open-source analysis, growth, and deployment laboratory that builds protocols, instruments, and providers to radically enhance the web. Protocol Labs’ tasks which might be designed to fortify and democratize the net embrace IPFS, Filecoin, libp2p, and extra. A totally distributed group of over 300 individuals globally, Protocol Labs is devoted to driving breakthroughs in computing to push humanity ahead.

About Filecoin Basis

Filecoin Basis (FF) is a corporation that facilitates governance of the Filecoin community, funds vital growth tasks, helps the expansion of the Filecoin ecosystem, and advocates for Filecoin and the decentralized internet.

About Filecoin

Filecoin, the world’s largest decentralized storage community, allows customers to retailer, request, and switch knowledge by way of a verifiable market. Filecoin’s superior expertise offers a sturdy basis to retailer the world’s most respected datasets. A substitute for pricey cloud storage, the Filecoin community gives effectively priced and geographically decentralized storage, minimizing monetary obstacles and permitting customers to benefit from its unmatched community capabilities. Filecoin is totally open supply, enabling individuals from everywhere in the world to take part. For extra details about Filecoin, please go to https://filecoin.io/

*IDC White Paper sponsored by Protocol Labs, “Why Decentralized Storage Primarily based on Web3 Expertise Will Finally Change Many Public Cloud-Primarily based Storage Providers”, Doc #US49613522, October 2022.