Decentralized Storage Alliance Launches to Bridge Chasm Between Web2 and Web3
Protocol Labs and Filecoin Foundation together with other founding members, today announced the launching of the Decentralized Storage Alliance (the “Alliance”)
SAN FRANCISCO--(BUSINESS WIRE)--Nov 1, 2022--
Protocol Labs and Filecoin Foundation together with other founding members, today announced the launching of the Decentralized Storage Alliance (the “Alliance”). The Alliance is a first-of-its-kind, member-led industry organization to drive awareness and adoption of decentralized technologies, such as Filecoin, IPFS, and libp2p, and help enterprises in Web2 make the transition to Web3 through education, advocacy, and best practices.
By 2025, the global data market is expected to exceed 200 zettabytes. Enterprise organizations account for 80% of total market demand, and over 90% of them rely on public clouds and other forms of centralized storage to store data, which is costly and not always efficient. Centralized players continue to consolidate the market, limiting pricing and data efficiency. According to a recent IDC survey titled “Why Decentralized Storage Based on Web3 Technology Will Ultimately Replace Many Public Cloud-Based Storage Services,” almost 86% of organizations had a positive view of decentralized storage.*
Decentralized storage networks enable more efficient, robust, secure storage – at a significantly lower cost than traditional data storage – while also giving more businesses the opportunity to participate in the data economy.
