Every Friday I book coffee 🍵time with my team and we talk about innovation and new technologies. This week we’re looking at new ways to store massive amounts of enterprise data.
Arweave leverages Moore’s Law-style declining data storage costs. Users pay for a few hundred years upfront (about half a cent per megabyte), and the interest accrued by the excess payment will perpetually cover the costs of shrinking storage prices.
Filecoin Labs is a resilient, decentralized storage network that allows people to store data in a secure and permanent way. It’s like a big library where everyone can store their books but no one can take them away and you can get paid for storing other people’s data.
Overclock Labs, creators of Akash Network is a decentralized cloud where you can rent out or buy other people’s spare Cloud computing and storage. You get access to Cloud for about one-third the cost of Amazon AWS, Google Cloud Platform, and Microsoft Azure.
These are interesting Web3 and Blockchain solutions to the increasing need for secure, resilient data storage.
