The Decentralized Storage Alliance is an organization designed to drive awareness and adoption of decentralized technologies among enterprises.
The Filecoin Foundation, together with Protocol Labs, Seagate, Ernst & Young and Advanced Micro Devices (AMD), have created a new organization aimed at accelerating the adoption of new decentralized technologies by Web2 companies.
In a Press release, the founding members of the Decentralized Storage Alliance detailed that the objective of this new organization is to Bridging the gap that currently exists between Web2 and Web3, to help companies on their path to transformation and adaptation to cutting-edge technologies and rethinking how the web works.
The new organization will serve as a forum where companies interested in advancing decentralized storage technologies can access education, technical resources, and expertise to explore the unrealized potential of these technologies and implement best practices for participating in the new data economy.
Decentralized Storage Alliance will boost the use and adoption of technologies such as Filecoin, IPFS and libp2p
The Decentralized Storage Alliance is the first member-led industry organization of its kind to drive awareness and adoption of decentralized technologies. Through this organization, the Filecoin Foundation and the most influential companies moving towards decentralization are committed to helping others adopt innovative technologies such as the open source Filecoin network, the InterPlanetary File System (IPFS) and the modular libp2p system, so that they can use these in their daily business operations.
Stefaan Vervaet, head of network growth at Protocol Labs and team leader of the Decentralized Storage Alliance, argued that the new organization has “the power to transform the foundation of the Internet”According to Vervaet, decentralized technologies can offer many significant advantages over traditional Web2 data solutions that exist today.
How important is decentralization?
The organization's founding members detailed how decentralized storage networks are enabling enterprises to access more efficient, robust, and secure storage at a significantly lower cost than traditional data storage.
In addition to this, the founders also highlighted that decentralized storage can “provide data integrity guarantees, prevent data lock-in, meet data sovereignty requirements” and offer many other significant advantages.
Decentralized storage is the future
According to estimates by market intelligence company IDC, Web4 will be the basis for storage services in the next 3 years.
The company published a report, indicating that 86% of organizations see a promising future in decentralized storage technologies and that by 2025 it is possible that Web3 is beginning to replace many public cloud-based storage services.
In this regard, EY Blockchain Partner and Director James Canterbury said that decentralized storage is currently offering companies an opportunity to diversify and add resilience to their data infrastructure.
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