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Protocol Labs, the Filecoin Foundation, and the other founders announced the official launch of the Decentralized Storage Alliance. The Alliance is a pioneering, member-driven industry group that promotes decentralized technologies like Filecoin, IPFS, and libp2p by informing the general public about them, advocating for their use, and sharing best practices. It also assists Web2 firms in making the switch to Web3 technologies. https://twitter.com/Filecoin/status/1587117880734367744 The worldwide data industry is anticipated to reach 200 zettabytes by 2025. Over 90% of the market's demand is from enterprise businesses, which use expensive and occasionally ineffective public clouds and other centralized storage methods to store their data. Market consolidation by centralized firms continues, which has an impact on pricing and data efficiency.
Services by Decentralized Storage Alliance
Decentralized storage networks provide more effective, reliable, and secure data storage at a price substantially cheaper than traditional data storage while opening up the data economy to more companies. The Alliance intends to bring together various perspectives from top Web2 and Web3 players. The aspects include Advanced Micro Devices (AMD), Seagate, and Ernst & Young (EY). In order to expedite the adoption of decentralized storage technology, the Alliance will establish a reliable venue where businesses and other stakeholders may interact and collaborate. According to Marta Belcher, President and Chair of the Filecoin Foundation, the Filecoin network is a decentralized storage system intended to store humanity's most critical information and basic technology for the next generation of the web. According to the Decentralized Storage Alliance, more companies will profit from using decentralized web technologies.
Filecoin Service Provider RRMine Global Moves To Singapore
In mid-September, Cryptoknowmics reported that RRMine Worldwide, a provider of global cloud-computing asset management systems and a Filecoin storage company, has publicly announced the suspension of its operations in Mainland China and the relocation of its corporate headquarters to Singapore.