37.1 C
Delhi

AMD becomes a prominent player in The Decentralized Storage Alliance

The Decentralized Storage Alliance, which was established on Tuesday, promises collaboration amongst significant actors in the technology industry to ease the transition from Web2 to Web3.

The name of the campaign makes it clear that the main focus is on developing decentralized storage, raising awareness of this technology, and encouraging use. AMD, Seagate, Ernst & Young, Protocol Labs, and the Filecoin Foundation are significant technical partners.

When it comes to high-performance and adaptive processor technologies, which combine CPUs, GPUs, FPGAs, Adaptive SoCs, and deep software integration, AMD plays a key position in the Web3 tech cluster. Decentralized storage is anticipated to succeed in the future thanks in large part to this skill.

Even before Web1, Seagate was a well-known manufacturer of physical storage equipment.

Home users, enterprises, and even cloud service providers (Web2), which the more recent technology aims to supplant, can all benefit from its solutions. If, as anticipated, decentralized storage does take off one day, Seagate would be wise to jump on board and serve as an influential member of this coalition from the start.

- Advertisement -TechnoSports-Ad

For the benefit of its clients, investment and accounting firm Ernst & Young will take on the responsibility of directing and creating safe blockchain technology for storage. A Web3 version of the cloud is what this storage system offers, with excellent efficiency, strong security, and a “much reduced” price. Because of its decentralized structure, uses of this storage technology aren’t tied to a particular provider; instead, they can meet data sovereignty needs and gain from other benefits of the blockchain.

The biggest supplier of this kind of service is Filecoin: According to Filecoin, it hosts 240 PiB of data, which is equivalent to almost 65,000 Wikipedia articles. It has thousands of clients, including UC Berkeley, the Shoah Foundation at USC, and the University of Utah. The Decentralized Storage Alliance appears to be off to a promising start.

Also read:

- Advertisement -TechnoSports-Ad

source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Nivedita Bangari
Nivedita Bangari
I am a software engineer by profession and technology is my love, learning and playing with new technologies is my passion.
TechnoSports-Ad

Popular

TechnoSports-Ad

Related Stories

More from author

The list of Airtel SMS packs as of May 22, 2024

Check out the list of Airtel SMS packs, including costs and validity information. We have shared a list of Airtel SMS recharge plans that...

The Best Recharge Plan for Jio as of 22nd May 2024

Best Recharge Plan for Jio in 2024: The Ultimate Guide In the past few months, Jio has introduced and tweaked a slew of new...

My Jio Recharge Plans as of May 22, 2024: Top trending plans from Jio

My Jio Recharge Plans: Since its establishment in 2016, Reliance Jio has made a remarkable impact on the Indian te­lecommunications industry. The company has...

Save from net YouTube: How to download free YouTube videos as of May 21

Save from net youtube: The Ultimate Guide SaveFrom.net is a free online video downloader that allows you to save videos from websites such as...