The cloud storage market is forecasted to grow by nearly 20% over the next five years, to reach nearly $235 billion by 2028. However, currently dominated by a handful of mega centralized providers - namely Amazon Web Services (AWS), Google, and Microsoft - the current system is becoming overloaded, and data loss is increasingly frequent.And this is not to mention the manipulation of information that is possible through these huge centralized providers that control so much of the global internet alongside rampant, government-backed censorship and, often, simple human error that can have catastrophic consequences. $235 billion by 2028 $235 billion by 2028 Indeed, the power of centralized cloud providers means that a slip of a developer’s finger can result in huge data loss, as was the case for an Australian pension fund in May 2024, whose balances were accidentally deleted by the Google Cloud team. This slip wiped $125 billion-worth of data from Australians’ retirement savings that were recovered only because the fund itself has been cautious with its backups. the case for an Australian pension fund the case for an Australian pension fund Big Tech can, will, and does delete your data Indeed, centralized cloud storage providers like AWS and Google Cloud, for example, are essentially black boxes that do not provide their clients with any information on how the network is run, no guarantees against tampering, nor of data permanence. Indeed, since these hyperscalers all operate through subscription models, data is only ever stored as long as companies or individuals continue paying, even if the data is of public interest. One of the reasons the internet is plagued by linkrot(a term for the disappearance of websites that have been linked to) is, in part, due to global overreliance on centralized infrastructure, plus expired domains and a lack of content archiving solutions. linkrot linkrot The problem is further exacerbated by high switching costs, which lock in data storage consumers who face bills they can’t understand. For example, AWS S3 storage bills are notoriously complex due to the different pricing schemes for __storage, transfer, and retrieval, __including fees for deleting data from certain products. storage, transfer, and retrieval, Blockchains can - and are - being built to never lose your data Thanks to its decentralized nature, inherent immutability, and censorship resistance, blockchain technology can potentially solve a number of these issues. Indeed, we have seen a swathe of web3 projects launch solutions that have tried to meet evolving cloud storage needs to varying degrees. These include peer-to-peer cloud storage network IPFS. Essentially a file-sharing system, IPFS relies on individuals running client software on their devices to make storage space available. While it’s decentralized, though, it doesn’t prevent failure, as several NFT projects learned in 2021 when links to their image files wouldn’t resolve. links to their image files links to their image files Indeed, in a March test, the team behind permanent cloud storage network AR.IO queried 15,000 randomly selected ENS records that pointed to IPFS Content Identifiers (CIDs) and attempted to fetch each CID through two major public IPFS gateways. Roughly one in four (25%) either timed out or failed to resolve at all, highlighting how availability can depend on which gateways are still caching or pinning the data. AR.IO - the world’s first permanent cloud network Other decentralized storage networks come with the same set of issues. Neither Sia nor Storj, for example, provides assurances for long-term storage, and both rely on consistent consumer payments. The only option in the market that’s built differently is AR.IO. AR.IO AR.IO . Unlike Storj and Sia, the AR.IO team didn’t bootstrap a network of storage providers, but rather built its product based on an established permanent data storage network: Arweave. When storing data on Arweave, consumers pay once and receive a guarantee that their data will be preserved for at least 200 years. Yet, interacting with Arweave directly can be an arduous task, especially for those not familiar with blockchain technology. That’s why AR.IO created a better way to interact with Arweave by powering both the upload and retrieval of data – the “in” and “out” of the blockchain. When using AR.IO, technical complexities are abstracted away without compromising on Web3’s values of transparency, censorship resistance, and self-sovereignty. AR.IO is the only cloud network for permanent data storage AR.IO has created the first cloud network that allows users to store their data permanently. As long as the data exists, it remains accessible on Arweave indefinitely thanks to content-based retrieval and a global network of gateways. In comparison, other decentralized storage providers still rely on location-based retrieval. At first glance, centralized providers like Amazon Web Services (AWS) S3 may appear cheaper for storing 1GB of data at $0.276/year vs. $9.20 currently on Arweave. However, assuming light regular access to the data of 1,000 requests/month, the break-even point is reached after 11 years. And that’s without calculating the costs saved by reducing admin overhead. Src: https://ar-fees.ar.io/ https://ar-fees.ar.io/ https://ar-fees.ar.io/ However, uploading data is just one part of the equation; the other is enabling quick data retrieval, especially for dApps. To achieve that, the AR.IO team built a network of independent gateway operators that index, cache, and serve data that relies on a network that enhances reliability, ensures high availability, improves the system's security, and removes single points of failure. Scalable data access Access is further enhanced through AR.IO’s support for AO computer – a decentralized compute layer built on Arweave that enables developers to parallelize data streams, schedule apps to run autonomously, and interact with stored data in real-time. When storing on AR.IO, developers aren’t locked into Web3; they can easily combine and achieve interoperability with Web2 tools. Another core product within AR.IO’s permanent cloud network is the Arweave Name System (ArNS) – a decentralized and permanent domain name service (DNS) that maps human-readable names to content on Arweave. Unlike other Web3 naming systems that primarily function as wallet addresses, ArNS is built for composability and can be integrated into applications, protocols, and websites. If more people adopted ArNS as their DNS model, the internet’s current problems with link rot would be radically reduced thanks to permanent data storage, immutability, and global accessibility. Losing important data can be a thing of the past The internet is an incredible source of knowledge, however, it was not built to last, and – because of this – we risk losing vast amounts of it if data is stored impermanently. The internet archive downtime of October 2024, when a hacker stole a user authentication database containing the details of over 31 million users, was a wake-up call to take the permanence of data more seriously. internet archive downtime internet archive downtime Currently, in the US, we are also seeing a huge amount of data being deliberately deleted from public records, including healthcare information and vast amounts of government data. The loss of this data is the loss of knowledge, the historical preservation of truth, and, in turn, our power. The manipulation of public data is the manipulation of our society. Permanent cloud data storage is the only medium by which we can ensure the preservation of this crucial data and AR.IO offers the only truly permanent, decentralized, and censorship-resistant cloud storage network. Compared to any other cloud — be it Web2 giants Google, AWS, or Web3’s IPFS — AR.IO alone empowers individuals and organizations to store and access data without the risk of loss or manipulation. With our advanced integrations, user-friendly ArNS domain name service, and the fact that we are grounded in Arweave’s “pay-once-store-forever” model, AR.IO is in a class of its own. For those concerned with the security and permanence of their data, AR.IO provides a viable and accessible alternative storage solution to centralized cloud providers. If you have a project that aligns with AR.IO’s mission of getting permanent data storage into the hands of everyone, join us in building the decentralized web and apply for an AR.IO grant today: today:https://ar.io/grants If you have a project that aligns with AR.IO’s mission of getting permanent data storage into the hands of everyone, join us in building the decentralized web and apply for an AR.IO grant today: today:https://ar.io/grants https://ar.io/grants https://ar.io/grants
