Seize control of your data with Akord

Seize control of your data



With news of data breaches and scandals around the misuse of people’s data becoming a worrying norm, one company is working to put data ownership back in the hands of individuals and organisations.  


Akord is a web3 platform offering digital vaults for storage and collaboration. For the first time, both traditional cloud and permanent blockchain storage is combined in one application, giving users unparalleled control over how to store, manage and share their data.


On-chain or in the cloud, you decide

Akord’s vaults can either be set to Permanent or Cloud, Public or Private. 


Permanent vaults store data on the Arweave blockchain, where data is stored for at least 200 years. All data is cryptographically immutable guaranteeing its integrity. 

Stored in hundreds of nodes spread across the globe, the decentralised nature of this storage protects against ransomware attacks and other single-point-of-failure risks associated with traditional cloud storage providers.


For data that may need to be deleted due to regulatory or other reasons, Akord also offers cloud storage vaults. These cloud vaults can act as a testing environment before sending data on-chain, or simply as a more secure alternative to centralised storage providers like Dropbox and Google Drive.  


What makes Akord so secure?


Akord’s private vaults use true end-to-end encryption where the user has complete control over the keys. This means that all data is encrypted on the user’s device before even being sent to Akord, adding a robust layer of security.

Furthermore, users hold a recovery phrase which gives them sole control over their account and data. This recovery phrase is the user’s safeguard, ensuring that only they have access to their stored data, akin to holding a private key to a cryptocurrency wallet. 

Such a level of security is so secure that not even Akord has the ability to access the user’s data. The encryption keys are solely in the user’s possession, and without the recovery phrase, the data remains inaccessible, even to Akord.

The social vault


When we store data that’s valuable, we often want or need to share it with others, precisely because it’s so valuable. That’s why Akord’s vaults can be social spaces, managed privately through access control or shared with the world. 


Akord is not just for dumping files and forgetting about them, unless of course that’s what you want to do. Their vaults are designed to be dynamic, with the ability to invite others and set access controls, offer end-to-end encrypted chat, note creation, media galleries, and an in-app notification feed.


You can also effectively transfer the ownership of a vault by inviting someone else as an owner of the vault, and then later leaving the vault yourself, passing on control of the vault and its contents. 



From ancient Buddhist texts to precious family photos


Since launching in 2021, the platform has seen diverse use cases: ancient Buddhist teachings and other digital heritage projects, NFT artists, reforestation data, insurance certificates, podcasts, accounting and legal firms, media companies, and many individual users storing their precious family photos and other digital assets.


The common thread that weaves between these various organisations, individuals and businesses is a desire to hold greater control over their data. 


Whether that’s the ability to ensure data will be preserved for future generations, secured with end-to-end encryption and genuine ownership through keys, or shared and managed within a collaborative space, Akord delivers on all fronts.


For businesses and organisations, the ability to white label the platform is helping them redefine their relationship with customers, enabling them to better protect privacy, build trust and earn loyalty. 


If you’re interested in getting a demo of Akord, you can book a demo here.


Sounds great, but what if Akord no longer exists?


Storing data forever and never losing access sounds pretty great, but companies and products come and go: what if Akord isn’t around in X years from now?


As the Arweave blockchain is a data storage network it’s possible to host applications from Arweave, meaning these “permaweb dApps” live independently, governed purely by their own code. 


Akord are soon to release their own permaweb dApp, Akord Explorer. Even if the Akord app, company and team cease operations, Explorer will continue running, providing perpetual access to data. All users need is their recovery phrase to connect to Explorer and they will find all their vaults and data inside. 


What’s more, Explorer also functions as a portal to discovering and following any public vault deployed on Akord. This permanent discoverability means anyone publishing public data can ensure there data can be discovered for generations to come.  

Final Thoughts

Data is often described as the “new oil.” However, with increasing concerns about how this data is being handled, controlled, and potentially misused, there is a growing need for solutions that put data ownership back into the hands of the people who generate it. 

Akord is positioning itself at the forefront of this movement, leveraging the power of web3 technology to offer digital vaults where data is not just stored, but can be managed and shared securely.

Akord’s unique offering of both permanent blockchain and cloud storage in a single platform, coupled with end-to-end encryption and collaborative features, sets it apart. Whether it’s the permanence of blockchain storage or the flexibility of cloud vaults, Akord provides a versatile platform for individuals and organisations to take control of their data.

Sign up for free to explore Akord’s digital vaults and If you’d like to subscribe to a plan, use the code AKORD30 to get 30% off your first month.


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Crypto Prices This Week: Market Cap Stays above $1 Trillion, BTC, ETH, DOGE, SHIB, AR

The cryptocurrency market has posted a bullish performance, marking a good beginning this week. The market started to rally above the trillion-dollar mark towards the end of last month as the appeal for riskier assets increased amid the current bearish macroeconomic environment.

On Monday 02:46 am EAT (East African Time), the market capitalization of all cryptocurrencies was $1.08 trillion, down 2.63% in the last 24 hours. The overall volume of the crypto market during the last 24 hours reached $64.26 billion, a 41.82% fall, according to data platform Coingeko.

With the new month remaining bullish for the landscape, here is a look at five cryptocurrencies investors should watch out for this week.

Bitcoin has maintained its good performance and was trading higher at $21,251.06 after losing 0.31% of its value over the past 24 hours. The flagship cryptocurrency hit a seven-week high on Saturday after a better-than-expected U.S. jobs report in October showed that the labour market remains surprisingly strong, even as the Feds pushes to cool down the economy.

The Altcoin market also continues to see similar bullishness. Ethereum’s price was down 3.26% compared to the prior week at $1,576, but the crypto’s performance has remained among the best this week. The token took advantage of the crypto market’s late push in October, surging all the way to $1,655 and trying to move closer to its $1,700 target. In a span of two weeks, ETH managed to rise by 30%, but the impacts of the Federal Reserve’s 75 basis point interest rate hike caught up with it and made it drop all the way down to $1,500 once again.

Meanwhile, Dogecoin was trading at $0.1243, down 3.17% in the last 24 hours but has gained 96.41% in the last 30 days. Elon Musk’s recently completed his $44 billion takeover of Twitter last week triggered the crypto’s bullishness.

Shiba Inu (SHIB) has also been doing well, with a 25% increase in the past two weeks, though showing consolidation in the past 24 hours, indicating a 2% decline. A lot of the growth that the two meme coins posted is because of the attention it got from Elon Musk buying Twitter. The wild thought that Dogecoin and Shiba Inu could be used on Twitter created massive buying pressure.

Arweave (AR) is also among the most profitable since last week and continues to do well currently. Its current uptake is associated with Meta as the tech firm is undertaking a massive Instagram revolution, requiring third-party crypto projects’ involvement in infrastructure solutions.

Image source: Shutterstock


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Altcoin Watch: Top 3 Tokens for Better Entry- QNT, HT & AR

The digital currency ecosystem is currently experiencing a massive valuation plunge as the cryptocurrency industry is still trying to find a balance after the United States Bureau of Labor Statistics (BLS) released the inflation data in September. 


The Consumer Price Index (CPI) came in at 8.2% for the past month showing the ongoing interest rate hikes, the last of which was 75 basis points, are not yielding good fruits at this time. The resultant reaction plunged the traditional market into chaos, and the resultant ripple effect was experienced in the broader digital currency ecosystem.

The combined crypto market cap was down 0.31% at the time of writing and pegged at $921 billion. With the seemingly bearish trend, here is a brief rundown of altcoins entering the new week with impressive weekly performance.

Quant (QNT)

For the second time in a row, Quant is trending as one of the top performers in the ecosystem with a 22.46% to $192.68 per data from CoinMarketCap. The coin has been on a massive uptrend for the better part of this month, and investors may need to watch well before leaping into acquiring this token moving forward. This is because a mild correction may be underway in the short term.

Huobi Token (HT)

Huobi Token is the native coin of the Huobi Global exchange. The coin has printed as much as 72.16% to $7.07. The Huobi token is flying on a massively bullish trend with the news of the exchange being acquired by About Capital Management, with reports of links to Tron’s founder, Justin Sun.

With the change of ownership, investors believe the exchange may be well-capitalized and positioned to finance its current global growth.

Arweave (AR)

Arweave is a decentralized storage network that seeks to offer a platform for the indefinite data storage. Since its inception, the protocol’s adoption has grown remarkably; thus far, this adoption has been reflected in its token price growth.

The coin is changing hands at $10.06, up 13.50% over the past week.

Image source: Shutterstock


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KYVE raise $2.8M to advance Web 3.0 data storage

Data archiving protocol KYVE has announced a Series B funding raise of $2.875M instigated by institutional capital firms Permanent Ventures and Hypersphere Ventures in which a vast collection of crypto projects and individual angel investors including, but not limited to, Coinbase Ventures, Volt Capital, Justin Kan and Robin Chan, participated.

KYVE has expressed the ambition of becoming the leading project in the Web 3.0 sphere with an inherent focus on data collection and digital calculation.

The newly-established project, currently operating in testnet phase, utilizes blockchain indefinite storage service Arweave to provide a vast number of Web 3.0 use cases, including cross-chain interoperability via bridges, data storage and oracles.

This news follows the project’s debut funding round six months earlier in which a plethora of reputable industry names participated via their foundations: Solana, Avalanche and NEAR, among others.

In early October, KYVE collaborated with Polkadot-based Moonbeam Network to enable the latter’s developers to benefit from KYVE’s data services. The partnership also opened up the possibility of greater scalability measures and high liquidity capacity via Ethereum Virtual Machine contracts.

Related: Arweave secures $5 million in funding round led by Andreessen Horowitz

Fabian Riewe, co-founder of KYVE, spoke highly of the progress the firm has made, as well as their future ambitions:

“The last six months have been an incredible journey for KYVE. We have improved the product, added new integrations, scaled our team with great talents and grown the community tremendously. Our mission is more ambitious than ever: We want to become the default tool for data collection and computation for all Web3 projects.”