Academic institutions house some of the world’s most important data generated from years of research. Yet centralized data storage models are becoming a concern for many universities looking to keep critical information safe and accessible.
Danny O’Brien, a senior fellow at the Foundation and Filecoin Foundation for the Decentralized Web (FFDW) — an independent organization that facilitates governance of the Filecoin network and funds development projects — told Cointelegraph that data stored by academic institutions is at risk of vanishing due to centralized storage models. To put this in perspective, a recent Filecoin Foundation survey found that 71% of Americans have lost information and records due to challenges like deleted hyperlinks or locked online accounts.
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