Web3 Tech Cloud Company Revealed the Availability of its Cloud Storage Solution
Impossible Cloud (Web3 Tech) has revealed that its native, enterprise-grade cloud storage service is now generally accessible. Impossible Cloud is a cloud platform with a foundation in Germany that provides multi-service cloud solutions and aids companies in storing their data.
According to the company, the solution provides all the features of conventional cloud storage along with the advantages of decentralized web3 technology. These advantages include improved pricing, security, and speed. According to Impossible Cloud's release, this cloud storage option is 50% to 75% less expensive than traditional cloud providers. Thus, these types of steps by the company create a positive influence on the global cloud storage market. In addition, according to a research report published by Astute Analytica, the global cloud storage market is expected to grow at a CAGR of 21% during the forecast period from 2021 to 2027.
Company Goals:
The company's services don't require tokens or cryptocurrency, but they still allow business customers to take advantage of web3 technology without having to transact in cryptocurrency or tokens.
The solution is specifically made for enterprises and small and medium-sized businesses (SMBs) that utilize both on-premises private clouds and centralized public cloud providers like AWS S3. According to the company, Impossible Cloud Storage is perfect for organizations that need fast, safe storage for huge data, archives, and backups.
Impossible Cloud's Object Storage was created for speedy deployment with just one line of code and offers round-the-clock engineering assistance. According to Kaul, the company keeps all of its work on dedicated hard drives to ensure that user data and the data in the hosting data center are kept secure and separate.
“There is no mixing because we save everything on separate hard discs. Additionally, we use additional levels of protection for our encryption, encrypting data while in transit and at rest, among other things.”
Impossible Cloud reported in early March of this year that it has raised €7 million (US $ 7,723,870) in a seed round co-led by HV Capital and 1kx, with Protocol Labs and TS Ventures also participating, to hasten the launch of its platform.
The company is concentrating on expanding its storage offerings and releasing new cloud solutions now that its cloud storage product is generally available.
According to Kaul, "I believe the cloud computing market is poised for upheaval...The internet won't look the same in five years as it does today. And the future of the internet will look very much like our approach and others like it.”
According to Dr.Christian Kaul, chief operating officer and co-founder of Impossible Cloud said, "Impossible Cloud's cloud platform is based on web3 technology, which supports decentralized infrastructure." As a result, cloud services are delivered with greater effectiveness, performance, security, and resilience because there is no single point of failure. This is accomplished by utilizing underutilized capacity from a worldwide network of enterprise-grade data centers.
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