A woman uses her mobile phone behind barbed wire at an entrance of a residential compound in Wuhan, the epicenter of the novel coronavirus outbreak, Hubei province, China February 22, 2020.Berlin-based Arweave is a startup which is building a decentralized internet archive that it calls its 'permaweb.'
Arweave is backed by Andreessen Horowitz and says it is helping people in China accurately report on the coronavirus crisis.The startup, founded in 2017, operates on two layers to ensure that internet content is not lost or deleted. In an attempt to fix the internet's memory issue, the company has built a "permaweb" with the goal of permanent data storage. Arweave has built a blockchain to do this. The blockchain is effectively a digital record or distributed ledger of activity, most regularly associated with bitcoin and other cryptocurrencies. There is no one blockchain, rather copies of the blockchain are held on hard drives globally, all of which are updated when new details are added.
"We are attempting to address the fragility of the information space," Arweave's cofounder and CEO Sam Williams told Business Insider in an interview. The company came through Techstars' Berlin incubator although Williams most recently was studying for a PhD in computer science at the University of Kent in the UK.
Source: News Formal (newsformal.com)
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