Problem

In today's digital economy, data is indispensable for businesses and individuals. However, the current systems of data transfer and storage face significant challenges, ranging from security concerns to lack of efficiency and difficulties in complying with data protection regulations. A major problem is the dependence on centralized platforms, which not only are potential targets for cyber attacks but also limit the privacy and control users have over their own data.

The use of multiple storage solutions leads to inefficiency and increased costs. Many must use various storage options side by side to meet their needs, which complicates management and is time-consuming. Often there is a lack of flexibility to seamlessly transfer data between different storage locations or platforms, further limiting usability.

Another issue is the underutilization of storage resources. Numerous organizations and individuals possess unused storage capacities that are inefficiently used or monetized, leading to wasted resources and preventing the full utilization of available storage capacities.

The security of data during transfer and storage is another critical challenge. Given the rising number of data breaches and cyber-attacks, ensuring data security is essential. However, many existing solutions do not offer the necessary protection to securely store sensitive information, exposing businesses and individuals to significant risks.

Moreover, the costs associated with centralized storage solutions create an additional financial burden. Centralized storage solutions are often more expensive than their decentralized counterparts for several reasons: Firstly, centralized systems require extensive physical infrastructure, including data centers, which are expensive to acquire, operate, and maintain. Secondly, centralizing data at one or a few locations can lead to a single point of failure, necessitating extensive and costly security measures. Thirdly, hidden costs often arise with centralized systems, such as fees for data access or for transfer rates. Estimates suggest that centralized storage can be up to 80% more expensive than decentralized storage options. This cost burden prompts SMEs and private individuals to optimize their storage solutions.

These problems underscore the urgent need for a new solution that is secure, efficient, and user-oriented, while simultaneously reducing technical and financial barriers that currently prevent the full utilization and monetization of digital storage resources.

Lastly, access to advanced technologies like Web3 solutions is unrealizable for many due to technical barriers. The complexity of the technology proves to be a significant hurdle. WeSendit eliminates these barriers by simplifying access to decentralized storage solutions for businesses and private individuals, enabling them to securely and efficiently benefit from innovations in the area of Web3-based data transmission and storage, without being hindered by high costs.