Inphase Technologies has developed a new form of storage discs which are based on the holographic technology and can record data at high densities thus posing a new competition to Blu-Ray( not really as the cost is too high). The 12 cm plastic discs can store upto 300 GB of data with lifespan of 50 years. However reading these disc drives requires a special drive called the Tapestry.

The current optical media has a lifespan of around 5 years which is due to the degradation of the unstable phase-change dyes used during the manufacturing process. The new holography based storage provides a good solution for storing data for long duration.

According to InPhase, the upcoming generations of holographic disc drives will be able to store around 800GB with writing speeds of 80MB/s. Next on the company’s roadmap, there will be a significant boost in capacity (up to 1.6TB of storage space per disc) and access speed (120MB/s for writing).

The pricing details are too scary, the drive alone sells for $17847 and each removable holographic disc drive costs around $179 that too in bulk. These are aimed primarily towards the industrial backup solutions( i wonder if any industry will be able to afford that much).