Researchers have announced they have created a "five-dimensional" optical media that can hold up to 1.6 terabytes of data.

The team from the Swinburne University of Technology in Australia said the technology could easily be on the market within 10 years.

In order to create the massive storage capacity the scientists used ‘nanoparticles and a "polarization" dimension’.

The team has already signed a deal with Samsung, which says the disc could potentially hold up to 10 terabytes.

Min Gu, a team member, said they were able to show how nanostructured material can be incorporated onto a disc in order to increase data capacity, without increasing the physical size of the disc.

"These extra dimensions are the key to creating ultra-high capacity discs," he said.

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