The document discusses Blu-ray, a new optical disc storage standard designed to replace DVD. Blu-ray has a larger storage capacity of 25GB per single-layer disc (50GB for dual-layer), supports full HD resolution, and has a faster data transfer rate of 36Mbps. It provides advantages like increased lifespan, storage, speed and protection from scratches compared to DVD, and is used for HD video/software distribution, recording, and data storage. However, Blu-ray technology is initially more expensive than DVD.