Storj envisions its blockchain-based

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Storj is a secure blockchain service for distributed cloud storage
Stephen Vaughan-Nichols | 02/28/2017
Storj Labs, a distributed cloud storage provider, has created a decentralized peer-to-peer cloud storage solution that protects files both on the network nodes and in transit using blockchain technology and encryption. As an open-source project, Storj brings together a large and growing community of developers building tools and applications, as well as secure, by-the-books cloud storage technology.

cloud storage plan as a relatively inexpensive and secure way to store data on PCs and servers scattered around the world .

This isn't the world's first attempt at a P2P cloud venezuela whatsapp data program. Resilo BitTorrent Sync and Tresorit already exist. Another major early player, Symform, was acquired by Quantium and subsequently shut down.

However, Storj (pronounced "storage") is the first to use blockchain technology to ensure that files are secure and cannot be easily viewed or hacked by unauthorized users.

Here's how it works: Storj hosts a collaborative community of "farmers." These are users who rent out their free hard drive space and bandwidth to customers.

All of these users connect via a P2P network that Storj claims is “orders of magnitude more secure, up to ten times faster, and costs less than half as much as traditional data center-based cloud storage solutions.”

The Storj system allows customers to store data in a secure and decentralized way using blockchain features such as transaction ledgers, public and private key encryption, and cryptographic hash functions.

Cloud giants like AWS, Microsoft Azure, and Dropbox use data centers as resource hubs for cloud storage. But data centers are expensive for developers, providers, and users. In reality, they cost even more because of failures and security holes, Stroj adds. Physical servers, networking equipment, and other infrastructure needs, including electricity, cost cloud providers billions of dollars each quarter just to maintain or grow their service offerings.