• Storj has announced the availability of the first decentralized cloud storage facility in the world.

Storj, a pioneer in the field has claimed that this decentralized storage facility is available for businesses and individuals across the spectrum.

The service called the Tardigrade Decentralized Cloud Storage was unveiled on Tuesday this week. Tardigrade name was chosen after the class of extremely tough microorganisms that are hard to kill. Storj is relying on blockchain technology and decentralized approach to improve the security of the system.

The open-source cloud network currently is offering more than 19 petabytes of memory (19 million gigabytes) for users. There are currently over 3,000 users on the platform and the space is actually dedicated by a decentralized networks of databanks. Each computer dedicating space to the network is called a node. Any uploaded file is randomly split into 80 different fragments and then uploaded into random nodes around the network. This helps making the data secure and not easy to manipulate.

Storj’s co-founder and chief strategy officer, Shawn Wilkinson believes that Storj’s network costs as low as half of the centralized models available including the popular Amazon Web Services (AWS). With lower price point and increased security, projects like Storj are useful for the decentralization of storage.

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