Used for: Decentralised Cloud Storage
Detail: “an open source project that aims to offer a completely decentralized, secure, and efficient cloud storage service, that also serves as a peer-to-peer payment system like Bitcoin. ” ~ Storj.io.
Similar to Dropbox and Google Drive, this project will create digital storage but not in the cloud. (Entities) Instead, your files will be shredded, encrypted, distributed in pieces to multiple machines (peers) and then only you will have accessÂ to them. The aim is to provide more affordable storage while increasing privacy.