Compare Decentralized Storage Platforms

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Decentralized Storage Technology is changing the domination of current big players such as Google, Amazon, Microsoft. The technology is in its early stage, and there is still a lot of opportunities left for newcomers to provide different platforms for the users. Let’s have a look at a quick comparison of 11 decentralized Storage platforms that currently in active development.

 TokenDeveloperUse IPFSTargetStrength
FilecoinFILProtocol Labs (IPFS guys)YesConsumer MarketDropbox like Storage
BTFSBTTBitTorrent/TronYesTron dApp DevelopersTron ecosystem
SiaSCSiaNoConsumer MarketEncryption and Distribution
Storj (Tardigrade)STORJStorj LabsNoConsumer MarketEncryption and Distribution
NeoFSNEONEONoDevelopers’ CommunityNeo ecosystem
0BoxZCN0ChainNoConsumer MarketSpeed
X CloudINXTInternxtNoConsumer MarketUser Fiat Currency
PPIOPPCoinPPLabsNoDevelopers’ CommunityAlternative to Google Cloud or Amazon S3
OpacityOPQOpacityNoConsumer MarketPrivacy, Simplicity
DfinityDFNNoDevelopers’ CommunityCloud computing platform (like Microsoft Azure)

Filecoin — Built by Juan Benet and the same people who created the IPFS protocol. Filecoin can be an alternative to Dropbox is a solution for individual users to keep their data. Filecoin is building on IPFS, which ensures scalability, robustness, and security. Filecoin ICO raised more than $257 mil in 2017. It has announced a lot of partnerships with leading organizations like the Ethereum Foundation.

Sia — Sia is more targeted towards the consumer market, providing them with an alternative to other cloud storage providers. It positions itself and compares it to Amazon and Google. I think this could be the best-decentralized cloud storage solution for the public.

Storj — Just like Sia, StorJ is also targeted towards the consumer, but they are more focused on encryption and distribution. With a similar set of features, Storj can be considered as the closest competitor to Sia.

PPIO — PPIO is very different from all the decentralized cloud storage solutions that we have discussed in this article. PPIO is solely made for the developers’ community, providing an alternative to Google Cloud or Amazon S3, etc. Just like Filecoin, PPIO is more of a platform for hosting decentralized applications.

X Cloud by Internxt — With the lowest cost and intuitive dashboard, I think X Cloud can become a very prominent company in the consumer-facing environment. Its packages are cleverly designed, and with the option to purchase packages in fiat currency, X cloud also caters to the audience who isn’t yet crypto-hungry.

0Box by 0Chain — The best thing about 0Box is that the company behind it, the 0chain is solely focused on building the fastest blockchain platform catered towards decentralized cloud storage only. This focus gives them a distinctive edge. Also, with their claims of user data monetization and revenue-sharing model, 0Box has a lot to offer than just the storage.

Opacity — Opacity puts a lot of focus into the privacy along with simplicity. It lets users pay in the tokens and don’t share any information. Instead of email and password, Opacity gives a unique identifier called the ‘account handle’ which is the only thing you need to access all your files.

BTFS by BitTorrent (BTT) — Rather than focusing on the consumer storage segment, BTFS by BitTorrent is focused on building the decentralized storage layer for the TRON network. TRON is a public and programmable blockchain just like Ethereum, and with BTFS, it will enable developers to leverage the power of ‘storage’ with their DApps. We can say that it would be more focused on the TRON DApp developers instead of regular consumers.

NeoFS by NEO — Just like BTFS, NeoFS would be the decentralized storage layer for the NEO network. NEO is another public programmable blockchain platform, just like Ethereum and TRON. With NeoFS, developers who built DApps would be able to leverage the power of decentralized storage for their applications. Just like BTFS, NeoFS would be more focused on the developers instead of the consumers.

Dfinity — Dfinity is purely focused on companies, and instead of focusing on ‘storage’, Dfinity wants to establish itself as THE decentralized cloud computing platform (like Microsoft Azure). Dfinity is probably the first company with the sole focus on the cloud computing platform and wants to take the legacy IT systems to the cloud using its platform.

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