These organizations offer alternatives to centralized cloud services — all with a little support from the blockchain.
In today’s digital world, cloud computing is becoming essential for both businesses and consumers.
Businesses adopt cloud services as a way to lower infrastructure costs, accelerate software deployment, and increase operational flexibility, while consumers typically adopt these services as a way to save space on their storage constrained devices.
Many of these individual and enterprise users rely on cloud services from tech leaders like Amazon, Apple, Microsoft, and Google.
However, a small group of organizations have emerged to offer a different type of cloud service. Instead of relying on a centralized cloud data center for storage and compute capacity, blockchain-based services can leverage the excess storage and compute capacity of other users’ devices on the network.
This could mean storing your (encrypted) files on another user’s desktop computer or tapping into their CPU for a temporary, but compute-intensive project.
We surfaced 8 notable companies using blockchain technology to offer cloud storage and/or compute services. Of the companies on our list, 4 are primarily focused on data storage while the other 4 are primarily focused on compute capacity. With that said, these companies are not mutually exclusive — some offer a range of decentralized cloud-related services.
For a deeper dive into the emerging blockchain trends, read our report Blockchain Trends In 2019.
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Startups working with blockchain and cryptocurrencies have the potential to create "trustless" networks and fundamentally change the way markets transact. Look for Blockchain in the Collections tab.
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