Cloud storage as we know it today has been around for over a decade. It has proven to be a great tool for saving files, and it is incredibly widely used nowadays. Storing files on the cloud is incredibly practical, since they can be accessed from anywhere, without needing to carry around a USB-drive or other storage device.

The biggest issue cloud storage faces today is the relatively low levels of privacy and security it offers to the users. Dropbox, for instance, was recently hacked and 68 million users had their email addresses and passwords taken from the platform. Various celebrity iCloud accounts have been recently hacked, and about 500 photos were leaked on the Internet. The list is endless. This lack of confidence is negatively affecting cloud storage.

Can decentralized technologies help solve this issue? It turns out they can. As shown by innovative company Internxt, a decentralized, client-side-encryption solves this flaw in the cloud storage market. This disruptive technology encrypts files with the user password (only known by the user) and fragments the files so that machines never hold a complete file, but only an encrypted shard of it.

Internxt recently launched X Cloud, which, unlike its competing decentralized services, it is managing to reach the mass-market. X Cloud brings such complex technology to the average user (individuals, teams, startups, and corporations). It has designed an incredibly flawless, simple and beautiful product which can truly compete with Dropbox, Google, Amazon & co.

Internxt also has its own token (INXT), which increases in value as X Cloud’s demand goes up. Revenue from X Cloud is used by the company to buy INXT off the market. These INXT are then used to pay nodes that are part of Internxt’s decentralized network, which are also incentivized to hold these tokens in order to increase their future revenues. All these actions take place on the backend, without involving the end X Cloud user in the process.

X Cloud recently launched its web, iOS and Android app, and will soon also launch a desktop version. It is currently available for personal use, but this summer it will also launch for teams, startups and corporations.

The post Is decentralization the future for cloud storage? appeared first on CoinMarketCap.

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