Storj is like an Internet filesystem. Data blocks are encrypted and distributed across a globally distributed set of storage nodes using block-chain algorithm. It is quite impressive and much needed innovation in the storage space.

Decentralized file storage systems like Storj have the potential to eliminate high markup costs and market inefficiencies and provide a much higher level of privacy, reliability and quality of service than we see today.

The power of the Storj platform is its unique ability indiscriminately utilize the free capacity of a storage node, whether a single end-user PC or a massive data center. Storj is bringing an unprecedented degree of efficiency to globally distributed data storage.

Storj is the first project I've seen to emerge out of Crypto with a multifaceted value proposition that solves the challenges faced today in Big Data, Decentralized Storage, and File Sharing. The strength of their project is backed by a solid team of founders and a talented community of developers and technology specialists passionate about delivering next generation open source tools for everyday computing, powered by Storj.

Storj has a passionate team, that is working hard to make decentralized data storage safe and easy for everyone. I'm impressed with the momentum of the project and think Storj has the promise of being a leader in the personal data storage space, while also giving anyone with free hard drive space incentives.