"A peer-to-peer cloud storage network implementing client-side encryption would allow users to transfer and share data without reliance on a third party storage provider. The removal of central controls would mitigate most traditional data failures and outages, as well as significantly increase security, privacy, and data control. Peer-to-peer networks are generally unfeasible for production storage systems, as data availability is a function of popularity, rather than utility. We propose a solution in the form of a challenge-response verification system coupled with direct payments. In this way we can periodically check data integrity, and offer rewards to peers maintaining data. We further propose a model for addressing access and performance concerns with a set of independent or federated nodes."
What we don't like:
Even though the payment method is easier than their competitors. The interface is not user friendly. Their main user base is those who are good with technology, unfortunately that's a small part of the market. They’re also in a highly competitive sector of the crypto market. It is unlikely multiple decentralized storage tokens survive in the long run.
What we like:
Storj allows for payment in Fiat directly from their site. Something that competing Blockchain storage platforms do not. Decentralized storage is a promising use of Blockchain technology. The first company to gain mainstream support in the line of companies like dropbox, will be immensely profitable.