Market.space debuts decentralized data storage platform in bid to reinvent content delivery and hosting



Market.space announced on Tuesday its latest initiative to build a decentralized marketplace for cloud storage providers based on the blockchain technology.

Market.space aims to become a state-of-the-art solution for professionals and consumers, governed in a decentralized, transparent and accountable manner. Within the marketplace, cloud providers will be able to list and sell their services directly to customers.

In turn, consumers will be offered enterprise-grade support and flexible pricing options. Using blockchain, smart contracts and risk management measures such as insurance deposits, Market.space will make cloud services more efficient, trim costs and ensure seamless customer experience on all fronts.

“Centralized and decentralized cloud services should coexist to serve different needs. The latter will offer prodigious scalability, together with more rigorous security measures to address cyber threats and social engineering risks. Market.space will adopt blockchain to provide unprecedented fault tolerance, ensure 24/7 data availability, offer anonymity protection and visionary copyright management features,” – says Alexander Rakhmanov, Market.space founder and CEO.

“To date, online storage and file management startups have raised up to $500m, garnered strong industry support and audience buzz. These, we believe, are key indicators of an ongoing disruption in the field,” – added Alexander Rakhmanov.

According to Gartner, the global public cloud services market is expected to reach US$411 billion total revenue by 2020, with the highest revenue growth coming from infrastructure-as-a-service.

To raise funds for the venture, Market.space will conduct an ICO. The fundraiser will commence on Mar. 15, 2018 and end on Apr. 26, 2018. By design, the Market.space will be a zero knowledge system deprived of the ability to read the information and influence pricing.

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