Storj Blog

A few months ago, I had the opportunity to attend a presentation by Storj Labs Cofounder Shawn Wilkinson at Coinbase’s headquarters in San Francisco. Shawn was presenting to Coinbase’s People of Color Employee Resource Group (ERG), which supports people of color in the blockchain and decentralization areas, both internally at Coinbase as well as externally within the broader industry. In his presentation Shawn shared a bit about the success Storj has seen, an overview of our V3 rebuild, background on our Open Source Partner Program, and how decentralized cloud storage platform has the ability to change technology for the better.
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All I want for Christmas is a… decentralized object storage network, and that’s not something you can find on Amazon so we are working hard to make that happen! Our next major milestone is the Explorer release, which is scheduled to be released in Q1 of 2019, so we have shifted our focus around everything we need to hit that deadline, polishing our current functionality and squashing bugs. Recent development accomplishments:
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Suppose you want to take a unique and disruptive approach to cloud storage and launch a new product into the established market. Where do you start? Sure, you want to be half the price of the most dominant provider. You’ll also want to be just as reliable, as well as faster and much more secure. But once you’ve checked all those boxes, what’s really going to move the needle in terms of adoption? As it turns out, it’s not more differentiation. It’s compatibility. As such, compatibility was a huge priority for us as we planned the build-out of our new decentralized cloud storage network.

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Since Storj’s humble inception at the Texas Bitcoin Hackathon four years ago - you know, the one where our cofounder Shawn Wilkinson and his first Storj prototype won the main prize - our team has been through a lot. Our community has exploded, we released our production network and announced plans to pivot to a new platform that could better scale to support exabytes of data. Part of this pivot involves releasing the architecture of this new platform.
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A debate in the open source community recently erupted when Redis created a new licensing clause called the Common Clause to address its revenue dilemma. At the crux of the debate was whether or not current open source revenue models are sustainable in the cloud era and if new licensing could solve the problem. Some argued that increasing license complexity would reduce open source adoption, while others said that open source companies and projects were being abused by the massive cloud providers and Redis’ approach was a pragmatic solution.
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