bitcoin's blockchain technology as the basis for cloud storage

[pdawg]

"A startup named Storj.io has hatched one such idea: use the blockchain, or the ledger of bitcoin transactions distributed across computers that interact with bitcoin's network, as a way to denote where files are stored in participating servers on the network. The files themselves are public-key encrypted before being inserted into the network....."

http://www.infoworld.com/t/encryption/bitcoin-finally-pays-in-secure-cloud-storage-240386