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Category Archives: Storj Labs Updates

Genaro and Storj Labs Announce Collaboration and Product Integration

San Francisco – Nov. 18, 2017: Genaro Network, a global blockchain project based in Singapore and built around the first Turing-complete public chain with decentralized storage network, today announced a partnership and product integration with Storj Labs, a decentralized cloud storage platform that leverages a peer-to-peer network to store and secure data. The Storj platform has been tested with enterprise-scale clients and enables the effective delivery of any digital asset while ensuring data remains private. Through this partnership, Genaro will integrate its platform with Storj Labs to provide decentralized cloud storage services throughout China.
 
This partnership marks a strategic milestone for both parties that will enable businesses and individual users to enjoy a seamless decentralized cloud storage experience, powered by blockchain technology. The integrated solution will leverage encryption and other security features to ensure data stored on the network remains private and cannot be accessed by anyone besides the file owner.
 
“We at Genaro are excited to join forces with Storj Labs and leverage their expertise and platform to provide decentralized cloud storage in partnership for developers and users,”  said Andrea Liu, cofounder at Genaro. “Beyond the clear security and data storage benefits, this partnership adds another unique perspective, a joining of Asian and western mindset in developing blockchain infrastructure.”
 
“The joining of these two companies will deliver powerful capabilities and incentives to their joint users,” said Bo Shen, founder of Fenbushi Capital and strategic advisor to both Storj Labs and Genaro Network. “This integration will grow the adoption of both companies’ technologies, leveraging one another’s marketing and business development programs to expand the network of nodes. As the adoption of decentralized storage platforms grow, Storj Labs and Genaro will be positioned as the largest joint network with broad global coverage in the major data hubs of the world.”
 
“Our integration with Storj  will accelerate our Eden development, create an opportunity to build a  hybrid solution between both companies, and provide an avenue to explore the options of node-sharing of API Users,” said Waylon Wu, chief technology officer at Genaro. “By leveraging the expertise of great partners like Storj, we can bring the benefits of blockchain technologies to a wider audience, especially in China.”
 
“Our team is pleased to join forces with Genaro and we look forward to leveraging their expertise in China and beyond, “said John Quinn, cofounder and chief revenue officer at Storj Labs. “Our community has grown at breakneck pace and Genaro will help us continue that momentum. As companies in China look for distributed storage solutions, Genaro will help us meet their needs and grow our joint presence.”
 
Resources:
  • Genaro Token Sales (Ticker: GNX) kicked off on November 17.  
About Storj:
 
Storj Labs provides decentralized cloud storage and gives users more control over their devices and data,  providing an open-source cloud platform: Storj. The company aims to become the largest, most innovative, cost effective, and high performance cloud storage provider by utilizing spare hard drive space shared by its community members.
 
About Genaro Network



Genaro Network is the first blockchain 3.0 ecosystem built on a Turing-complete public chain with decentralized storage, providing blockchain developers a one-stop solution to deploy smart contracts and store data simultaneously. Meanwhile, Genaro provides everyone with a trustworthy internet and a sharing community. As the creator behind the blockchain 3.0 concept, Genaro aims to contribute to blockchain infrastructure technology development. Through the Genaro Hub and Accelerator, we aim to foster thousands of DAPPS, to move applications from “Cloud” to “Blockchain” and thereby create a global blockchain ecosystem.

Livestreaming Pioneer YouNow Doubles Down on Decentralization with Storj Labs Partnership

NEW YORK – November 14, 2017 – YouNow, the global video platform that pioneered mobile live streaming, today announced a partnership with Storj Labs, the leading decentralized cloud storage provider, to further align the PROPS by YouNow ecosystem with the decentralized community. YouNow recently announced the PROPS Ecosystem, a group of media applications powered by a new cryptocurrency, PROPS. Storj will provide decentralized cloud storage services for terabytes of video files generated from YouNow’s 40 million registered users.     

YouNow joins the droves of data-rich organizations engaging with alternative storage solutions to further secure valuable data. Storj, a solution that encrypts, shreds, and distributes data shards across a global network of nodes, will provide an additional layer of security for PROPS content. Storj’s vast decentralized network deters security breaches, ensuring PROPS and YouNow users are able to safely engage in an elevated livestreaming and content sharing experience.

YouNow CEO Adi Sideman said, “Our partnership with Storj marks the commencement of our path to decentralize as much of the PROPS technology stack as practically makes sense, provided good performance, scalability needs and costs efficiencies are superior. We expect a long term partnership between our mass market blockchain-powered platforms, PROPS and Storj.”

“One of the biggest benefits to decentralization is it empowers users by giving them control of the content and data they create, which is at the heart of YouNow’s mission,” said John Quinn, Storj Labs co-founder and chief revenue officer. “YouNow is a true innovator and breakthrough pioneer in the livestreaming revolution; their unique technology will take the mobile video experience to another level and we look forward to supporting them in their adoption of blockchain technology.”

Developers, including Storj’s own community, will be able to share in the launch and population of the PROPS ecosystem by building apps on PROPS. This partnership signals YouNow’s commitment to providing a secure and decentralized canvas for custom use cases by leveraging the Storj network’s inherent security benefits over legacy solutions. The first application hosted on the PROPS Ecosystem, Rize, will elevate the mobile video experience and be available for download upon Token Distribution to the public.

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About YouNow:

YouNow is a live social network that enables audiences and creators to connect in real time, and is devoted to the unlimited potential of human creativity. The interactive entertainment platform has over 40 million registered users and 60,000 transactions per day in its digital goods economy. YouNow is committed to creating a community that is a safe place where people can meet, get together and connect. YouNow is backed by Union Square Ventures, Venrock, Ze’ev Ventures and Comcast Ventures.

About PROPS:

The PROPS Ecosystem, governed by a non-profit foundation, is built on the mission of creating a decentralized model for digital media that uses blockchain technology to fairly reward the contributors that power the network. PROPS will be hosted on the Ethereum blockchain and serve as the base utility token for applications within the ecosystem, granting users access to features and content, ability to promote content and signal status within the community, among other uses. Third party application developers, content creators, publishers and end-users will be incentivized to participate in the Ecosystem by earning PROPS.

About Storj:

Storj Labs provides decentralized cloud storage and gives users more control over their devices and data  providing an open-source cloud platform: Storj. The company aims to become the largest, most innovative, cost effective, and high performance cloud storage provider by utilizing spare hard drive space provided by its community members.