Storj Blockchain offers Cost Free Storage Facility for Covid-19 Research April 27, 2020 April 27, 2020 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsApril 27, 2020 by Kelly Cromley

Storj Blockchain offers Cost Free Storage Facility for Covid-19 Research

Storj, which offers decentralized storage facility, has rolled out a program offering free storage to organizations taking part in Covid-19 study.

The program is one among several contributions being made by the cryptocurrency community towards distributed scientific study platform, Folding@Home.

On April 22, Blockchain powered cloud platform, Storj, revealed a program providing free cloud storage to institutions involved in study and aiding them in their battle against the coronavirus pandemic.

Storj’s storage program will offer qualifying institutions with one one terabyte of free cloud storage.

Furthermore, for a year, qualifying applications will also be awarded with a monthly storage of one terabyte on its Tardigrade decentralized cloud platform.

Open source storage facility Storj has set aside nearly five petabytes for data storage aiding Covid-19 research, and is ready to look at additional requests for storage space surpassing one terabyte.

Storj basically offers a decentralized file storage system utilizing file sharding, encryption and blockchain technology in order to save data on a p2p network.

Additionally, to offer financial and material rewards, the cryptocurrency advocates has come together to back the battle against coronavirus by offering computational tools to the distributed study system, Folding@Home (F@H).

F@H was established by a worldwide association of scientific study labs to share computing resources for medical study.

As a response to the coronavirus disease, F@H has unveiled a venture to mimic the molecular structure of coronavirus to assess potential therapy.

At the end of last month, blockchain company Bitfury stated that it had set aside a few of its nodes for supporting F@H’s objective.

Notably, Ethereum (ETH) blockchain miner CoreWeave also set aside 6,000 GPUs to serve the purpose.

Other enterprises such as Tezos (XTZ) and Golem have requested for computation power from crypto community. Nvidia has also requested gamers to contribute unutilized GPU computing power to F@H.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.