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NEO's distributed file storage NeoFS

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In November NEO in partnership with NSPCC announced that they are in the process of creating a distributed file storage system (NeoFS), that would function as the cornerstone of the NEO platform. With this new system, users will be allowed to take back the control of their data and will be user friendly just like Amazon S3 and Dropbox.

 

More Information on NeoFS

Distributed storage is regarded as a vital element of web services as well as online software, and it is very important in attracting open-source and enterprise-level developers to build on the NEO platform. The move is specially for those having privacy concerns. As said in NeoFS's promotional video: "Often enough the server [that stores your data] is owned by a big company, and that company becomes an owner of your files…. They can take a peek at what you share to sell you something or to tell you something. So, why not take back control with NeoFS."

The system has been designed to compete with Dropbox and Amazon, describing it as "…easy to use as Dropbox, or if you're a developer, Amazon S3.”"

After its launch, the storage will be available for purchase, making use of GAS (CGAS NEP-5), which is a resource generated from NEO tokens over time. Meanwhile, users of data will not be required to pay to access the data stored on NeoFS. There’s a possibility of including their payment options, including Fiat.

 

Brief description of NSPCC

NSPCC is a research and development company that is majorly focused on supporting the NEO core ecosystem. City of Zion (an independent group of developers), largely drives the NSPCC. Some influential personalities behind the NSPCC includes Fabian Wahle (co-founder of the Neon exchange) and some engineers from RACIB – Russian Association of Cryptoindustry and blockchain.

 

The developers of the platform started work on the Q4 2018. Between January to March 2019, the development of the platform's core was done, while the development of its major features will take place between April to June 2019.

The NEO Platform will experience significant progress if it finally implements its distributed data storage solution. In addition, Dropbox and Amazon have the NEO team to worry about, due to the team’s expertise and execution.

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