msrivinay / fsmp

Decentralized File Storage Marketplace

Main purpose of the system is to provide public, decentralized and secure disk space renting platform. The principle is free market between Data Owners (DO), who need disk space to store/backup private data, and Disk Space Owners (DSO), who provide disks for that purpose.

File Storage Marketplace is absolutely decentralized unlike traditional cloud storages. There is no single party, who controls DO and DSO cooperation in any possible aspect.

There is no authority, who is physically able to do the following

• Access your data
• Steal your payments
• Change cooperation/payment logic
• Switch you off the system

Data Owner data is securely encrypted by his/her encryption key and redundantly stored between different Data Storage Owners. Data Owner makes incentive for Data Storage Owners by his/her cryptocurrency payments through Smart Contract of public blockchains. Our first (but not the only) public blockchain and cryptocurrency option is Ethereum platform.

System concept schema

Process flow diagram