NEO Announces 'NeoFS' Distributed File Storage, Competing with DropBox and Amazon S3

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On Nov. 30th, NEO announced-in collaboration with NSPCC-that they are developing a distributed file storage system that would work as a "Cornerstone" of the NEO platform.

In an article from NEO News Today , at the Nov. 30th NEO meetup held in St. Petersburg, the NEO St. Petersburg Competence Center officially revealed the details of NEO's upcoming distributed file storage feature.

Details on NeoFS. Distributed storage is a critical element of online software and web services, and is vital to attracting enterprise-level and open-source developers to build on the NEO platform.

The under-development system would allow users to leverage distributed storage for both private and public dApps built on NEO. The move is targeting those concerned with their privacy.

When launched, storage will be available for purchase using GAS, a resource generated from NEO tokens over time.

Background on NSPCC. NSPCC is a research and development company formed to support the NEO core ecosystem.

NSPCC is the first candidate for developing NeoFS. According to NEO, distributed file storage is a "Cornerstone" to its blockchain.

NSPCC has the full support of NEO Global Development, an organization founded by the NEO Foundation for the execution and development of the NEO platform.

The implementation of a distributed data storage solution would be a huge stride for the NEO platform.

That said, perhaps the expertise and execution of the NEO team could give Amazon and Dropbox something to worry about.

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