Sia in Boston and Austrian Minebox Collaborate

Sia, a Boston, MA-based subsidiary of Nebulous Inc., announced their collaboration with Austria-based storage device maker Minebox IT Services GmbH to provide people with a more secure decentralized cloud storage option.

Minebox NAS

“Sia wants to provide consumers and businesses with the perfect storage solution, the one-stop shop for their files, and act as a personal cloud that will keep files secure and in their control,” said David Vorick, CEO, and co-founder, Sia. “We have taken the power of the blockchain and combined it with file storage, proving the same benefits for files that were previously given to money – no relying on humans, no terms of service, no single points of failure. A true upgrade to how we keep our files.”

Minebox first product, the Minebox NAS, is designed to integrate with Sia’s platform fully.

“To create such a solution we had to make the backup process very elegant and we need to distribute the data across several nodes,” said Vlado Patrushev, CEO, and founder, Minebox. “Similar solutions to Minebox exist, and they can be useful, but if the device physically fails, you’re done. We want to avoid solutions for backup, where the user is not in control. After evaluation of the existing peer-to-peer networks, we saw the architecture of Sia as very elegant, user-friendly and with healthy fundamentals.”

The collaboration with Sia gives Minebox an advantage over competitors by allowing users to share unused space to earn cryptocurrencies and choose where their files are backed up in more than one place offsite.

Sia is a blockchain based decentralized cloud storage platform that provides users with increased security and privacy at competitive prices. Since its June 2016 launch, tens of thousands of storage contracts have been executed on Sia’s platform.

Minebox is building storage, archiving and backup solutions using NAS computers, blockchain technology, peer to peer networks, public-key cryptography, and open-source, decentralized storage systems. Minebox NAS, the first product from Minebox IT Solutions GmbH, is a storage box that connects to peer-to-peer cloud storage network powered and secured by a blockchain.