CORRECTING and REPLACING Decentralized Data Storage Platform, Market.space, Aims to Reinvent Content Delivery and Hosting

Market.space – a next-generation hosting company – will develop a blockchain-based marketplace for cloud services and offer visionary content distribution tools

Alexander Rakhmanov, Market.space founder and CEO (Photo: Business Wire)

CORRECTION…by Market.space

MOSCOW--()--In the fifth paragraph of the release dated March 27, 2018, the fundraiser dates should be "commence on April 16, 2018 and end on May 27, 2018" (instead of "commence on March 15, 2018 and end on April 26, 2018")

The corrected release reads:

DECENTRALIZED DATA STORAGE PLATFORM, MARKET.SPACE, AIMS TO REINVENT CONTENT DELIVERY AND HOSTING

Market.space – a next-generation hosting company – will develop a blockchain-based marketplace for cloud services and offer visionary content distribution tools

Market.space, a specialist in data storage solutions, today has announced the initiative to build a decentralized marketplace for cloud storage providers based on the blockchain technology. According to Gartner, the global public cloud services market is expected to reach $411b total revenue by 2020, with the highest revenue growth coming from infrastructure-as-a-service.

“Centralized and decentralized cloud services should coexist to serve different needs. The latter will offer prodigious scalability, together with more rigorous security measures to address cyber threats and social engineering risks. Market.space will adopt blockchain to provide unprecedented fault tolerance, ensure 24/7 data availability, offer anonymity protection and visionary copyright management features,” – says Alexander Rakhmanov, Market.space founder and CEO.

Market.space aims to become a state-of-the-art solution for professionals and consumers, governed in a decentralized, transparent and accountable manner. Within the marketplace, cloud providers will be able to list and sell their services directly to customers. In turn, consumers will be offered enterprise-grade support and flexible pricing options. Using blockchain, smart contracts and risk management measures such as insurance deposits, Market.space will make cloud services more efficient, trim costs and ensure seamless customer experience on all fronts.

“To date, online storage and file management startups have raised up to $500m, garnered strong industry support and audience buzz. These, we believe, are key indicators of an ongoing disruption in the field,” – added Alexander Rakhmanov.

To raise funds for the venture, Market.space will conduct an ICO. The fundraiser will commence on April 16, 2018 and end on May 27, 2018. By design, the Market.space will be a zero knowledge system deprived of the ability to read the information and influence pricing.

For more information, visit http://market.space/

About Market.space

Market.space is a next-generation hosting company – it boasts years of experience in cloud infrastructure, hosting, blockchain and distributed ledger technology. Founders and leaders of the company believe that the marketplace model, fused with the blockchain technology, will offer the most competitive solution and pricing in the market, both for cloud providers and consumers of online storage services.

Contacts

Katalis Digital on behalf of Market.space
Mun Shing Cheong, +852 6712 2863
pr@katalisdigital.com

Contacts

Katalis Digital on behalf of Market.space
Mun Shing Cheong, +852 6712 2863
pr@katalisdigital.com