Databloc - The World’s Most Valuable Resource and Protecting World's Data

- April 05, 2019

DataBloc is pretty experienced about data storage. Their software is in development since 2006 and they have offices in Boston, San Diego, Pakistan, Washington DC, and San Francisco. Their 9th generation software has served more than 2000 enterprises like Wells Fargo, Disney etc. Their software is licensed as a SaaS model and presented as a data center productivity solution. So it is safe to say DataBloc team knows what they are doing.

The data storage and services market is over $400 billion and keeps growing every day. 31% of usable data is discarded due to poor management of data storage. Also, security breaches continue to happen. There are 8.4 million data centers worldwide and on average only 50% of a data center's capacity is being utilized.

Advantages and features

In addition to smart contracts, StoneFusion also uses advanced "elastic" data hashing algorithms to provide a high level of protection. This elasticity is able to provide a more reliable data transmission system, as well as provide a seamless method of storage, using additional blocks in the blockchain network. Complements all this coding algorithm (reed-Solomon Erasure), which accompanies all types of data on all nodes and protects them from hacking.

The details of the ICO

As a unit of interaction, StoneFusion will use its token utility - STONE, which will interact directly with DataBloc and other companies. The use of STONE tokens is needed more as a link to produce transparent transactions between corporate clients and their users. After all, each STONE is backed by a smart contract, which means that each transaction is completely reliable, transparent and safe. The system will also offer royalty block (RBC) with which users will be able to earn up to 10% of the profits from the use of the DataBloc platform.

In total, the system will issue 200 million stone coins, with an initial value of 0.5 USD. During the pre-sale period, discounts of up to 40% will be available for each coin. At the end of its ICO, the developers intend to collect Hard Cap in the amount of $ 100 million.