Genaro and Storj Labs Announce Collaboration and Product Integration

SAN FRANCISCO, Nov. 17, 2017 /PRNewswire/ -- Genaro Network, a global blockchain project based in Singapore and built around the first Turing-complete public chain with decentralized storage network, today announced a partnership and product integration with Storj Labs, a decentralized cloud storage platform that leverages a peer-to-peer network to store and secure data. The Storj platform has been tested with enterprise-scale clients and enables the effective delivery of any digital asset while ensuring data remains private. Through this partnership, Genaro will integrate its platform with Storj Labs to provide decentralized cloud storage services throughout China.

This partnership marks a strategic milestone for both parties that will enable businesses and individual users to enjoy a seamless decentralized cloud storage experience, powered by blockchain technology. The integrated solution will leverage encryption and other security features to ensure data stored on the network remains private and cannot be accessed by anyone besides the file owner.

"We at Genaro are excited to join forces with Storj Labs and leverage their expertise and platform to provide decentralized cloud storage in partnership for developers and users," said Andrea Liu, cofounder at Genaro. "Beyond the clear security and data storage benefits, this partnership adds another unique perspective, a joining of Asian and western mindset in developing blockchain infrastructure."

"The joining of these two companies will deliver powerful capabilities and incentives to their joint users," said Bo Shen, founder of Fenbushi Capital and strategic advisor to both Storj Labs and Genaro Network. "This integration will grow the adoption of both companies' technologies, leveraging one another's marketing and business development programs to expand the network of nodes. As the adoption of decentralized storage platforms grow, Storj Labs and Genaro will be positioned as the largest joint network with broad global coverage in the major data hubs of the world."

"Our integration with Storj  will accelerate our Eden development, create an opportunity to build a  hybrid solution between both companies, and provide an avenue to explore the options of node-sharing of API Users," said Waylon Wu, chief technology officer at Genaro. "By leveraging the expertise of great partners like Storj, we can bring the benefits of blockchain technologies to a wider audience, especially in China."

"Our team is pleased to join forces with Genaro and we look forward to leveraging their expertise in China and beyond," said John Quinn, cofounder and chief revenue officer at Storj Labs. "Our community has grown at breakneck pace and Genaro will help us continue that momentum. As companies in China look for distributed storage solutions, Genaro will help us meet their needs and grow our joint presence."

Resources:

• Genaro Token Sales (Ticker: GNX) kicks off November 17. 
• Anyone interested in learning more about the GNX Token Sale and Genaro Network can visit website: https://genaro.network.
• To learn more about Storj Labs, see storj.io, start uploading files with the FileZilla integration or download Storj Share to share your unused hard drive space in exchange for STORJ tokens.

About Storj:
Storj Labs provides decentralized cloud storage and gives users more control over their devices and data, providing an open-source cloud platform: Storj. The company aims to become the largest, most innovative, cost effective, and high performance cloud storage provider by utilizing spare hard drive space shared by its community members.

About Genaro Network
Genaro Network is the first blockchain 3.0 ecosystem built on a Turing-complete public chain with decentralized storage, providing blockchain developers a one-stop solution to deploy smart contracts and store data simultaneously. Meanwhile, Genaro provides everyone with a trustworthy internet and a sharing community. As the creator behind the blockchain 3.0 concept, Genaro aims to contribute to blockchain infrastructure technology development. Through the Genaro Hub and Accelerator, we aim to foster thousands of DAPPS, to move applications from "Cloud" to "Blockchain" and thereby create a global blockchain ecosystem.

Media Contacts:
Dan Sorensen
Storj Labs
press@storj.io

SOURCE Storj Labs