Microsoft Azure adds decentralized storage blockchain

Decentralized file storage startup Storj Labs has become the latest blockchain service provider to join Microsoft’s blockchain service.

Storj revealed the news in a blog post today, outlining how it will create a decentralized marketplace for unused disk space, enabling it to be sold and bought with its native cryptocurrency, SJCX.

Founded in 2014, Storj raised some $500,000 worth of bitcoin in a public crowdsale that year.

In March, it was announced that Microsoft had added Augur, BitShares, Lisk and Syscoin to its developing experimental platform.

Microsoft has previously indicated that it does not intend to limit the number of blockchain providers that plan to join the beta version of its blockchain service.

Company officials said a more formal, certified product could be released this spring, and the technology vendors involved are expected to undergo a more rigorous review.