Both Dropbox and Google Drive are extremely popular cloud storage solutions, but they both suffer from a number of drawbacks that makes them less than ideal for business and enterprise solutions, namely the lack of privacy that these platforms offer.
The blockchain ecosystem, founded on user privacy, is the ideal environment in which to create an alternative to these popular but flawed platforms. A new initial coin offering is aiming to do just that by creating a not-for-profit document storage and sharing service based on the blockchain.
Geens is a new cloud storage platform that aims to deliver both encrypted data storage and blockchain timestamping services. In this article, we’ll take a look at the Geens platform and find out what it offers, as well as examine the Geens ICO, to help you determine whether it’s worth investing in.
What is Geens?
Geens is a privately focused blockchain based timestamping office that is currently running an initial coin offering. The Geens platform offers two different services- encrypted document storage, and blockchain timestamping services.
Geens encrypted document storage is the backbone of the Geens platform, and is intended to function as an equivalent to Google Drive or Dropbox, with one key point of difference- dramatically improved user privacy.
The Geens document storage service offers end-to-end encryption that ensures unencrypted data never leaves the device of the user. Data is first encrypted on the device of the user, then transmitted to the Geens cloud storage server. This process offers extremely high security standards that makes it virtually impossible for hackers to intercept and decrypt user data.
The Geens document storage service boasts an intuitive, simple user interface that uses a floating cards system that makes it possible for users to work on their documents directly on Geens. The second service offered by Geens is their blockchain time-stamping service, which is powered by the Ethereum blockchain.
Geens users are able to timestamp their documents without revealing either their identities or the contents of their documents, and can be used to protect intellectual property, ideas, or patents. Signing documents via the Geens time-stamping service makes it possible to establish virtual ID’s, acknowledge ownership, or confirm date-specific signing.
The Geens organization is a nonprofit, and is supervised by an ethical committee under international law. For business applications, Geens offers GDPR compliant data protection, privacy oriented APIs and tool-sets, and customization features.
The Geens ICO
The Geens ICO is currently underway, and is offering native Geens tokens, called GEE, at a price of 0.00067 ETH. The ICO will operate in four tiers, with a decreasing discount that begins at 26.8% in tier one then moves to 18.3% in tier 2. Tier 3 offers a 9.8% discount, while the final tier is set with no discount at 0.00082 ETH for one GEE token.
The Geens ICO Verdict
As a non-profit organization, Geens is offering a simple and elegant solution to the issue of cloud storage user privacy without added or unnecessary bells and whistles. If you’re looking for an upfront, honest, and reliable privacy-focused cloud storage solution, Geens is definitely worth investing in.