Axel: New Decentralized P2P Marketplace for Digital Contents

In a world where there is increasing demand for data by big corporations and companies who process it to fine tune their products and services, the invasion into personal space is at an all times high. The recent Facebook scandal and EU’s personal data protection law, the GDPR are direct results of data demand. Not only Facebook, but also, other companies such as Google are actively participating in collecting user data and sell it to parties in need of it. The value of the data is so much that these big corporations are actually profiting from it, even after offering free services to unsuspecting users.

For corporations like these, users submit personal data about themselves as an incomplete bio would not let them climb the social ladder, but what about those services that we use willingly? Where data uploaded is more than just our bio or our likes and dislikes? The data is essential for us and we willingly upload, thinking that the data is safe, yet is totally under the control of the service provider, and the company can collect, analyze and use the data as it sees fit.

Cloud Services And Their Importance In Our Daily Life

Nearly all of us owns at least two internet enabled devices: a mobile and either a laptop/PC or a tablet. Synchronizing files can be a bit difficult, especially if the files are large ones like pictures. The solution is usually to use a cloud storage service. This means that all your files are stored on a remote server, readily accessible and when you make change in any document or file from one device, the storage software automatically makes changes in all other devices that have the file downloaded in.

At first look, this seems the best solution for an ordinary user. Save files in one device, have it auto synced to others and have them readily available at any time of the day. Yet, there are a few major drawbacks that are often, with catastrophic results:

  • Primary Record: The file stored on the cloud services is the primary record. If the service were to go down or a major issue caused erasure, the files on the devices will also be affected.
  • Security: The files are not usually encrypted, meaning anyone with a bit of computer knowledge can access them.
  • Costly: Free versions of cloud storage have little storage capacity, with the premium versions often being too expensive.
  • Data Rights: The End User License Agreement often states (in cryptic terms) that the service provider has rights to access the data (in one way or another) and since users agree to it, the provider can read and analyze it for its own purposes.

Axel, Blockchain Cloud Storage

Formarly called the StoAmigo (your storage friend); Axel is a cloud storage platform that has been providing services since 2012. The company always had a vision that put customer privacy protection at the forefront of their business. Now, the company has evolved itself by adapting to the latest privacy protection technology out there: Blockchain.

Rechristened as Axel, the cloud service now offers the best in the sector:

  • Security: The data stored on the cloud uses the famous military grade equivalent cryptography, HAS 256. The encryption methodology is one of the most toughest and robust available today.
  • Decentralized Record: Blockchain is all about storing data on multiple, independent nodes and servers, making it impossible to lose data if one or even more than one servers fail.
  • Always Online: With multiple servers, statistically, there will always be one online to provide services.
  • Cheap: With peer-to-peer technology, the transferring and storage services are very cheap when compared to large central servers.
  • Rights: Blockchain’s basic philosophy is giving power back to the people. With Axel using blockchain technology, users can be assured that their files and data are not being accessed by Axel, or any other party and their privacy is secured.

Monetization Through Axel Token

Files and other data, which user intends to sell, has been made easy with the Axel Token. Anyone can open an account on the Axel platform free of charge, upload files and making files searchable and available for sale.

With the global access to the platform, the potential customer market is huge. The best part is, a user can sell any digital content. A blog, a photo or even a video. The Axel Token makes earning very easy and fast. There are no middlemen such as banks and other financial channels that delay and eat into your profits. The tokens are sent directly from the buyer to the seller, with a small fee to cover for the expenses of noting down the transaction in the ledgers.

Unlike most blockchain platforms that still a proof of concept, in beta stage or simply boasting what their services can do, Axel is live and has millions of users, with a 4.4 rating from 3 million app users in Android in just one year alone.

Visit the website: for more information.

Updated: July 2, 2018 — 5:01 pm
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