Instacart, Uber, Lyft, Airbnb, Pinterest, Twitter, Snapchat, WhatsApp, Google, Dropbox, Slack, eBay, Slackware, Google Drive, and other popular file-sharing services are now tokenizing themselves with a new token, called Tokenize.
The company, based in New York, has already raised a total of $1 million, and has plans to raise even more, as the company looks to expand to new territories, including the US, Brazil, and India.
Its goal is to launch Tokenize as a standalone app in the next few months, and plans to work with companies and token holders to develop it into an open-source platform for sharing, storing, and transferring files.
“The goal is not just to create a tokenized file-share platform,” said the company in a blog post.
“We are also working to create an open source platform that makes it easy to share, store, and transfer files.
Our goal is that Tokenize becomes the open source file sharing platform that the world needs, not the file sharing platforms of today.”
While most file- sharing platforms rely on centralized servers to process files, Tokenize is built to take advantage of the distributed nature of file-shares, and is based on a peer-to-peer protocol, meaning anyone can use it to send files to others.
The service uses blockchain technology to create its own decentralized ledger, where data is kept transparent, and where each member of the network can view the entire ledger, and can add new transactions.
Tokenize’s service uses a similar approach to file-syncing services such as Dropbox, but uses an API that allows anyone to create and access file-sync apps.
Tokenize is one of a growing number of companies using blockchain to make file-storage and sharing services more accessible, transparent, secure, and easy to use.
The company has partnered with companies such as Bitpay, Blockchain.info, BitMEX, Bitpay Inc., and BitTorrent Inc., among others, and recently partnered with the Ethereum Foundation to enable file-transfer services on the Ethereum blockchain.
Its creators believe that the decentralized nature of FileShare and other file-exchange apps will help bring more of the world’s file sharing apps to the Ethereum network, allowing more people to benefit from them.
“We think that a decentralized file-hosting platform like FileShare can benefit from a decentralized storage system like Ethereum,” the company said in a statement.
“The blockchain and the distributed ledger are a perfect fit for this.”
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