At DePIN Day Singapore, Murphy John, Chief Ecosystem Growth Officer of StorX Network, took the stage to challenge one of the biggest monopolies in tech — the global cloud storage market.
Today, just three corporations control over 75% of the world’s stored data. That dominance, Murphy argued, creates not only a single point of failure but also a dangerous erosion of privacy and trust.
The Problem: Centralized Clouds, Fragile Privacy
Every minute, the world creates terabytes of new data — videos, photos, business files, and personal documents.
But while our data volume explodes, the infrastructure storing it remains highly centralized.
When a handful of providers host the world’s information, a single system failure, data breach, or government request can expose billions of users.
“Your files are visible,” Murphy noted. “And if someone can see your data, they can use it.”
The StorX Solution: Distributed, Encrypted, Unbreakable
StorX is positioning itself as a decentralized, privacy-first alternative to traditional clouds.
Its model flips the storage paradigm: data never sits in one place.
Here’s how it works:
- Files are encrypted locally on the user’s device using a private key known only to them.
- Each file is then split into thousands of fragments, with multiple encrypted copies generated for redundancy.
- Those fragments are distributed across more than 3,000 independent storage nodes hosted in global data centers.
This architecture makes it virtually impossible for hackers or even StorX itself to access or reconstruct data without the user’s key.
“Even if one node is compromised, all an attacker gets is an encrypted fragment,” Murphy explained.
“They’d need to piece together the entire map and the private key to make sense of it. That’s practically impossible.
Privacy and Usability
Despite the heavy tech underpinnings, StorX keeps the user experience familiar and simple.
Anyone can log in using Google or LinkedIn credentials — the platform itself doesn’t store passwords or keys.
StorX also integrates with over 60 third-party tools, including Google Workspace, allowing users to automatically back up emails, Docs, and photos to decentralized storage.It supports Kubernetes and WordPress workloads as well, extending decentralized security to business infrastructure.
Enterprise Use Case: Data Without the Egress Trap
One of StorX’s standout case studies comes from a Canadian IoT provider with thousands of connected devices across factories, hospitals, and ships. The company faced massive egress fees from hyperscalers — the cost of transferring data in and out of centralized clouds.
With StorX, it achieved zero egress fees, resilient redundancy, and cost savings that made its business model viable again.
“They win, their customers win, and we win,” Murphy summarized.
Network by the Numbers
- 10,000+ users
- 3,000+ node operators (all running in professional data centers)
- 5 petabytes of deployed storage
- Listed on Bitrue, BingX, BitMart, Coinsbit
- Partnerships with DePIN Hub and DePIN Union
A New Model for Data Ownership
StorX’s message cuts through clearly: data privacy is an architectural choice. By decentralizing not just access but the very structure of storage, the network offers a level of security and autonomy no centralized service can match.
“We don’t control your keys. We don’t control your data. And that’s the point,” Murphy concluded.
