Cryptyk is building crypto powered cloud storage that offers users the first FAST, ultra-secure, private, decentralized file storage platform. Existing blockchain file storage technologies such as Filecoin and Storj are very secure ... but also very slow with access latencies of 10 seconds or more. This is not suitable for the vast majority of todays cloud storage applications that demand real-time performance (ie: access latency < 200 microseconds). The only application that blockchain storage is suitable for is for large file batch back-up which is a relatively small market < $300M / year. While decentralization dramatically improves security and privacy, storing files on the blockchain is simply to slow for most consumer and business markets.