With an estimated valuation of around US$10 billion, Dropbox’s rise to fame was a direct result of some key strategies, but can the blockchain help the popular storage service achieve even greater success?
Many have questioned why the relatively young company, founded in just 2008, has skyrocketed to become a household name with over 300 million users. It is estimated to be worth anywhere from US$4 billion dollars, with Forbes magazine and other major outlets estimating the figure at closer to US$10 billion.
In either case, Dropbox has seen some impressive growth and, in January 2014, the company successfully raised US $250 million from investors. With the file storage market is only expected to grow as we continue to plough forward through the information age, Markets and Markets estimates that the public and private cloud storage industry will be worth US$56.57 billion by 2019.
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