Original article reference: https://medium.com/coveidentity/how-cove-differs-from-the-alternatives-7b7b3fc2b7d2
After we announced our impending token sale, many people responded by asking us
what the difference is between Cove and similar products in the market. This is
totally understandable as it helps the community place us as a product. I tried
to respond to these queries in a previous blog post which spoke about our
offering in more detail
and didn’t mention any of the similar products out there, showing them the
respect they deserve. But some of the community are still asking questions so
we’re going to attempt to do a more direct comparison. We are not saying we are
better, that’s up to the market to decide, we are just trying to explain where
we are different to similar product.
The simplest way to define Cove’s positioning in the market is that we are the
first company (that we know of) to combine zero-knowledge cloud storage with
self-sovereign identity to give users full control of their online identity.
Cove combines zero-knowledge cloud storage with self-sovereign identity to give
users full control of their online identity
Cove follows 4 key processes to achieve this: effortless digitization,
unbeatable encrypted storage (ensuring full privacy), safe sharing and
aggregated validations. Some of these processes exist in the app right now, some
are on the roadmap for development in the near future. Let’s compare these to
similar products out there:
Secure Storage and Sharing
DropboxA file storage and syncing app that has created massive utility for
people for larger files storage and sharing. Cloud storage is a really big
space, Dropbox is a $10bn company despite being in the presence of Google Drive.
We think there is a lot of potential in the fledgling zero-knowledge segment of
this space.
So Dropbox are strong on storage and sharing but don’t offer full privacy,
encrypted file storage, secure sharing or aggregated validations yet.
Google DriveSuper convenient to use as a cloud based hard drive, well
integrated with Gmail and other Google apps and pretty much the standard for
file sharing and storage
Privacy and zero-knowledge file storage are a major challenge for Google Drive,
they will never be able to compete here as their business model relies on having
access to your data.
Storj
The next generation of decentralised storage, Storj shreds
encrypting files across peer storage devices. Its a brilliant and scalable
concept that we admire and enjoyed a well-funded ICO.
While Storj is a great storage solution, they haven’t shown any signs of
entering the validation space yet.
Authentication apps
Google and Facebook let you sign in to several websites without creating the
logins there.
Of course the challenge here is that they are both hungry to monetise your data
so they can see it all.
**Civic **Civic is another great ICO-funded company that we have a lot of
respect for. They raised the standards for running an ICO and have a really good
product. Civic is a secure identity platform that helps individuals and
companies protect against ID theft. The platform also allows users to login to
several website without creating logins there. We expect to see some big
developments from Civic as they expand their features and business partner
network.
Civic is possibly the leader in identity management / self-sovereign identity
and will be exploring decentralized storage options with IPFS in the future.
We respect all of the players mentioned above here and look forward to growing
with them and learning from each other. A lot of the digitization and storage
features we mentioned in the beginning are available on the Cove app so if you’d
like to try it out, please download it from either the iOS or Android app stores.
Pre-registration is now open for our pre-sale. You can register on our
token sale website.
Original article reference: https://medium.com/coveidentity/how-cove-differs-from-the-alternatives-7b7b3fc2b7d2
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