Thanks for the reply, I heard about Storj as well...

Storj - a decentralized, end-to-end encrypted cloud storage that uses blockchain technology and cryptography to secure your files.
Users act as decentralized cloud nodes essentially.
https://storj.io/index.html

Siacoin - a decentralized cloud storage platform that uses a blockchain to facilitate payments. You can rent storage, get paid host files, mine Siacon, or contribute to the project.
http://sia.tech/faq/

I am interested in how the community feels about each project. The two projects seem very similar. What are the pros and cons of each?