Verizon has entered the cloud computing arena. In a recent blog post, written by Chief Technology Officer John Considine, the company announced its new and revolutionary cloud-based storage service. It took two years to develop, and is an infrastructure-as-a-service platform as well as a cloud-based storage service.

Considine explains, “Verizon Cloud has two main components: Verizon Cloud Compute and Verizon Cloud Storage. Verizon Cloud Compute is the IaaS platform. Verizon Cloud Storage is an object-based storage service.”

The company claims that their Cloud Storage will “overcome latency” problems, something that has hurt other storage offerings. In so doing, Verizon Cloud Storage will offer better performance. Plus, it comes at a reasonable price.

This is seen as a revolutionizing move in the cloud industry.

We’ll keep following this new development and see how Verizon Cloud Storage performs in the next coming months. Stay tuned!