Still I don't understand if the information is stored in the cloud what are the problems?

It's just called so. In fact the data is stored in data-centres.

Right you are. It's not that difficult to hack them. For a good hacker.

Yes, of course. That's why we all frequently hear all these stories about stolen photos and money from the wallets.

As I understand the creators of this project suggest a new algorithm which prevents the data stored in the cloud from theft and hackers.

It sounds good. Cause storing data in the cloud is becoming more and more popular and not just among common users.

I know that many businesses already work with them.

Still some of them are not ready to store data in the cloud cause they're not sure that it's safe,