Wikipedia
BitVault is a content-addressable distributed storage platform, being developed by Microsoft Research. BitVault uses peer-to-peer technology to distribute the tasks of storing and managing data. As such, there is no central authority responsible for management of the system. Rather, it is self-managing, provides high availability, reliability and scales up in a self-organizing manner, with low administrative overhead, which is almost constant irrespective of the size of the distributed overlay network.
BitVault system is best suited for reference data, which is large amount of data which changes very infrequently. Such data include archives of out-of-date data, as well as multimedia data like music and video, which, even though might be frequently used, changes very rarely.