TELOS is the open-source, free and transparent project that is aiming to create a space to combine the already existing applications and innovations in such areas as cloud computing and the application stores that are already in use by a very large number of users around the world. The TELOS project is aiming to be on the cutting edge of the innovations in the blockchain world, combining the consensus algorithms of the Proof-of-Stake, the Peer-to-Peer Software as a Service, as well as the Peer-to-Peer Proof of Computing protocols all to ensure that the best and strongest faucets of every single technology is being used in a correct manner for the task at hand. The platform also aims to revolutionize the cloud computing and cloud storage industries, creating a bridge between the traditional cloud computing that is, in many ways, going to be the future of the Internet, as well as the blockchain technology of the distributed ledger, that can allow the cloud computing to be actually feasible and workable alternative to the currently used models.