In 2018 even the most uninformed user knows about 'the cloud' and the fact that their data is securely stored in it. Unfortunately it is not as magical as people think.
The cloud is just a network of internet servers that stores your files for you. It is considered a superior alternative to just keeping everything on your computer's hard drive because it makes sure that even if all your devices are destroyed, you still keep your data.
Unfortunately while 'the cloud' sure is convenient, it still has many problems that even the biggest cloud storage providers, like Google, IBM or Microsoft, cannot solve. Security is still quite an issue, as well as cost and total lack of control over their options and data plans.
Nevertheless, the size of the cloud services market that provide both storage and computational processing to users and corporations is estimated by at least 45 billion USD. And with the projected dramatic increase of demand for more storage and more computational power in the next few years many new companies are looking to enter the market.
With such behemoths as Google and Microsoft already deeply rooted, it would take a truly innovative competitor to attract the consumer's attention. One of these innovators is called IAGON, a Norwegian based company that aims to revolutionize the cloud and web services market by offering a decentralized grid of storage and processing.
What the IAGON's team has built, is a blockchain based system that joins the unused storage capacity in servers and personal computers, as well as their processing power, in order to create a super-computer and super data center that can compete with any of the current cloud computing companies.
Let's take a closer look at the features and the back-end design of IAGON platform.
IAGON will be offering their services of both Ethereum blockchain and Tangle. The users will be able to pick whichever suits their needs the most.
IAGON have improved upon the newly adopted Data Lake architecture, encrypting the data even further to make it secure from the intruders that managed to gain access.
IAGON's smart computing grid platform and AI-Tracker technology will be able to connect multiple producers to customers, transfers unused resources to customers in need (CPU and GPU processing power and storage space, and benefits the miners providing power and storage space to the grid without requiring efforts when their servers and computers are not used by them.
IAGON'S STRUCTURE
The architecture of IAGON's platform can be described best in three parts – the machine learning algorithm, the blockchain and miners, the encryption/decryption protocol.
Most transactions on the platform will be handled through the IAGON token (IAG) the Pre-sale for which has started April 2nd . The second phase of the sale (crowdsale) will begin May 10th and will last for 30-60 days, depending on the sale rate. Please check out the links below for more information.
IAGON's development team is hard at work polishing the platform and making sure that IAGON will become the leader in the storage and processing services, enhancing both the blockchain and cloud computing awareness among the consumers.
What do you think is the future of cloud storage? Have you encountered trouble with the current systems? Tell me in the comment section below.
Author's bitcointalk: OceanWind33