Artificial Intelligence- and Blockchain-Based Decentralized Cloud Systems: The IAGON Way
IAGON is a platform for harnessing the storage capacities and processing power of multiple computers over a decentralized Blockchain grid. IAGON enables the storage big data files and repositories, as well as smaller scales of files; carrying out complex computational processes, such as those needed for artificial intelligence and machine learning operations, within a fully secure and encrypted platform that integrates Blockchain, cryptographic and AI technologies in a user-friendly way.
The size of the cloud services market, providing both storage capacities and computational processing capabilities to companies and to corporates is estimated by 45 billion USD per annum and it steadily grows. The market is dominated by four major players: Amazon Web Services, Google Cloud, Microsoft and IBM, all utilize central and less trusted storage and computation facilities. Due to their oligopolistic dominance, the four providers of cloud services set high price levels. These providers are also capable of hampering any competition and preventing new market entrants from competing with them, due to the broad scale of their operations and their substantial investments in data centers, servers and storage facilities.
Interestingly, however, the demand for computational processing capabilities and storage is expected to dramatically increase in the near future due to two major trends in the business and computing worlds: Big Data and Artificial Intelligence (AI). Big Data is the collection, management and storage of vast amounts of information obtained from any internal of external sources (such as the company’s IT systems, social networks, sensors and so on). The data management of companies promotes the collection and storage of any data related to its operations, clients and competitors, should a need to analyze any of these data ever present itself. The other major trend is the emergence of Artificial Intelligence methods that “learn” from data on past operations, find patterns and business rules and predict future behavior.
AI-based processes consume require vast amounts of computations and consume significant processing power of CPU and GPU processes. The demand for storage and for processing power is expected to exponentially increase with broadening the introduction of AI applications in new areas and with the widespread adoption of data collection from multiple channels (such as sensors, social networks, data providers, etc.) and later processing them.
IAGON’s major aim is to revolutionize the cloud and web services market by offering a decentralized grid of storage and processing. By joining the unused storage capacity in servers and personal computers and their processing power, we can create a super-computer and super data center that can compete with any of the current cloud computing moguls based on multiple servers and computers by utilizing any free storage capacity on their disks and their processors in idle times. Companies and individuals for consumers of these services at a fraction of the market prices and at a better security level by connecting data centers, business computers and personal users and utilizing their free storage capacities and their CPU and GPU processors during idle times and overcome the entry barriers imposed by the high level of investments required to compete in this market.
IAGON’s token-based economy is based on computer, server and data center owners who join the storage and processing power grids. In return for sharing the capabilities of their machine, they will be granted AIGON tokens that can be traded back to fiat money, while any party who wishes to utilize their capabilities will purchase IAGON tokens to distribute them to the parties that provide their services to the grid. The storage mechanism will be based on Blockchain encryption and delivery of encrypted file fragments to many storage facilities. Contributors to the grid can publish their skills and free capacity and offer their service on the basis of their experience, available resources and storage space and bidding on price. Advanced machine learning and AI algorithms will assist in recommending prices to parties involved in this venture and classifying them according to their price levels and assuring continuity of services and access to all files. As more and more companies will recognize the benefits of IAGON’s platforms for storing files and processing them, the demand will increase and so will be the demand for the token — the way customers pay grid participants.
For more details and for our whitepaper, visit us at www.iagon.com and our Telegram group @ https://t.me/Iagon_official.