The cloud services market that provides both storage capacities and computational processing capabilities to companies and to corporates is estimated by 45 billion USD per annum and is characterized by ongoing and steady growth. The demand for computational processing and storage capacities 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). Yet, the market is characterized by high degrees of concentration and monopolistic power, as the dominant players are Amazon (through AWS), Google Cloud, Microsoft and IBM.
The size and the financial power of these four incumbents set high barriers to new entrants with lower capital and may indirectly lead to relatively high pricing to customers in need of cloud services due to the lack of competition. This economic setting suggests that the new entrants can hardly compete against these gigantic companies, unless the current market structure of “the power of many held by few” can be revolutionized by decentralizing the cloud and transferring the market power back to the multitude of cloud users and owners of un-utilized or partly used storage and processing capacities.
IAGON’s major aim is to revolutionize the cloud and web services market by offering a decentralized grid for storage and processing tasks. By joining the unused storage capacity of servers and personal computers and their processing power into one computational grid and allocating processing tasks and uploaded files, we can create a supercomputer and a super data center that can compete with any of the current cloud computing moguls. Our solution is based on joining multiple servers and computers by utilizing their free storage capacities to store file fragments in an anonymous and in the most secure manner and by operating their processors in idle times for parallel conduction of allocated tasks. Powering the computational processing and storage grid with the blockchain technology ensures the complete security of both miners and users, their anonymity and privacy and the complete integrity of the tasks and the files transferred, processed and stored on IAGON’s Smart Grid.
Consumers of these services — both companies and individuals — can enjoy vast storage and processing capacities at a fraction of the market prices on a fully secure cloud platform. We overcome any entry barriers, imposed by the high level of investments required to compete in this market, by connecting data centers, business computers and personal users and utilizing their free storage capacities and their CPU and GPU processors in a seamless manner during idle times.