IAGON : THE DECENTRALIZED CLOUD SERVICE PLATFORM BUILT ON BLOCKCHAIN

in #crypto • 6 years ago (edited)

INTRODUCTION

The cloud storage market has been blooming in recent years, due to the undebatable adoption of cloud solutions across verticals such as healthcare, media, tech companies, BFSI and more, is driving the demand growth for cloud storage solutions. Additional factors fueling the growth of the market are increasing adoption of cloud storage gateways, more awareness and deployment of cloud-based solutions and the appearance of decentralized cloud storage networks. Cloud storage service providers are responsible for operating and managing the servers, as well as guaranteeing the security and availability of their client’s data. This is where the biggest challenges for cloud storage vendors has emerged.

  • WHAT IS CLOUD COMPUTING

    • Cloud computing refers to an information technology (IT) model or pattern that enables the present access to shared pools of configurable system resources and higher-level services that can be rapidly provisioned with minimal management effort, often over the Internet. Cloud computing relies on sharing of resources to achieve coherence and economies of scale, similar to a public utility.

    Cloud computing allows companies to avoid or minimize up-front IT infrastructure costs. Cloud providers typically use a "pay-as-you-go" model, which can lead to unexpected operating expenses if administrators are not familiarized with cloud-pricing models. Proponents also claim that cloud computing allows enterprises to get their applications up and running faster, with improved manageability and less maintenance, and that it enables IT teams to more rapidly adjust resources to meet fluctuating and unpredictable demand.

    Since the launch of Amazon EC2 in 2006, the availability of high-capacity networks, low-cost computers and storage devices as well as the widespread adoption of hardware virtualization, service-oriented architecture, and autonomic and utility computing has led to growth in cloud computing.

  • PROBLEMS ASSOCIATED WITH CLOUD COMPUTING

    • Cloud computing poses privacy concerns because the service provider can access the data that is in the cloud at any time. It could accidentally or deliberately alter or even delete information. Many cloud providers can share information with third parties if necessary for purposes of law and order even without a warrant. That is permitted in their privacy policies, which users must agree to before they start using cloud services.

    According to the Cloud Security Alliance, the top three threats in the cloud are:
    1.Insecure Interfaces and API's,
    1. Data Loss & Leakage, and
    2. Hardware Failure.
      These have accounted for 29%, 25% and 10% of all cloud security outages respectively. Together, these form shared technology vulnerabilities. In a cloud provider platform being shared by different users there may be a possibility that information belonging to different customers resides on same data server. In addition to that, Eugene Schultz, chief technology officer at Emagined Security, said that hackers are spending substantial time and effort looking for ways to penetrate the cloud. "There are some real Achilles' heels in the cloud infrastructure that are making big holes for the bad guys to get into". Because data from hundreds or thousands of companies can be stored on large cloud servers, hackers can theoretically gain control of huge stores of information through a single attack—a process he called "hyperjacking"

    Some examples of this include the Dropbox security breach, and iCloud 2014 leak. Dropbox had been breached in October 2014, having over 7 million of its users passwords stolen by hackers in an effort to get monetary value from it by Bitcoins (BTC). By having these passwords, they are able to read private data as well as have this data be indexed by search engines thereby making the information public.

  • WHAT IS CLOUD STORAGE?

    • Cloud storage is a model of computer data storage in which the digital data is stored in logical pools. The physical storage spans multiple servers (sometimes in multiple locations), and the physical environment is typically owned and managed by a hosting company. These cloud storage providers are responsible for keeping the data available and accessible, and the physical environment protected and running. People and organizations buy or lease storage capacity from the providers to store user, organization, or application data. Cloud storage services may be accessed through a colocated cloud computing service, a web service application programming interface (API) or by applications that utilize the API, such as cloud desktop storage, a cloud storage gateway or Web-based content management systems.

    SOME PROBLEMS ASSOCIATED WITH CLOUD STORAGE

  • INCREASED ATTACK SURFACE AREA


    • The attack surface of a software environment is the sum of the different points where an unauthorized user can try to enter data to or extract data from an environment. Keeping the attack surface as small as possible is a basic security measure.Outsourcing data storage increases the attack surface area.

  • SUPPLIER STABILITY


    • Companies are not permanent and the services and products they provide can change. Outsourcing data storage to another company needs careful investigation and nothing is ever certain. Contracts set in stone can be worthless when a company ceases to exist or its circumstances change.

  • ACCESSIBILITY


    • Performance for outsourced storage is likely to be lower than local storage, depending on how much a customer is willing to spend for WAN bandwidthReliability and availability depends on wide area network availability and on the level of precautions taken by the service provider. Reliability should be based on hardware as well as various algorithms used.

    Having given a comrehensive break down of what the cloud storage and cloud computing let us now see what IAGON has to offer in the cloud service industry.

    WHAT IS IAGON?

    For a quick intro on what IAGON is about , watch this video.

    IAGON is a decentralized, open-sourced cloud computing and storage services platform.IAGON will take advantage of unused computing power as well as storage space to create a "super-computer that can compete with any of the current cloud computing moguls. By joining unused storage capacity in data centers, computers and smart devices, IAGON can offer services at a better rate than even the large companies currently dominating the space!

    Imagine a world where anyone can profit by joining a massive processing and storage space. Powered by Artificial Intelligence to connect users to services and decentralized applications. Easy to use features and functionalities are synced across all smart platforms. Whether you are a single user or a full blown enterprise. IAGON provides you with a fully secured cloud services that caters for your needs.

    IAGON TACKLES THE MAJOR PROBLEMS FACING THE CLOUD STORAGE INDUSTRY

    Security, cost and confusion. These are the three primary problems that vendors in the cloud industry have been working hard to solve. The largest and most important one is security as can be seen from the icloud attack case scenerio.

  • SECURITY

    • Most of the businesses and companies that have refused to adopt the cloud service have done so because they fear that their data might get leaked, stolen or lost. Due to rapid growth in malicious hacking technologies, including, malware, man-in-the-middle attacks and application flaws, data security is at risk and can lead to heavy losses for the company if critical data is hacked. Once an intruder hacks into these storage facilities using a so called “Data Lake” architecture which is based on implementation of a NoSQL central database (such as MongoDB, HBase or Cassandra, he can “swim” in the database system, explore the files and gain access to all the valuable data stored, leading organizations exposed to an unlimited number of security, privacy, and financial risks. Breaches like these have happened on more than one occasion and this is one of the major concerns that has been holding the market back.

    IAGON has moved to create a revolutionary solution to this problem and we call it the Secure Lake. It is based on the Blockchain unbreakable encryption technology, on file slicing and storage of small, anonymous and strongly encrypted slices of the original files. This solution ensures the complete protection of the clients information and databases and ensures the rapid retrieval and update of any stored files. Except from the user who securely uploads a file and has the password (key) to retrieve and encrypt it, no one can read the contents of the small file slices, encrypt, delete, change ,retrieve them, identify their source or even associate them with other file slices that are generated from the original , uploaded file . IAGON ’s technology ensures that even when information systems are breached in anyway, the data and files that they use can not be accessed, deleted or modified in anyway. IAGON utilizes dual layer security, (Encryption and Blockchain Technology) that’s 100% secure and resistant to hacking.

    SPEED AND COST

    Another restraining factor in the cloud storage market would be the lack of high network bandwidth for data transfer. In the fast-paced world we live in, nobody has the time to wait on technology. Just like in almost all industries, speed of service is of paramount importance when cloud storage is in question.

    The biggest players in the cloud storage market are: AWS,Google Cloud, Microsoft and IBM, as has been the case for the last several years. These high rollers have made it extremely difficult for smaller companies to enter the game and penetrate the market. Due to their oligopolistic dominance, the four providers of cloud services set high prices and have been using pricing to restrict speed advancement for clients. IAGON will provide very cost effective and reliable solutions to the CFOs, IT managers, and CEOs in any sector.

    WHAT IS THE IMPACT OF A GLOBAL SUPER CMPUTER CREATED BY INTERCONNECTING COMPUTERS VIA THE SMART COMPUTING GRID?

    The increasing demand for processing power is evident for example by the growing sales of NVIDIA systems for
    Machine Learning and Deep Learning operations , as well as other advanced operations of Artificial Intelligence
    that require vast volumes of computing and processing capabilities . The technology domain of AI based
    innovations that require large capacities of processing power (mostly supplied by batteries of servers with large
    amount of CPUs and GPUs ) include face recognition , video processing , voice analysis , text analysis, pattern
    recognition in Big Data databases and digital document repositories , autonomous cars, IoT based decision
    support systems and many more. AI technologies and applications are expected to exponentially grow over the
    next years , thereby increasing the demand for processing power to support both research and their day-to-day
    operations.

    IAGON’s Smart Computing Grid is equivalent to any other power grid (such as solar production of electricity):
    • It connects multiple producers to customers
    • Smart Computing Grid fulfils the demand for the necessary resource
    • It transfers unused resources to customers in need (CPU and GPU processing power and
    storage space), and
    • It benefits the miners providing processing power and storage space to the grid without
    requiring efforts when their servers and computers are not used by them.

    MINING THE IAGON TOKEN AND EXCHANGING FOR FIAT



    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 IAGON 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.

    CONCLUSION

    All the big players on the market utilize central storage and computation facilities, trapping the market and making it to reliant on centralized solutions without room for growth and innovation, however, the feeling is that the tides are changing.

    Despite all the roadblocks the global cloud storage market is expected to grow, as Big Data and Artificial Intelligence arise as two major trends in the business and computing worlds, pushing it forward. It is expected to hit approx. USD 104 Billion by 2023, at 25% of CAGR between 2017 and 2023.

    The exponential growth in the demand for low-cost and reliable storage has been pinpointed by startups and the race for invitation is on. Small companies have started to adopt an alternative approach to cloud storage in efforts to answer to the markets needs.

    As adoption of the premise that the Blockchain is the future continues to grow, the opportunities for start up companies to give it a go and try to challenge the big players grows along with it. Moreover, using a decentralized grid for cloud storage brings a lot in terms of security, speed and price.

    This is exactly what has been done at Iagon.

    By joining the unused storage capacity of servers and personal smart devices and their processing power, Iagon will create a super data center that can generate massive volumes of storage and processing power capable of competing with any of the current cloud computing companies.

    However, as this is of benefit to them, so it is of benefit to me since this will create opportunity to earn more, in terms of IAGON's token which can be exchanged for FIAT money.

    The IAGON Roadmap:

    roadmap.jpg

    IAGON Tokenomics

    tokenomics.png

    Meet The Team

    IMG_20180723_213138_639.jpg

    Advisors

    IMG_20180723_214121_316.jpg

    Strategic Planners

    IMG_20180723_214314_160.jpg

    IMG_20180723_214314_160.jpg

    For More Detailed Information & Resources, Visit:

    IAGON Website
    IAGON WhitePaper
    IAGON Business Plan
    IAGON BTCTalk
    IAGON Facebook
    IAGON Reddit
    IAGON Steemit
    IAGON YouTube
    IAGON Twitter
    IAGON Medium
    IAGON Linkedin
    IAGON Github
    IAGON Telegram

    This is my entry for the @originalworks contest. You can join contest here.
    Iagon2018

    #blockchain #bitcoin #wafrica #contest
    6 years ago in #crypto by
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     6 years ago 

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       6 years ago 

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         6 years ago 

        Well done Josh...

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          This post has been submitted for the @OriginalWorks Sponsored Writing Contest!
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             6 years ago 

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