IAGON. THE NEW PLATFORM THAT MAKES CLOUD STORAGE SERVICES AND AI COMPUTING POWER FEASIBLE FOR EVERYONE

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Cloud Storage

Cloud storage services are based on the transfer of files from local computers and servers to remote storage facilities that can be accessed and managed at any time. The market for cloud storage services is composed of companies that offer data storage programs. They host and manage the data from companies that run services (such as image recognition) that requires big loads of data storage.

The centralized management of big data storage has caused recently lost worth more than $100 million. Centralized systems are unable to respond when crash failures (service blackout) or CPU leaks (slower performance of a server) arise. The exponential growth of the demand for cloud storage services requires decentralized alternatives to step forward, more suitable options for companies that require services with higher levels of reliability should be provided.

Artificial Intelligence Algorithms

Artificial intelligence algorithms are computational models that try to mimic the capabilities of the human brain. Such algorithms are coded to make decisions based on huge loads of evergrowing amounts of stored information that the algorithm uses to determine in a give situation the fittest solution for a specific problem. These algorithms are used to enhance most of everyday commonly used web services, such as the Google search engine.

The demand for AI services is expected to increase in the coming years, and so will increase de demand for facilities capable of processing those huge loads of data. Companies will use AI software for getting trends from the data that their collect on a daily basis from their businesses operations. This will allow more efficient management of their businesses and will increase their revenue.

However, most companies doesn't have the computational power required to process such huge volumes of data, and if they want to implement and AI software they are forced to transfer they sensitive information to another company's servers. The majority of companies choose not to do so because the commercial value of their data, hence they are unable to boost their business with AI software.

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In the market of cloud storage services and Artificial Intelligence services exist a handful of players that have an oligopolistic dominance. Big fishes like AWS, Google Cloud, Microsoft and IBM always have the final world when establishing the prices. And prices are always high enough to block small-medium sized AI developers for accessing the services they need to develop their products. Also, no competition is allowed and new markets are prevented from being created.

This situation cannot go on indefinitely, the market for cloud storage is expected to worth $ 88.91 billion in 2022 and the market for AI is expected to worth $37.98 billion due to the evergrowing demand by the companies that need Big Data processing services, and Artificial Intelligence programs that require huge storage and computing capabilities to train their algorithms.

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IAGON will address these issues by creating a grid leveraged on the blockchain technology. This will allow the integration of AI software that manages resource allocation with a system that uses encrypted file transmission. This will guarantee the security of the data and an efficient use or network and computer resources that will lower operational costs and will create new competitive options for such a promising market. Furthermore, the tokenization of cloud storage and computing power resources will create a transparent market where the price will be dynamically established, and honest competition will be incentivized.

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IAGON AI-bassed computational Processes merge all the strengths of decentralized storage services and adds SQL and No SQL database integration. This will prevent most common issues in decentralized storage services such as lost data recovery in the event that hosting nodes experience hardware crashes or malicious nodes attack to recipient's files (torrent's current plague). Even more, IAGON utilizes a machine learning algorithm that will distribute the processing load throughout the network to carry on tasks in the most efficient way.

IAGONIAGON will offer users multiple blockchain options to securely store their data, carry out computational tasks and to purchase and receive IAGON tokens for cloud storage services. Miners and users will be able to choose between the Ethereum Blockchain and Tangle to host the services offered by Source.

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IAGONIAGON Data Lake Structure implements blockchain technology data encryption and file slicing for preventing malicious agents to access companies sensitive data. No one can delete, retrieve, decrypt, encrypt, change, identify the source or even associate the file slices stored. Only the users who have the private to key to retrieve and decrypt the file can access the information stored in IAGONIAGON data lake. Any possible brach on the database will be irrelevant because the attacker wont be able to access and decrypt stored data.