IAGON -Revolutionalizing the Cloud, AI and Big Data Industry through the blockchain

rexdickson (51)in #cryptocurrency • 7 years ago (edited)

In the 1960s, the IBM 1401 was seen as an engineering marvel and State Of the Art technology.

Source

It could fill up an entire room and weighed thousands of pounds; in today’s money it would cost about $1.5 million. The old 1401 could perform just over 4,000 calculations per second and at the time was virtually unmatched. But presently, the average mobile phone has a microchip about the size of your fingernail and can perform about 1 billion calculations per second. The evolution of computers and it’s computing power and storage is massively expanding as we move from an age of scientific discovery to scientific mastery.

With time, the Cloud computing and storage system was created to establish a system of computing and storage that can match the speed of evolution, eliminating need for physical storage servers and problems of individual computing inabilities.

This Cloud refers to a distinct or virtual IT environment that is for the purpose of remotely provisioning scalable and measured IT resources. The term originated as a metaphor for the Internet which is, in essence, a network of networks providing remote access to a set of decentralized IT resources.

Eventually, Artificial Intelligence(AI) has been playing a big part in computing of cloud services and big data just as the cloud is essential to AI too.
In the era of digital transformation, data-driven industry leaders are looking to artificial intelligence (AI) for the future of small and big data management and analysis. In many ways, AI and cloud computing make the perfect match for digital innovation. AI’s cognitive capabilities and machine learning thrive on massive volumes of data, which become scalable and instantly accessible in a cloud environment. AI gives company on the cloud unprecedented data access, makes smarter decisions and cuts cost.

The cloud too is fundamental to the AI model in two ways: First, given that the data sets that companies are using would not be accessible if it was not for the cloud, and secondly, because only the cloud can enable businesses to cope with the phenomenal scale required by providing such data-intensive services to multiple clients. AI requires a huge amount of compute power, so the public cloud, with its near-infinite computer and data processing power, is the ideal place for such applications to be built. The aim of companies such as Amazon, Microsoft, Google and IBM is to create innovative AI applications that businesses can use; therefore, inducing increased traffic through their public cloud ecosystems.
Thus, the monopolizing of the cloud services by these powerful few companies reduces the chances of everybody getting good access to using the storage capacities and computing power.

Cloud Computing describes a scenario whereby computing resource is delivered as a service over a network connection, usually the internet.
Cloud computing relies on sharing a pool of physical and/or virtual resources, rather than deploying local or personal hardware and software for more computing power amongst individuals or cooperations.
It was the emergence of cloud computing which made it easier to provide the best of technology in the most cost-effective packages. Cloud computing had the potential of not only reducing costs, but also making a wide array of applications available to the smaller companies just like the first conventional system built for providing high-performance computation by cloud computing was performed by a special server in a fixed configuration and had a problem of high cost and poor utilization efficiency. The cloud computing system has been bugged with several problems preventing proper utilization of the system by smaller companies, bigger companies and individuals such as developers. The problems bugging the cloud computing system can be seen as:

• Lack of access to high computing power by individuals or small companies
•High fees for super computer user by big companies
•Inability of individuals such as developers to pursue deep learning project without backing of large companies due to required access to large data sets

Now, before information or data can be processed in the cloud, it has to stored first on the cloud. This is therefore the link between Cloud Computing and Cloud Storage.
Cloud storage is a cloud model in which data is stored on remote servers accessed from the internet, or "cloud." It is maintained, operated and managed by a cloud storage service provider on a storage servers that are built on virtualization techniques.

But as the cloud is growing steadily, there is an explosion of information across the web. Social media is a completely different world, where both marketers and common users generate loads of data every day. Organizations and institutions are also creating data on a daily basis, which can eventually become difficult to manage, birthing the problem of data management and storage of BIG DATA and data security in general. The reason for such breaches may also be that security applications that are designed to store these big amounts of data cannot the big volumes of data that the aforementioned large datasets have.

Cloud users’ personal data security is a serious concern in cloud computing environ. This problem grew because of the transparent feature of the cloud ecosystem. Location transparency is one of the prominent flexibilities for cloud computing, which is a security threat at the same time – without knowing the specific location of data storage, the provision of data protection act for some region might be severely affected and violated.

Now, we can vividly lay out the problems bugging the cloud services such as:

√ Lack of high computing power in the cloud by smaller companies or individuals

√ High cost of super computers for big companies

√ Insecurity and privacy

√ Inability of developers to pursue deep learning projects without backing by big companies due to lack of large data sets

√ Downtime

But we all want a cloud ecosystem that eliminates all these problems while still retaining the basic features of the cloud services and AI…right?

Now envision a cloud ecosystem that uses a global computable grid powerful than a super computer where anyone can profit by joining a massive processing and storage platform and where data is fully secured coupled with the fact that AI becomes accessible to all and produces powerful insights.

Now, imagine
IAGON

IAGON is a decentralized open-sourced cloud storage and computing services platform for harnessing the storage capacities and processing power of multiple computers over a blockchain grid.

The IAGON’s platform, powered by Artificial Intelligence(AI) and the Blockchain Technology, blends perfectly into the mold, while simultaneously disrupting the core of the cloud computing industry and their key players. IAGON uses the blockchain to provide a perfectly unique and safe solution towards processing, storing and distributing data on the cloud. The combination of Machine Learning and Artificial Intelligence algorithms, neural networks and the Blockchain/Tangle used to regulate and allocate stored files and processing tasks to miners connected to the Smart Computational Grid (SCG) provides a reliable, secured and fully accessible platform.

IAGON Platform Architecture

The architecture of IAGON platform is made up of three platforms:
• Blockchain and the miners
•Machine learning algorithm
•Encryption/decryption protocol.

IAGON operates using a smart computing data grid that works like a decentralized storage host, responsible for the allocation and distribution of storage space and computing power available on the IAGON platform.

The smart computing grid is like a part of a super computer that automatically allocates and supervises data storage space and computing power to users who require them. The smart computing grid also allows miners who provide these services to earn when other users use their unused data.

IAG Token

The IAGON token, IAG, is an ethereum based token. It will be used to buy services on the platform. It can be bought or traded for fiat, cryptocurrencies, or gotten through mining, that is, providing services for others on the platform.

But how will IAGON change the cloud computing industry?

Firstly, IAGON enables the storage big data files and repositories, as well as smaller scales of files, and also the carry out of complex computational processes, such as those needed for AI and machine learning operations, within a fully secure and encrypted platform that integrates Blockchain cryptographic and AI technologies in a user-friendly way.
The IAGON platform provides easy to use features and functionalities synced across all smart platforms for all types of users ranging from individuals to SMEs(Small and Medium scale Enterprises) and Large enterprises.

Additionally, IAGON integrates thousands of interconnected abundant unused computing power and storage capacities of personal small device owners and data centers(which are the miners) in a decentralized way. Thus, providing massive storage space and computing power to individuals and small companies while rewarding the providers or miners with the IAGON tokens(IAG).

Moreover, IAGON uses the blockchain technology to run cloud services in order to reduce cost. The blockchain does not require any escrow or third party thus eliminating overhead costs in the form of fees paid to third parties or clearing houses due to decentralization of the blockchain.
Miners which are also the service providers, are paid in IAGON tokens(IAG) by the service(Storage capacity and computing power) consumers. These service consumers buy the tokens. The miners can now decide to convert the tokens to fiat currencies through cryptocurrency exchanges or use the tokens to also pay for services on the network. IAGON charges only 10% commission on transactions. The remaining 90% are transferred to the miners according to the amount of services they provided.

More so, IAGON ensures security of the platform through it’s unique Data Lake security feature. The data lake architecture adopted into the Big Data market when hacked, gives the intruder the liberty of ‘swimming’ around files and valuable data and information in every aspect.

But with the IAGON secure lake technology in encrypting, slicing and distributing the data lake files, it freezes the lake there by prohibiting the liberty of the intruder to navigate and gain access to files, data and information.

IAGON's secure lake is built and based on the blockchain unbreakable encryption technology on file slicing and storage of small, anonymous answers strongly mend encrypted slices of the original files. At it’s core, it uses AES-256 to encrypt and decrypt data. AES-256 is the encryption standard recommended by the National Institute of Standards and Technology(NIST) and also uses a symmetric key algorithm.

Interestingly, to ensure that there is no downtime, the IAGON platform is built and occupied by thousands of nodes interconnected in a P2P(Peer to Peer) network. Data is replicated and updated on every node by AI, thus ensuring that even if nodes leave the network or are inaccessible, the system will still remain highly accessible at any time.

Also, IAGON possesses various storage options ranging from SOL, NoSOL, private blockchains and other third party storage providers.
On IAGON, users and miners can choose either Ethereum or Tangle to securely store their files, or process computational tasks, pay and receive IAGON tokens for cloud services and primarily; to benefit from huge merits in gaining access to the market's prominent and state of the art technologies.

IAGON AI Tracker

AI-Tracker is a dynamically learning system that concurrently analyzes previous and current data streams that shows the availability of storage capacities and processing powers of miners. AI- Tracker also performs the tasks of perfectly allocating and transmitting encrypted files that are ‘sliced’ to the designated storage spaces, allocation for processing tasks for rapid and optimal performance of the grid and highlighting of unreliable nodes that should be blocked and eliminated from the grid and continuously maintaining the grid’s attributes to optimize its performance always.

Rather than spend big bucks to maintain server or power and cooling cost, small and large businesses can benefit from using computing power at a reduced cost as it helps them to stretch their budgets further at lower costs. Also, with this access to unused to computing power, SMEs and large enterprises can easily scale up to meet increased demand and scale down during slower periods.

Morever, small development teams with lower budgets can profit from having affordable access to large amount of computing power on IAGON. On IAGON, they won’t need the backing of large companies before they understake deep learning projects because they already have access to large data sets. Apart from that, small development teams can now frequently reduce bugs, create new websites, virtual machines and databases quickly, publish frequent enhancement, compete with larger teams in terms of computing power and stay on top of the game.

The smart computing grid of IAGON global super computer will impact the cloud in several ways, such as;
•The grid will connect multiple producers to consumers
•It will allocate and transfer unused cloud resources to customers in need
•The miners(Service providers) are paid for their services and no effort is required of them when their servers or computers are used by customers.

Interestingly, as an individual on the IAGON network, I can benefit by generating substantial static streams of revenue sharing free storage and computing power on my device. This revenue are IAGON tokens that can be converted to fiat currencies or used to buy services in the platform as well.

How will IAGON impact AI and the Big Data industry?

Although AI has been around for more than five decades, shortage of structured data and computational limits has hindered AI's growth. IAGON will eliminate this because it’s platform will interoperate with a lot of data in the big data industry. The big data industry is the fuel for AI.
More so, lack of data privacy and insecurity has been the major waterloo of the big data industry while lack of technical know-how trails behind. IAGON eliminates the technical problem with it’s introduction of AI and the issue of insecurity is eliminated as IAGON employs the best and standard form of data security on the blockchain.

Use Case

Mr A is a developer interoperated with IAGON. He can now sell his unused storage space and computing power for IAGON tokens which he stills uses to pay for bigger computing power for his applications development needs. He doesn’t needs big companies back up for Deep learning projects because IAGON provides large data sets which eliminates that problem. With his IAGON tokens, he can convert them to fiat currency of any kind and use it to purchase things in the real world. Mr A can now purchase services on the cloud for cheap prices and improve his development teams and others facets of his IT business easily all thanks to IAGON.

Synopsis

Presently, there are no direct competitors of IAGON, because they are providing centralized storage and computing power, whereas IAGON is aiming at offering decentralized storage and computing power. IAGON will create a grid of super computer by joining unused storage capacity in servers and personal smart devices and their processing power. More so, IAGON is going to revolutionize the cloud industry through secured and decentralized cloud storage and processing platform based on the Blockchain/tangle technology. The fully secured and encrypted platform will be provided using the Blockchain’s cryptographic power, Artificial Intelligence technologies. In the next 5 years AI will surely surpass itd development in the past five decades with many opportunities birthing in this field. AI is being considered the next digital frontier. IAGON will store big data files and repositories, smaller scales of files and will carry out complex computational operations. IAGON is the future of the Cloud services.

Watch my video about this platform below