Taking on the Giants - The IAGON Solution
Taking on the Giants with Cloud Computing
Cloud computing services are currently highly centralised and are controlled by a select number of companies, the main companies being Google, Microsoft, IBM and Amazon.
This means, that these companies are in absolute control of vast amounts of data, which they can and will use as they please. And it also means that should there be a security breach, these companies could potentially leak this vast amount of data to anyone with ill intentions for its use. We've seen data leaks occur on multiple occasions, and these leaks continue to happen on a very frequent basis.
Source
What's more, the need for increased computational processing power and and cloud storage is on a continuous uptrend, and with the development of artificial intelligence (AI) technologies, and the increased utilisation of Big Data, cloud storage and processing power services are only going to be in greater demand as we progress through the years.
And these services are already big business, but it's growing at an amazing rate:
"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." Source
Decentralising the Cloud Services Industry
So I was very interested to read about IAGON in this week's @orignalworks writing contest. It's not every day that you hear someone say that they plan to take on the likes of Amazon, Google, Microsoft and IBM. But that's exactly what IAGON are planning on doing.
Source
IAGON aims to, in their own words:
"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."They're doing this through the creation of a decentralised cloud service network. This network will offer highly secure cloud storage services while also offering additional processing power for organisations and individuals who need additional computing resources for performing complex tasks such as processing Big Data and developing AI technology. These services will be highly secure via military grade encryption and completely decentralised. IAG tokens will used by companies as the currency for paying for access to the network.
Individuals and organisations will be able to earn IAG tokens by "renting" their computers unused or under-utilised storage and processing power to the IAGON network. And anyone will be able to purchase storage and processing power via these tokens.
The "mining" of IAG tokens is essentially undertaken through the provision of storage or processing power to the network. And this makes it possible for anyone to get involved in mining IAG tokens and participating in the network.
Big plans and bigger targets - can they achieve them?
There's a lot to love about this project. And their goals are massive. Taking on the big players in the cloud services arena is a huge undertaking so you want to make sure you've got the right people around you and a solid strategy to make it happen.
IAGON have provided a very clear roadmap, which can also be viewed on the IAGON website. So far, all development of the project has met the deadlines listed on this roadmap.
You'll find the roadmap here.
The first thing that impressed me about this project was that there are a lot of people giving this project a great rating, check out these scores:
Source
It's a rare day that you see an up-coming project with ratings like this. The next thing that gives me confidence that this group know what they're doing is the team.
The IAGON Team
The team behind this project is extensive and brings a wealth of expertise to the platform. More importantly, the founders are highly qualified and experienced, and have employed the necessary people where their knowledge may be lacking.
See the full list of IAGON team members here.
It's rare to see a platform with so many Doctors on the team. But with a project like this it's not at all surprising.
And there are Partnerships
The IAGON team have brought on a number of partners into this project, which is a fantastic indication of just how much of a demand and support there is for a project such as this. Below is a selection of some of the partners involved in this project, however even over the past couple of days there have been more announced
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The IAGON Main Net
IAGON have a functioning Main Net which, once the project has officially launched, will be comprised of the network of data centres and individual computers which have offered their under-utilised storage capacity for the storage of Big Data and any other information that users of the network choose to store on the platform.
What's even more interesting, is that IAGON plan to implement the network on a hybrid blockchain/ tangle platform. I won't comment on this given that I'm not technically astute enough to do this particular detail justice. However I did hear some talk of work taking place with IOTA to make this happen on one of the various YouTube interviews with the founders that you can find.
And the data centres and computers which have offered up their processing power will in-turn have their processing power combined into what can be considered a decentralised super computer which can be used to perform the complex tasks required for processing power intensive tasks such as AI technologies, speech recognition, robotics and so on.
And it is through this process that users offering storage and processing power to the network will earn IAG tokens, after corporations and individuals who need access to the network purchase their access using these tokens.
Decentralisation provides more than one solution
Creating a decentralised cloud services platform has enabled IAGON to solve two problems with the one solution. Through a decentralised network, IAGON are able to provide a level of security that will prevent the types of data leaks that we've seen in this industry in recent weeks, months and years.
In addition to this, IAGON are able to combine the storage and processing power of data centres and computers globally to provide the level of processing power that is required to perform the increasingly complex tasks that we require with our rapid advances in the AI and Big Data processing space.
Source
Finally, IAGON will also be implementing machine learning and AI into their network which will allow the network to intelligently decide how to allocate storage and processing power resources to those who need them. Using AI in this network will allow the network to continuously advance and improve on itself.
Concluding Remarks
I think it's quite obvious that I am a huge fan of this project. So much so that I have created an account and have submitted a mining application. I'll be offering part of my computers processing power and storage for use by the IAGON network right from the beginning.
I completely agree that we'll be seeing a huge demand for cloud storage and processing services in the future, and IAGON are offering a fantastic solution to the limitations faced in this market.
Main Sale
The pre-sale for the project took place back in May this year, with the soft cap being reached. Now, the main sale is currently underway. So, if you want to get involved, then head on over to the website to find out more.
And if you want to get involved in setting up a mining account, then click here to get started.
Learn more
Learn more about the project here. IAGON are on Steemit!
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
iagon2018
Posted from my blog with SteemPress : https://cryptonbrews.xopus.io/2018/07/24/taking-on-the-giants-the-iagon-solution/
I've been fascinated with AI for quite sometime already and I found your post both fascinating and very informative. Not to mention how easy it is to read your content.
Somehow you've managed to grab my attention from the very beginning. AI is definetly facing many challenges ahead and it seem that there is currently more and more AI projects build on blockchain.
And clearly iagon has an interesting approach.
So to summarize (Im not sure if I understood well). Iagon is not a marketplace for AI businesses, right? They are aming to provide cloud storage and processing power? Which obviously would reduce operating costs of running any AI?
That indeed would allow small businesses (within this industry) to move forward much faster.
Again great review @mazzle
Good luck with contest, yours,
Piotr,
Thanks Piotr. You're pretty well spot on. IAGON is a service for renting cloud storage and/ or processing power. They're targeting the Big Data and AI industries but realistically anyone can access the service.
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The world of computing now is all about AI, it's interesting to see platforms adopting it.
I like it. The idea of decentralized cloud storage is well overdue. Now, if they can only keep up with the demand that such a thing could bring to its blockchain, or series of blockchains, will be interesting to see.
The fact that they use some of the unused computing power of individuals around the globe is at once intriguing, and troubling. Troubling in the sense that it sounds like your computer needs to be on 24/7, right? So, more wear and tear on the computer, even when you're not using it.
I just hope something like this doesn't ever turn evil because of all of the AI and other projects going on. :) Skynet kind of stuff. Also, i wonder what would happen if some kind of virus was introduced to the system. It would also seem to be an entry for taking over people's computers if they ever desired.
Guess I should stop watching sci-fi movies. :)
Haha for the entire time that I was researching and preparing this article I had the skynet thought playing through my brain. I really wanted to mention it somewhere in the article but didn't want to make it sound tacky.
I'm currently looking into whether or not I should purchase a server to leave running in my house for this type of thing. Leaving my laptop running 24/7 isn't really an option, and I'd like to contribute more than a couple of gig to a project like this.
If the returns on "mining" are decent enough, I'll absolutely buy a server to leave running. And if it turns to shit I can at least turn the server into a masternode for some other coin.
It's a cool project, and I stumbled on a similar project this morning called Akash. I don't know much about them yet but they seem to be worth looking into.
Okay. It's comforting to know that I'm not the only one thinking Skynet and so forth. :) It probably would have been tacky for you to mention it in the post. I feel kind of tacky for bringing it up in the comments.
I like the idea of the server. Give it its own local network, that sort of thing. Smart thinking too, about switching over to some other coin and running a node if this particular venture doesn't pan out. STEEM could always use another witness, and they seem to be working on things to make the point of entry and ongoing upkeep better than it's been previously.
Laptops are amazing now, but I don't even like to run mine as much as I do, and I always turn it off at night.
Akash? What's that? They keep popping up, don't they?
I think the whole witness voting thing would frustrate me. It seems that it takes months to get to a reasonable position in the witness rankings and then the money you make is only minimal. Acting as a masternode seems to be a more profitable strategy, but leasing space and processing power could also be really good if IAGON do good things.
Akash is another up and coming coin that is essentially doing the blockchain cloud storage thing. I only heard of them for the first time today.
Oh, I'd be surprised if there wasn't some level of frustration with being witness, all the way around. I'm not up to it myself. You would have to crack the Top 50, I believe, before you started to turn a profit of some kind. I think lower than that is where your potential covering of costs begins, depending on how you're set up.
Anyway, just a thought.
These other ideas sound promising, too. Never know unless you try, right?
Okay. I'll look up Akash to see what it's all about.
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It reads super interesting. It's amazing how all the technological innovations are merging to achieve the highest levels of security and processing. The idea of combining blockchain with AI fascinates me and is a breakthrough, it is the future of large data volume management. Nice article. Greetings @mazzle
Thanks mate. There's some really interesting tech coming out right now. I've been reading up on NOIA as well who are doing some incredible work to make the internet more efficient. I'm constantly surprised by the amount of innovation we're seeing right now.
Such a neat project. I proposed how IAGON would transform devices from mere interfaces to gateways to a global web. What do you think?