The advent of computers has brought great revolutionary changes to virtually all sectors in which they are being utilized. These devices have found a place in cloud computing. However, despite their usefulness in this sector, there are some basic challenges this particular industry, that s cloud computing industry, is still being faced with, even though there is a great advancement in technology.
In this publication, a platform capable of changing the cloud computing industry, their benefits for businesses, impacts on the AI and Big Data industry and how you as an individual can benefit from sharing your computing power and storage will be properly and articulately discussed on in a very simple language for a better understanding.
What is IAGON? Is of course a decentralised blockchain grid that aids in storing huge files in data form. It also helps to carryout some tedious computational processes.
IAGON major aim is to provide small companies and people with storage capability and ability to process services at a cheaper and very affordable rate and also offering better security. It also aims to see over entry barrier which is all about huge investments which is needed to compete favourably with the market but AIGON here makes it cheaper to carry out.
is an open sourced intelligent platform which orchestrates unused processing power and storage capacities of all smart devices integrated into the its blockchain in order to able to perform complex computational processes and store big data files.
IAGON also does not neglect data security as it's platform is secured with its blockchain 256 hashing algorithm and data encryption technologies while still being data regulations compliant.
As it intelligently distributes data across its network of nodes for either data mining or storage, IAGON can be seen as a decentralized platform which aim to provide cloud storage and processing services to individuals and companies at only a fraction of the cost required by the giants in the cloud services space. Reduced costs of these cloud computing services will immensely reduce the cost of entry into the AI industry and more start-up enterprises will see the light of day, in contrast to how the high cost has hitherto snuffed out their idea.
Providers of the unused computational processing units and data storage facilities and incentivized with the IAGON token (IAG). One primary importance about the economy of this platform is the paradigm shift it will cause as to how individuals purchase smart devices as Iagon brings out the true asset nature of these devices by being able to monetize unused potentials of the device.
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.
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.
primarily contains three sections; machine learning algorithm, blockchain and encryption/decryption protocol. All working in unison to ensure security, flexibility and affordable decentralized cloud computing and storage services to allow for further AI development.
IAGON'S Machine Learning Algorithms.
IAGON is a self-learning platform. Through it's ML algorithm, It's constantly making decisions in its dynamic environment with the aim of optimizing performance through a method known as Reinforcement Learning. Based on the Markov Decision Process, the platform continues to determine an optimized reward system that improves it's performance.
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
- 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.
- 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.
- 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.
IAGON Encryption/Decryption Protocols
The importance of data security cannot be overestimated and IAGON understands this. To consolidate its blockchain SHA 256 hashing algorithm, it encrypts all it's stored data with the AES-256 encryption standard such that only the data owner indicated by being in possession of the private key can decrypt, read, delete, change, retrieve the data from all the encrypted and distributed file slices. In other words, IAGON provides more than a "surface solution" to data security unlike the data lake architecture which only has a frozen top like a lake during winter. IAGON drops the temperature further until the entire lake is frozen to avoid free access when there's a hack by encrypting all stored data.
Iagon open source platform architecture is a layered collective of unique functionalities consisting of a server layer, Artificial Intelligence or Machine Learning Algorithms, blockchain layer and miner nodes, nor forgetting encryption and decryption protocols. These interconnected capabilities are designed to create a framework able to both offload efficient computation on multiple miner CPU/GPUs and to execute the algorithm learning process on a computing cluster hosting in both cloud and Grid/HPC environments.
When a user uploads a file and presents a processing request to Iagon’s server, the machine learning algorithm sends blocks of corresponding data randomly over to the miners to process in order to locate matching signatures. These blocks of data are then returned back over the blockchain which is validated along with an output that the machine learning would use to identify a node.
In this environment, the blocks are distributed equally to miners by utilising the Proof-of-Variance (PoV) algorithm and a further crucial feature is that data isn’t stored within their local system and this implementation guarantees that the data is processed anonymously with each separate node being effectively undisclosed to each other except through the machine learning algorithm.
Whenever blockchain is mentioned, there's a weight of integrity the name suggests to those who know about it. IAGON ensures node honesty using the blockchain. To facilitate development in order to be able to compete in this very competitive space, IAGON operates a private blockchain but allows for user flexibility by supporting multiple blockchains namely; Ethereum and Tangle.
Blockchain allows data provided to be broken into blocks and sent across nodes according to it's consensus algorithm. IAGON which makes an unconventional use of the blockchain, makes use of the proof of variance algorithm, which allows miners to be upgraded or degraded based on their performances and contributions to the platform determined by algebraic and probability theories. The healthy competition between miners on the network is fair and encourages newer and existing miners as they profit from mining data and increasing processing assets.
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.
with the urgent issue of storage and data encryption, the anonymity of information and its protection is of utmost importance. Iagon's aims to achieve supercomputing capabilities powered by Artificial Intelligence and blockchain technology is a masterpiece that makes affordable, decentralized storage and computing services available to both the enterprise involved and the individual.
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.
IAGON'S Tokenomics
For more information watch this short introduction:
More Information & Resources:
- 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.
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