Cloud computing – HiveNet solution

By casperBGD | ICO.IEO.STO review | 2 Oct 2019

this is a repost from my steemit account - @casperbgd


High demand availability is hard to achieve at home, and that was the main development enforcer for cloud computing services to be provided, where companies offer cloud computing services to clients. It is an emerging industry and required capacities are higher each year, while competition is getting bigger and bigger, with all major companies included. There are also storage services for file sharing, like WeTransfer and similar, that are offering their HDD capacities as a service. Required capital expense to enter this market segment is high, since there is a requirement for data center housing, server and computer equipment that need to be installed, and operational expenses are high, since all equipment maintenance requires skilled workforce, committed to this project, to be operational without major breakdowns.

On the other hand, computing power of existing computers at work and at home is used at only fraction of time, since office working hours are 40 hours per week and home computers are used even less. HiveNet is proposing a solution that will change this fact and provide computer owners with extra money for renting isolated parts of their computers, while ensuring security for the owner’s data and operating system on the computer. Win-win situation will provide users and clients with cheaper service, since there is no additional investment in computing power, which is existing and partially used by computer owners, as prior to the commit to rent service. Users will pay only for the used service, there will be no fixed price for pre-booked service. By receiving their reward for renting computer power, users will maintenance their computer to be operational, and large amount of service providers increase service level availability to without-downtime service.

From the environmental view, usage of existing computers will decrease amount of generated electronic garbage, while the used energy will be mostly the same, even if server computers in data centres have better energy efficiency, data centres are using high amount of power for cooling, which is compensating benefits from better efficiency, and energy amount shall not be increased with home and office computers utilization. HiveNet will process request from users, distribute them to computers and provide fair reward, based on actual usage.

Three main participants in the HiveNet ecosystem are customers, providers and stackers, as described above. All of them are contributing and benefiting from the ecosystem, with customers receiving service on a better or same quality for decreased amount, providers utilizing their unused computing power to the network, for a reward, and stackers are HiveCoin owners, that use HiveNet client and present a node in the network, with Proof-of-Stake deployed as efficient consensus mechanism.

HiveNet prototype is already developed, with customer tasks distribution, decentralized computation, results provided to the client, rewards through test coins and dedicated blockchain implemented in a test solution, operation on MS Windows and macOS operational systems. Public alpha testing is foreseen for next year, and HiveNet to be live in 24 months, or Q4 2021, or within 36 months with all planned features, depend on amount of money that is raised.

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