Technology promised significantly reduced costs for processing power and data storage. Cloud’s introduction meant that small business could go toe to toe with their big brothers while spending much less.
Even though 2018 looks promising for Cloud, a few things are holding back growth. Cloud companies are making huge profits, but pricing for cloud services remains high. Consumers of the cloud are getting far fewer cost reductions than their expectations. Specifically, costs become a problem when the cloud gets used for applications with significant workloads.
Even though Cloud has evolved over the years, Security and Reliability is still questioned by many. Even with 47% of business data stored in the cloud, Chief Information officers remain cautious about transferring their mission-critical processes on to the cloud. Thus large-scale corporate level Cloud adoption remains low.
Blockchain technology is seen by many experts as the platform to ease the inefficiencies of Cloud. By running on a decentralized ecosystem, cloud computing costs will get significantly reduced. The concerns over data security will be eliminated as traceability applies to every single transaction on the cloud and existing data manipulation will cease to exist.
Unchainet – A heterogeneous cloud infrastructure powered by Blockchain
Unchainet aims to connect underutilized data resources with the people who need them. Unchainet will serve as a platform for users to purchase computing resources globally. Providers like crypto miners also benefit as they can allocate unused resources into the Unchainet network getting UNET tokens in return. UNET tokens are also used to make purchases in the Unchainet platform, and they can be exchanged with other crypto or fiat assets.
The native blockchain integration means that security is ramped up and transaction costs will fall. As Unchainet aims to utilize most of world’s underutilized computing power, it needed to have a system to check the reliability and quality of network providers. This is achieved by the QoS chain.
The Quality of Service [QoS] chain by Unchainet periodically checks each provider on the unchainet network for reliability, security, Network throughput, etc. The QoS chain will also add verified business providers who will maintain a consistent quality level in the Service.
Moreover, the QoS chain’s quality rating process will penalize providers or nodes that get identified as low quality and malicious. It will maintain a blockchain participant list where every provider will be listed based on their quality scores. By enabling the QoS chain, Service quality will remain high making Unchainet fit for large-scale adoption.
By providing enterprise users and small business with safe and cost-effective cloud service packages, Unchainet aims to compete with the likes of AWS and Microsoft. With Unchainet’s cloud infrastructure, users will able to complete resource-heavy tasks at a fraction of the price.
With native blockchain integration, CIO’s can finally transfer their mission-critical process on to cloud with confidence and with the QoS chain monitoring providers, high-quality services will always be provided.
Finally, Cloud efficiency will get to an all-time high as providers, data centers and crypto miners will be encouraged to allocate their unused resources in exchange for UNET tokens.
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