IAGON is an Open Source platform for harnessing the storage capacities and processing power of multiplecomputers over a decentralized Blockchain grid. IAGON enables to store big data fles and repositories, as wellas smaller scales of fles, and to carry out complex computational processes, such as those needed for artifcialintelligence and machine learning operations, within a fully secure and encrypted platform that integratesblockchain, cryptographic and AI technologies in a user-friendly way.The size of the cloud services market providing both storage capacities and computational processingcapabilities to companies and to corporates is estimated be 45 billion USD per annum and steadily growing yearon year.
The market is dominated by four major players: AWS, Google Cloud, Microsoft and IBM, all utilize centraland less trusted storage and computation facilities. Due to their oligopolistic dominance, the four providers ofcloud services set high pricing levels. These providers are also capable of hampering any competition andpreventing new market entrants from competing with them, due to the broad scale of their operations and theirsubstantial investments in data centers, servers and storage facilities.Interestingly, however, the demand for computational processing capabilities and storage is expected todramatically increase in the near future due to two major trends in the business and computing worlds: Big Dataand Artifcial Intelligence (AI). Big Data is the collection, management and storage of vast amounts ofinformation obtained from any internal or external sources (such as the company’s IT systems, social networks,sensors and so on). The data management of companies promotes collection and storage of any data related toits operations, clients and competitors, should a need to analyze any of these data ever present itself. The othermajor trend is the emergence of Artifcial Intelligence methods that “learn” from data on past operations, fndpatterns and business rules and predict future behavior. AI-based processes consume require vast amounts ofcomputations and consume signifcant processing power of CPU and GPU processes. The demand for storageand for processing power is expected to exponentially increase with broadening the introduction of AIapplications in new areas and with the widespread adoption of data collection from multiple channels (such assensors, social networks, data providers, etc.) and later processing them.
IAGON’s major aim is to revolutionize the cloud and web services market by offering a decentralized grid ofstorage and processing. By joining the unused storage capacity in servers and personal computers and theirprocessing power, we can create a super-computer and super data center that can compete with any of thecurrent cloud computing moguls.We aim at providing companies and individuals storage and processing services at a fraction of the marketprices and at a better security level by connecting data centers, business computers and personal users andmaking use of their free storage capacities and their CPU and GPU processors during idle times. Doing so, IAGONovercomes the entry barriers imposed by the high level of investments required to compete in this market.Our token-based economy is based on computer, server and data center owners who join the storage andprocessing power grids. In return for sharing the capabilities of their machine, they will be granted IAGONtokens that can be traded back to fat money, while any party who wishes to utilize their capabilities willpurchase IAGON tokens to distribute them to the parties that provide their services to the grid.
The storagemechanism will be based on Blockchain encryption and delivery of encrypted fle fragments to manystorage facilities. Contributors to the grid can publish their skills and free capacity and offer their service onthe basis of their experience, available resources and storage space and bidding on price. Advancedmachine learning and AI algorithms will assist in recommending prices to parties involved in this ventureand classifying them according to their price levels and assuring continuity of services and access to all fles.As more and more companies recognize the benefts of IAGON’s platforms for storing fles and processingthem, the demand will increase and so will be the demand for the token – the way customers pay gridparticipants.3IAGON’s token and platform are proven services with our Ethereum-based Blockchain beta version,proving the concept of blockchain-based distributed computing and storage grid. IAGON plans to supportalso the new and innovative Cardano technology that provides an alternative, rapid and lower cost solutionfor operating the Blockchain technology. Thus, IAGON will establish blockchain on Ethereum andimplement Cardano technology – providing the complete fexibility and freedom of choice to our usersand miners.
Further developing our platform and the client program that will be used by any party that would like to join ourIAGON grid and beneft from its unused computer resources. IAGON will offer the lowest fees in the cloudindustry to customers who purchase storage capacity and/or processing capabilities, as both are abundant andcan be fully utilized and scaled, inter-connected by our platform.IAGON developed and released its beta version (MVP) of its storage grid and the miner’s application forinstallation on Windows, Linux and iOS. The storage grid supports the upload of fles, their encryptionvia SHA256 and the Blockchain, the distribution of fle shards between miners and the secure retrievalof fles stored on multiple nodes by the user.IAGON’s team works hard to support the reputation of IAGON as the leading platform for storage and processingservices, enhancing its adoption among users that allocate their computational resources and among potentialcustomers.