Today we are living in a world where centralized forms of organization of enterprises and state structures are becoming less popular and being replaced by decentralized forms of management organization. Also in order to avoid any damage to the enterprise and at the same time to move from a centralized to a decentralized management style a mixed type of enterprise management may be implemented and used which is developing individually for each individual structure or organization. But the essence remains the same, decentralization and democratization of society is becoming more popular from day to day!
And of course it is impossible not to note a few key dates which are known today among the entire IT community. The first is October 31, 2008, the day when a certain anonymous author who introduced himself as Satoshi Nakamoto published the so-called “White Paper” of his new project called “Bitcoin”, some absolutely new version of electronic money, where the transfer of funds takes place directly between the network members without participation of any third parties or financial institutions. At the core of the network was described a well-known for today blockchain technology. And the second date is January 3, 2009, the day when the genesis block of the Bitcoin network was created. These two dates are key dates in the history of Bitcoin and decentralization in general, because exactly Satoshi Nakamoto and his project "Bitcoin" proved to all the efficiency, relevance and economic advantage of decentralization of the financial sector of the IT industry.
And as you can see the society has adopted Bitcoin and the blockchain technology which it brings not just as a new and promising technology but as a kind of panacea for all financial problems with which the centralized and manipulated monetary systems of the world faces us.
But as you know the world does not like to stand on the one place especially if it is the world of IT. And for today the blockchain technology has found its use in the vast majority of branches of the IT industry including the area of cloud computing and data storage. And exactly about this industry i would like to talk about further. Or if be more precisely about a unique startup that aims to democratize this industry. It's about a project that called DeepCloud AI.
«Our mission is to democratize cloud computing and level the playing field for cloud resource providers and application developers»
- DeepCloud AI Team
The DeepCloud AI project is the team’s desire to create a unique cloud computing platform using the latest breakthrough technologies such as AI, Blockchain, Smart Contracts and decentralized cloud for processing and storing information. DeepCloud AI platform is something like a world decentralized market for computing technologies and resources. Both for business and for individuals who can share their redundant resources through the DeepCloud AI cloud and also launch their decentralized applications in particular for IoT and Web 3.0. And all this interactions will take place in a peer-to-peer network.
Business model
Exactly around the market relationships between suppliers of computing and storage resources (Network Resource Providers) on the one hand and developers of decentralized applications that use these resources to run their applications (Network Users ie Application Developers) on the other hand the future business model of DeepCloud AI platform is built.
Also besides the two types of platform users described above there is also the so-called Developer Community which provide open source tools for further use in the development of decentralized applications by the platform's users. Among them will also be the DeepCloud AI platform developers itself, especially at the very beginning of the platform's working cycle.
DEEP Token
DEEP is a utility token and at the early stages of project development it will be an ERC20 standard token in the Ethereum network. DEEP will be literally the main fuel of the DeepCloud AI platform and the main object of interaction between its users.
The DEEP token will primarily be used in all cases of payments within the platform namely:
- The providers of computing and storage resources will receive rewards in DEEP tokens and the higher the quality of the services provided the more remuneration they will receive;
- The developers of IoT and Dapp applications will pay DEEP tokens for using the resources of the platform to run their applications. Also they will need to stake some amount of DEEP tokens which will be determined later;
- Marketplace application providers whose role is to provide reusable open source tools for developing decentralized applications also receive DEEP tokens as a reward;
- Network nodes and miners will issue new DEEP tokens when performing tasks assigned to them by the platform and by validating network transactions and then recording them to the newly formed blocks of the chain. In the DeepChain network such nodes will also be called AI Controller, due to the fact that exactly their resources will be used by the AI Matching Engine when it matching requests and offers for resources between Network Resource Providers and Network Users.
Use of AI on the DeepCloud AI platform
An outstanding feature of DeepCloud AI platform relative to competitors is the use of Artificial Intelligence to match requests from application developers and resource providers as well as to manage automatic smart contracts that serve to launch decentralized applications.
This technology is a proprietary development of the DeepCloud AI team and is called DeepCloud AI's AI Matching Algorithm. Its implementation will significantly reduce the time and resource costs of interacting platform users.
The DeepChain
Also it should be noted that regardless of the use of the Nebulas blockchain technology on the first stages of launching and operating the platform in the future the project's team plans to develop and implement its own blockchain which will be called the DeepChain.
The goals for this blockchain are very high and optimistic even for today's market.
The DeepChain blockchain promises to be the next generation of development and it will be focused on working with AI. The DeepChain will also be focused on a corporate and government customers that requires a high network scalability and transaction speed, a well-chosen consensus mechanism and improved and extended smart contracts, that is not simple to achieve but completely real.
Also the project team declares that DeepChain will have a hybrid blockchain which will include both private and public components and at the same time will meet all the modern security and transparency requirements which today are accepted in the blockchain industry.
Another very important, innovative and complex features of the DeepChain will be audit log of all transactions in the network with control panels and tools for high-quality tracking and parameter settings, and a service for detecting and preventing fraud on the DeepChain network.
And although at the moment the DeepChain blockchain is present only “on a paper” it already attracts and stirs the minds of many experts and enthusiasts of the blockchain industry. And if the DeepCloud AI's team succeeds in successfully implementing all the functions listed above i predict this blockchain immense popularity and many different application scenarios and perhaps even different chain forks.
A few words about the project's team
The CEO of the DeepCloud AI project Max Rye once said:
"I saw the opportunity to democratize cloud computing and create a major disruptor in the industry"
He saw and he tried! He leaved behind all doubts and internal contradictions, surrounded himself with a real professionals and veterans of such industries as cloud computing, AI and blockchain, etc. and started implementing a somewhat crazy idea that has grown into a huge project today and continues to grow and evolve every day!
(The full info about project's team can be found on the website of the project and their LinkedIn profiles)
Every time when analyzing a new blockchain-startup first of all i'm paying a lot of attention to the project's team and its management because i think that the team and their ambitions are the main components of success. And in the case of the DeepCloud AI team a firm belief settled in me that the final goal of the project will definitely be achieved.
By the way some of the capabilities of the platform can be already tested now. For example the CEO of the Lunar Digital Assets Han Yoon in his video showed how to run your own website on the newly introduced by the project's team Huron platform. It is also important to note that the release of the beta version of this platform took place as a part of the iconic in the world of IoT and Blockchain event called IoT Expo which was held in Santa Clara, California. Read more about this release here.
Project's Roadmap
As we can see the roadmap is now shows us the company plans for almost three years including 2020. And the project concept is a quite fresh and was formulated in 2018 and the same is about the project whitepaper. The fresh concept is telling me about that the DeepCloud AI absorbed all the best from the current competitors on the market and will try to outperform all of them in all directions, and i believe it is completely real.
Also could be noticed that the roadmap is not too long that is pretty good for DEEP speculations on the market or just a token holding.
About tech releases, Huron Platform and Deep Transfers are quite unique, useful and meaningful releases which were appreciated by the developers community. But the main releases are still ahead and for me it will be DeepChain related ones, so i will wait patiently and hope that everything will be fine with them.
Main Enterprise Partnerships
All the above project's partnerships are real and imply deep cooperation between the parties of the contract or memorandum of understanding. Also among a not mentioned above but very important ones is a collaboration with the Nebulas blockchain startup that was announced on May 31st, 2018. In terms of this collaboration the DeepCoud AI platform will use Nebulas blockchain at the early stage of platform building while the DeepChain being built.
Another important one is a partnership with a Lunar Digital Assets, a global well-known blockchain consulting firm that will use their vast resources and connections in the global crypto community to develop a project management strategy and its community.
A Memorandum of Understanding with a National University of Singapore brings a lot of useful things too. The main of them are: an exchange of precious scientific, technical and academic information about AI, software engineering and design, programming languages, etc.; possible brain-exchange and cooperations in researches and developments in directions of decentralized cloud computing, distributed networks, artificial intelligence, etc.; identification and search for monetization opportunities of technologies which are the object of such cooperation; organization and participation in different scientific seminars and conferences from both sides of MoU, etc.
MoU with a Voyager Innovations Inc., imply an enhancing of the respective operations of both organizations through robust working relationships and similar vision of the market and value of new breakthrough technologies.
Summing up i would like to say that this project has a special magnetism which is amplified with an each hour of its study. And no one blog post could reveal the whole potential of the DeepCloud AI and all their tech innovations but i tried to do my best! Also i must to say that this project is not about the banal stuffing of the pockets, it is about technology, decentralization and democratization of the huge industry of the cloud computing. And if the team succeeds in realizing all their dreams and goals in full volume then very soon we will be able to see a new and bright star among the best modern blockchain startups with a huge number of application scenarios and users, and of course with a huge market cap of the DEEP token. I sincerely wish them that!
Some useful links