Over the past couple of years, Cloud computing has transformed itself from being an alternative platform for secondary processes to the one that businesses trust their mission-critical processes on.
A new report by IDG suggests that 73% of the organizations [who participated in the cloud survey], have at least one application integrated into the cloud. There seems to be no stopping as worldwide spending is expected to reach $162 billion by 2020.
For businesses, cloud enables innovation acceleration and unmatched scalability. Small businesses can rely entirely on the cloud for all their institutional needs and critical processes.
One of the advertised benefits of having a cloud solution is that it would cut IT costs to a minimum. With no infrastructural investments and companies just paying the cloud provider, the cloud was set to provide superior benefits at a fraction of the cost.
Getting back to 2018 Companies are finding out that Cloud computing is costing much more than what was initially expected. Cloud services charge users based on a variety of factors including storage use, accessibility levels, processing thresholds and much more. With such a system in place, businesses end up paying more than what was initially expected, especially when companies use Cloud to complete high workload processes. This coupled with the underutilization of cloud services mean that the industry is still inefficient.
The main reason for these price hikes is attributed to the fact that services still being centralized and large service providers like Amazon and IBM have a massive say in what happens within the industry. Experts suggest that the implementation of blockchain and subsequent decentralization would significantly reduce the cost associated with cloud services.
Unchainet- A blockchain governed cloud platform
Unchainet is a one-of-a-kind heterogeneous cloud platform that takes the help of blockchain to cut costs and improve efficiencies. Unchainet aims to cut inefficiency on the cloud by helping crypto miners and other providers to efficiently allocate the unused resources to the entities in need.
By creating a platform where clients can choose providers, costs for resources will remain minimal when compared to the likes of AWS and Azure. Unchainet further drives down prices by using the native UNET tokens to complete transactions within the platform.
5 Important pointers for Unchainet’s next-gen cloud solution
The cloud marketplace
The Unchainet cloud marketplace will connect thousands of providers like crypto miners and data centers with client’s requiring resources. By using the UNET tokens cloud customers can instantly purchase computing power on the platform. Clients will have the ability to select their requirement regarding CPU cores, memory options and much more. Providers on the UNET platform can freely list their resources.
The Quality of Service chain by Unchainet will evaluate each provider based on service reliability, network throughput, quality level, computer types, etc. The QoS chain will regularly remove underperforming and bad nodes from its network. A quality score will be provided for each provider on the network. By enabling the QoS chain, Unchainet will offer unmatched quality that will rival the likes of Amazon and Microsoft.
Docker & Kubernetes integration
By using container orchestration systems like Docker and Kubernetes, businesses with existing containerized applications can easily switch to the Unchainet platform without additional costs and complications. The platform will also accommodate all the existing functions of clients.
The UNET blockchain is inspired by the Tendermint and Red Belly blockchain. It will be capable of handling 10,000+ transactions per second. Moreover, existing users and startups can use the UNET blockchain to build their Decentralized blockchain apps. The UNET blockchain makes transaction costs free for individuals and minimal for businesses.
Other than integrating your applications on its platform, Unchainet users on the platform can perform data-intensive tasks like big data processing, video rendering, AI training, and web hosting. Clients can select between spot computing which provides instant cloud services and on-demand or long-term computing.
The Unchainet Web console administers all actions on the platform.
By providing a heterogeneous provider client market, Unchainet aims to cut cloud computing costs to an absolute minimum. Blockchain integration on the platform will enable purchases to be done instantly using the UNET token.
Unchainet will also work to reduce the inefficiencies on cloud platforms by enabling data centers and crypto miners to allocate their resources in return for UNET tokens.
The UNET token sale has already started, and Investors looking to participate in the Unchainet network can purchase UNET tokens by visiting the www.Unchainet.com website and clicking on the Participate in our Token offering button.
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