Home / Blockchain / This blockchain-based company has garnered $ 30 million to build a new internet & # 39;

This blockchain-based company has garnered $ 30 million to build a new internet & # 39;

Cloud computing has quickly become one of the biggest innovations introduced by the Internet. Cloud storage has enabled many companies to simplify their operations, while allowing families to share photos and videos with the people they care about. And when appropriate security measures are used it can also reduce the risk of data theft.

But cloud computing is not without challenges, especially when it comes to monetization. Amazon, Microsoft IBM and Google at the time account for almost three quarters of the cloud computing market share . This is a lot of revenue that does not see much in the way of public distribution.

This is something that DADI (Decentralized Architecture for a Democratic Internet) tries to change. This global blockchain startup has already accumulated almost $ 30 million in funding, all in an attempt to create a "new Internet" in which everyday families can become major contributors to cloud computing and even generate passive revenue in the process.

DADI do?

Ultimately, DADI hopes to serve as a decentralized network that will allow users to create, archive and deliver content – incorporating the principles of fair distribution that helped promote the creation of the Internet [19659004] Rather than forcing everyone to rely on data centers owned by a few large companies, DADI's focus is on peer-to-peer collaboration. The network would use its programming to find the sources of computational power available and then deploy cloud-based activities based on the capacity of the device. Of course, the system also allows people to create dedicated nodes specifically designed for DADI hosting.

This unique approach would allow nearly all cloud-connected devices to act as a node to support computational tasks – the DADI team also works on using everyday products as smart speakers and WiFi bulbs as potential nodes .

Unused capacity from one of these connected objects could be used to support the cloud.

With a widespread and decentralized cloud system, web users no longer need to rely on the dictates of an important company. Instead of having cloud storage restricted to a few large data centers, cloud computing would become a truly global operation.

Socially motivated changes

DADI's efforts to build a new approach to cloud computing are not simply the development of a user experience – it is also designed to create positive social changes.

As Product Director Paul Regan noted in a blog post "In forgetting how easy unlimited access to the Web has made our lives, we need to remember how far it is supported by open and fair practices This means non-sleepwalking in giving irreversible control to large digital service companies that should at least be shared by everyone – or at best be a fundamental human right. "

With a decentralized cloud system, users Web will benefit from fair prices and more flexible rates, as well as improved performance efficiency and security enhancements associated with blockchain technology.

Perhaps even more noteworthy, however, is the way in which network participants could ultimately use their network capacity to generate passive income. When the unused capacity of an individual's laptop or smartphone is used for cloud computing, the revenue generated by that activity will not end up in the pockets of corporate executives.

Instead, most of the revenue will go directly to the person who provides their bandwidth. For families with different home-connected devices, potential earnings can increase rapidly.

This decentralized approach to cloud computing could also make a difference to the environment. Although data centers have become more efficient in recent years, they continue to be a major producer of harmful emissions.

Because users expect the Internet to be available at all times, these facilities constantly consume energy. As stated by Duke University "the simple possession of a Gmail account for one year emits 1200g of CO2."

By exploiting the unused capacity of individual household devices, the DADI network could significantly reduce the emissions produced by these sites, reducing the environmental damage that results from our dependence on the Internet.

Building a new future

At a time when net neutrality is under attack and when wealth inequality is increasing in several countries, the socially aware goals of DADI certainly seem ambitious .

But we live in an age where we can no longer afford to be just passive Internet consumers. This can easily create a situation where a fair and accessible access to the Web is dictated by the whims of a single company.

By using blockchain technology to revolutionize cloud computing, everyday users will be able to exercise greater control over how the Internet affects their lives.

As this "new internet" takes hold and a more equitable form of wealth distribution is implemented, more people will improve their economic situation – a future that deserves to be invested.

This post was presented by The Cointelegraph and should not be considered a TNW investment advice. Yes, TNW sells advertising. But we sell ads that are not disgusting.
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