DeepCloudAI Project and ICO Review: Blockchain Based Cloud Computing Platform

orcunland (6)in #cryptocurrency • 5 years ago

Cloud computing is one of the most promising technological improvements. It is very important for companies to use cloud computing specialities when the problem is scaling and providing service to a very wide range around the world.

But, what is cloud computing?

Cloud computing, often referred to as simply “the cloud,” is the delivery of on-demand computing resources — everything from applications to data centres — over the internet on a pay-for-use basis.

Elastic resources — Scale up or down quickly and easily to meet demand
Metered service so you only pay for what you use
Self-service — All the IT resources you need with self-service access

I believe you are seeing the problem. You are paying these amazing services to use them, but your technological solution is up to the person or company who controls the flow. What am I trying to say is, it is not decentralized.

Well, most of the companies are charging you higher than it needs to be, and they can close these services whenever they want.

Plus, they are not providing you with any income.

Here is the answer you need.

** Deep Cloud AI**

What is DeepCloudAI

DeepCloudAI is an AI-driven decentralized cloud computing platform to run your dApps. They are building a protocol that runs on top of a blockchain with smart contract support which allows users to provide excess computational and storage resources in return for payment in DEEP (their native token).

They are basically infrastructure as a service which is being shortened as IaaS. Their basic solution is giving you the opportunity to provide computational power and storage resources for financial rewards. In other words, you will be able to rent your storage and computational power to make a profit.

DeepCloud AI relies on the Network Resource Providers and Application Marketplace providers for the services that it offers on the cloud. DeepCloud AI’s Core Platform controller manages the resources and has the AI Matching engine for matching the Network Resource Providers and the Application developers. DeepCloud AI will allow using the computing power of the nodes for running decentralized applications.

Competitors and Differences

There are other projects that have the same vision, a few examples are Golem, iExec, and SONM. Apparently, DeepCloud has some differences from their competitors, and the best one is as they state, their use of Artificial Intelligence in matching users and excess resources using as a basis the user's requirements plus historical data.

Here is a scheme which represents the differences with big competitors:

DEEP TOKEN

The DEEP token will be the utility token which is going to be used in the platform. So, we may call it the gas of the platform. It will be ERC20 based.

Solutions

There are some amazing solutions which are going to be provided by the DeepCloud. Here are some of them:

Supply Chain

There will be a fabric kind of tool which is going to be provided by the DeepCloud. Enterprises and shipping companies with complex supply chain can run and deploy their blockchain-based applications onto this fabric hence they will be able to track all the transactions with a full audit trail, secure and tamper-proof.

AI based Algorithm Learning

IoT device consumers can monetize their own data with all the transactions. IoT applications with security and data privacy concerns will be able to run decentralized AI algorithms close to the edge devices.

Smart Cities

Decentralized Cloud Computing comes with very good use cases as you may have guessed. One of them is smart cities. Every smart city needs cloud-based storage, and AI is the surprise here. All local governments or companies can focus on the development of blockchain-based applications to make human life easier while DeepCloud is handling the rest of the situation.

Working Principle of the Platform

To understand the principle of the platform better, I am going to investigate it in three parts.

Users

Users are the customers in basic understanding. They are willing to use the platform to gain access or store their databases in it. Let's say you are an entrepreneur, and you are willing to use DeepCloud platform as storage service. So you need to pay in the DEEP token to the platform.

Nodes

There will be nodes in the platform, which are going to serve to the customers. These nodes will be run by the people who have enough amount of DEEP. These nodes will provide the services that we've talked about above, and the tokens that they are holding will be blocked till the end of the service, in other words, tokens of the nodes will be blocked until the task is completed. On the other hand, when the service or task is completed, node owners will be awarded with DEEP coins.

Before you ask, yes, as the service quality improves, the award becomes bigger.

Requests

There will be a controller which is going to direct requests after classifying them according to their complexity. Below is the schema of it.

Roadmap

DeepCloud has a crowded roadmap. They are willing to accomplish some of the most important features at the beginning and move forward with more solid steps.

Here is the roadmap they published:

Team & Advisors

Here is the list of team members and advisors of DeepCloud. I would encourage you to take a look at their Linkedin profiles. They have some very good promising people at the team.

Below screenshot shows the team members:

Below screenshot shows the Advisors:

Partners

Here are the partners of DeepCloud AI

Token Metrics

Hardcap: 15 million USD
Total token suply: 200,000,000
ICO Token Price: 1 DEEP = 0.25 USD

Token Supply Distribution

40% Crowdsale
20% Reserves
15% Bootstrap Initiatives
15% Development Team
5% Marketing Expenses
5% Advisors

Last Words

As far as I know, competitor projects are the first movers. They didn't have a good competitor till now. DeepCloud can surpass the market area with some smart moves. Being also a developer platform will provide some amazing community to them, and I believe their marketplace will be much crowded with these specialities.