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| Press Release

DeepCloud AI Set to Host Hackathon at Global AI Conference in Lead Up to ICO-Pre Sale

SANTA CLARA, CA / ACCESSWIRE / January 14, 2019 / Once dominated by centralized cloud computing service, the Internet is transitioning to a new phase of scalable Web 3.0 applications and the foundation for secure IoT devices as part of an emerging trend towards decentralization.

DeepCloud AI is at the forefront of innovation in decentralized cloud computing, poised to disrupt the long-standing dominance of centralized cloud services. Employing an AI-driven resource allocation mechanism and blockchain-agnostic network design, DeepCloud AI aims to provide the foundation for the next generation of P2P and IoT applications.

Traditional centralized cloud service platforms - like Amazon's AWS and Microsoft's Azure - are not geared towards applications which require efficient resource allocation close to edge devices. Further, centralized services that use massive data silos are subject to security vulnerabilities and high transaction costs.

Overcoming the hurdles facing centralized services has the potential to democratize access to computational resources, improve efficiency, and enhance security for mainstream users and enterprises alike. DeepCloud AI is targeting open marketplaces of applications underscored by network resource providers and an ecosystem of developers.

The DeepCloud ICO Pre-Sale and Salton Release

Following the launch of the DeepTransfer file sharing service on the DeepCloud AI platform, the team has announced the details of their ICO pre-sale - beginning on January 29th and ending on February 28th - in the run-up to the Salton Release.

The KYC registration for the pre-sale is open now, and pre-sale participants will receive a 10 percent bonus.

DeepCloud AI also announced their first hackathon in Santa Clara, CA, which is set to attract developers to the platform. Participants in the hackathon will compete in deploying applications on the platform, including prizes in the areas for:

  • Best AI@Edge Application

  • Best IoT Application Benefitting From Edge Computation

  • Best Blockchain Application

  • Best Application Using Intel SGX

Intel is sponsoring the AI Vision Kit for the first prize at the hackathon, and other prizes include the Intel Neural Compute Stick and an Intel Hive Wireless Speaker. Any developer who is familiar with docker and can package and run their apps as a docker container is eligible to participate. Hackathon tickets through the Global AI Conference are free to attract more developers to the competition.

Hackathons are a popular method for garnering more widespread developer activity. The integration of Intel's SGX with the platform should serve as an intriguing prospect for secure enclave computing for IoT applications, which are notoriously susceptible to hacking.

The Future of Cloud Computing

The competition in cloud computing is ramping up as centralized services are facing legitimate competition stemming from innovative technologies fueling the growing sentiment of decentralization.

Specifically regarding Infrastructure as a Service (Iaas) - which is pegged by Gartner to reach $34.7 billion in market value by 2020 - the opportunity for cloud infrastructure that supports micropayments and trust-minimized applications is enormous.

One of the most promising capabilities of decentralized cloud computing is the rise of open marketplaces for resources. DeepCloud AI uses its DEEP Token - which will be offered in the pre-sale - to fuel the marketplaces between resource and application providers on the network, properly incentivizing participants.

Participants including enterprises, developers, and service providers can all interact with AI tools, cheap computation, and low transaction costs. Businesses can monetize excess processing capacity such as storage and networking, without being confined to the walled gardens of centralized services. Further, mainstream users can tap into powerful computing resources at lower costs and with much more energy efficiency than what centralized models offer.

Similarly, developers can benefit significantly from focusing solely on core logic for their applications rather than worrying about the costs associated with deploying computational resources close to edge devices. Transactions performed on the blockchain design of DeepCloud AI also enable near-zero cost transactions, which has crucial consequences for micropayments.

The mental accounting barrier of microtransactions is primarily driven by the limiting characteristics of legacy payment rails, and using low-cost transactions via a blockchain can help enable a new era of micropayments between devices.

Perhaps the most distinct feature of DeepCloud AI that separates it from other decentralized cloud computing platforms like Golem and Storj is its use of AI for resource allocation. Blockchains and AI have a symbiotic relationship, and using AI over a decentralized network leads to efficient real-time decision-making on distributing resources. AI is rapidly gaining traction among proponents of more efficient computation allocation, which is one of its most profound initial applications in cloud networks.

As DeepCloud AI gears up for their ICO pre-sale and the launch of their Salton MVP, the broader cloud services industry is transitioning to a more competitive playing field. Democratizing access to a largely walled market, decentralized cloud services can enable a new generation of secure and scalable edge device applications.

Media Contact:

Jennifer Spencer
jennifer@energentmedia.net

SOURCE: Energent Media



View source version on accesswire.com:
https://www.accesswire.com/532664/DeepCloud-AI-Set-to-Host-Hackathon-at-Global-AI-Conference-in-Lead-Up-to-ICO-Pre-Sale

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