Tens of millions of companies have opted for cloud computing enabling staff to work from wherever on any device. This is the new regular for any SMBs, with larger corporations additionally looking for to reduce costs by enabling employees to work from home. Fewer desks, less lease, no want to purchase costly in-house servers and employ someone to keep up them. It’s common to attach with colleagues worldwide at an agreed time that (almost) suits everyone. Cloud companies also offer a safety net – With the risk of physical damage to servers, natural disasters, electrical outage and worse that may probably shut a site, the smart option is to store and run a enterprise from the cloud.

With the price of cloud companies ever rising and making it impossible for SMBs in rising markets to achieve their potential, Cloudwith.me, primarily based in Dublin’s tech hub, saw a possibility to decentralize the cloud and make it accessible to all.

To fund this imaginative and prescient, Cloud With Me launched the cryptocurrency Cloud Token. Cloud Tokens (CLD) are set to hit fundamental Bitcoin and Altcoin exchanges starting from the 21st of September when their worth could begin to skyrocket due to purchaser demand within the token that goals to finally decentralize cloud services. The vital concern here shouldn't be only distributed computing, it’s the flexibility to have a working network that is liable for the decentralized compensation for the usage of the computation. The Ethereum blockchain technology permits a manner of compensating individuals (with Cloud Tokens) for giving their computation power to the decentralized cloud.


As written within the Cloud Token White Paper: The cloud-hosting area is at present very removed from excellent competition. It has been described by some as an oligopoly: a market dominated by a handful of main gamers, the place no new participant of any significant measurement can enter. An oligopoly has a natural tendency to drive prices approach above what they is perhaps in a very competitive market.

With different blockchain primarily based cloud services launching their very own cryptocurrencies (corresponding to Storj, Golem, and iExec), Cloud Token is probably not considered unique on first appearances. As Cloud With Me’s co founder and CTO explains in his blog, the difference is in the enchantment to the masses. This is just not a cryptocurrency that alienates the less technologically advanced. Their objective is to make cloud services available to everyone – regardless of tech expertise, at a significantly reduced rate (reduction predicted at 94% at the 3-year mark). Globally, people who had beforehand been priced-out will be given access to an "open playground".

"The purpose is to create a decentralized peer-to-peer cloud-based mostly ecosystem that will enable tens of millions of people globally to share, operate and get the monetary benefits from any cloud service and application directly between them in a trusted and environment friendly manner; from music to social insurance and funding providers, in a wholly secure and private environment. We call it the Crowd Cloud." Asaf Zamir. Co-founder and CTO

The funds raised by the sale of cloud token wallet, please click for source, Token will be used to deploy a global GridNode infrastructure – The framework for building the Crowd Cloud.

Millions of gadgets across the world might be able to contribute redundant computing energy to the cloud. While you’re sleeping, your laptop, phone, pc, and so on can donate spare processing power to a communal decentralized cloud via a GridNode assigned to you. Cloud services within this ecosystem might be monetized with Cloud Tokens. Contributors will earn a steady revenue for donations, and buy any cloud providers needed at a fraction of the cost.