The resources delegated to cloud computing tend to “dip a hole in the financial pockets” of many companies around the world. Indeed, cloud computing came with many potentialities, top of which is the massive inputs it has made in the calculation of items over the Internet.
However, the potentialities of the industry began to take a nose-dive when monopoly from brands like Amazon Web Service (Amazon), Azure from Microsoft, and GCP from Google lead to the dictation of prices. In that instance, the end-users or customers would have to “bear the brunt” as these leading cloud computing companies continue to make profits off them.
THE BLOCKCHAIN SOLUTION
Blockchain technology has been tipped as the most disruptive technology of its time. The positive strides it has recorded in the last decade since inception is a clue that the network is not only here to decentralize and restore power to the end-users but to also chart the way forward for maximum productivity of the areas it is applied to. Therefore, the application in the cloud computing industry is expected to be fruitful as usual, especially with a platform like HiveNet
WHAT IS HIVENET?
HiveNet is a blockchain-based platform that is poised to take the cloud computing industry to the next level. The varieties of features it has in stock alongside the integration of the blockchain technology are designed to empower the stakeholders in the cloud computing industry to take the needed steps to push the industry to the next level.
HOW DOES HIVENET FUNCTION?
HiveNet has a suite of features that would be used to facilitate the growth of the global cloud computation industry to clock the $330 billion milestones before the end of the year 2021. Highlighted below are some of the functionalities of the platform.
• Engineering the Use of Idle Computers
The time has come to make the most out of cloud computing. The hitherto idle computers that are left unused for several hours in the day would now be put to good use courtesy of the HiveNet platform.
The HiveNet platform does that by convincing the companies and individuals that have “idle computers” or computer systems that are not in use for some time to rent the same to the HiveNet platform. The individuals and companies that conform to the dictates of the agreement would be paid with the HiveCoin and can use the same token (HiveCoin) to pay for services within the HiveNet ecosystem. They can also withdraw the coin if they choose.
• Reduction of Costs
As more needs for cloud computation continues to grow, more computer systems would also be needed to complete the tasks. Hence, an increase in computing resources or capacities is equal to the rise in the addition of more computers to meet the needs. That informs the reason why many notable cloud computing companies have continued to purchase new computers.
However, the HiveNet platform has opened the pathway for growth with the renting of cloud computation resources from the providers and issuing the same to the organizations that need them. Moreover, the model ensures that cloud computing providers wouldn’t have to spend more on irrelevant cost drivers. Instead, they would rent additional cloud computing powers from the HiveNet platform.
EARNINGS FROM THE HIVENET PLATFORM
Of course, payments would be made to individuals and organizations that are willing to lease out their computing powers to the HiveNet platform. The platform would, in turn, pay them for the rendered services using its native crypto coin called the “HiveCoin.”
The HiveCoin has a dedicated media for spending it. Unlike many crypto coins that are difficult to use in reality because of the limited use cases, HiveNet has gone the extra mile to collaborate with many payment companies. In that case, you can spend your HiveCoin using any of the options highlighted below.
First, earners of the HiveCoin will be issued the HiveNet debit card, which doubles as a cryptocurrency debit card for spending the HiveCoin. Worthy of note is that HiveNet would issue the card in cooperation with a financial service provider, which is a way to comply with the regulatory requirements. Once the card has been issued, the holders can then use it to make payments at any platform or retail outlet that accepts the same for payments.
Aside from the spending of the HiveCoin using the HiveNet debit card, it is also possible to spend it using the alternative payment channels like Alipay and PayPal. The HiveNet platform is already working towards getting the support of the aforementioned payment service providers and many others in that clique.
Finally, for HiveCoin holders and earners that wouldn’t want to spend it, the HiveNet platform has made it possible for them to donate their earnings to a charitable organization of their choice.
CONCLUSION
Cloud computing remains a necessity in the ever-evolving world of digital transactions. Therefore, the decentralized approaches taken by the HiveNet platform in that regard are not only fascinating but have the potentialities of moving the industry forward.
Above all, the earnings accruable to the partners in the form of the HiveCoin are a dedicated move to bolster the spending of cryptocurrencies. Therefore, the stakeholders in the regular/conventional cloud computing industry may want to consider the decentralized approach that is exclusive to HiveNet.
USEFUL LINKS
Website: https://www.hivenet.cloud/
Whitepaper: https://www.hivenet.cloud/resources
Lightpaper: https://www.hivenet.cloud/resources
ANN Thread: https://bitcointalk.org/index.php?topic=5182414.0
Facebook: https://fb.me/HiveNetCloud
Twitter: https://twitter.com/HiveNetCloud
Linkedln: https://www.linkedin.com/company/hivenetcloud
Medium: https://medium.com/official-hivenet-blog/
Telegram: https://t.me/hivenet
AUTHORS DETAILS
Bitcointalk username- Corer
Bitcointalk profile link- https://bitcointalk.org/index.php?action=profile;u=2373697