Background
The expansion of data processing and access necessitates infrastructural upgrades. Even if improvements are gradual, they must enable improved performance as technology advances in every business and more consumers expect excellent performance from each program, regardless of its size. According to International Data Corporation (IDC), the high-performance computing (HPC) industry will expand at a compound annual growth rate (CAGR) of 8% in 2019, bringing the overall market to $31.4 billion. From 2016 to 2020, the market for rendering and visualization software increased at a CAGR of 30.03 percent, fueled by 3D visualization devices, virtual and augmented reality, and high-end video games.
In 2017, global revenue from big data and business analysis hit $150.8 billion, up 12.4 percent from 2016. In 2020, when the turnover topped $210 billion, the commercial procurement of BDA hardware, software, and services maintained a CAGR of 11.9 percent.
The market for neural network software, for example, is anticipated to expand from $7.17 billion in 2016 to $ 22.55 billion over 2021. This is due upon unlabeled and freshly digitized data since neural networks are categorizing devices that make extensive use of computers. The market for advanced risk analysis is expected to grow at a 15.3 percent CAGR from $17.60 billion in 2017 to $35.92 billion in 2022. Artificial intelligence and other new technologies enable institutions to enhance underwriting choices and boost income while lowering risk expenses. All clouds, big data, and HPC economics might be disrupted by computer and block desktop grids.
Global investment in 2021, the market for cognitive and artificial intelligence platforms is predicted to generate $57.6 billion., according to IDC. Several methods for high-speed transaction processing through a blockchain crypto token are now available. Some of these solutions aim to speed up transaction verification by employing various approaches, however, they fall short of meeting industry demands, since existing systems can take up to minutes to verify transactions. Other approaches, such as employing direct acyclic graph (DAG) blockchain crypto tokens to tackle the problem, fall short since decentralized apps are not interconnected.
Distributed General-Purpose Computing with a Crypto Token Payment System
Genius Ventures’ goal is to create a system and technique for distributed general-purpose computing that includes a cryptocurrency payment mechanism. A sluggish blockchain crypto token is combined with a rapid DAG-based crypto-token in this payment system. This technology is based on Ethereum’s “Genius Tokens” smart contracts and enables the development of a virtual cloud infrastructure that delivers on-demand high-performance computing services. Genius Ventures aims to build a scalable, high-performance, secure, and managed infrastructure side chain that supports a new type of distributed management, with major players from the computing, big data, and cloud sectors participating.
We think that decentralized infrastructures and market networks will have a bright future. A future in which high-value data sets, computing resources, and big data and high-performance computing (HPC) applications are monetized on a blockchain with the maximum level of openness, resistance, and security. By developing a highly scalable, hybrid blockchain system, Genius Venture will play a crucial role in the future.
Market Challenges and Opportunities
Current Limitations
Blockchains, such as Ethereum, provide a fresh perspective on the development of decentralized applications (DApps). Ethereum enables programmers to create smart contracts and virtual machine applications (VM). This might usher in a revolution in the design and execution of services like investments, finance, corporate financing, the internet, insurance, market forecasting, gaming, and distributed data processing, among others.
The distinction between typical VM-based apps and blockchain applications is that blockchain applications use very little computer power. Only a few kilobytes of storage, a low-resource VM, and a high-latency protocol are required for blockchain applications.
Existing clouds are unable to fulfill the decentralized infrastructure requirements of DApps. Simultaneously, industry and science are growing their demand for increased computer power to implement large-scale statements including manage immense spans of data.
High-performance computing potential is required for applications that manage large data and employ artificial intelligence, machine learning, and other resource-intensive applications, yet small creative development teams typically lack the money and skills to provide, operate, and use it. Despite the fact that cloud providers provide lower prices than hosting on-premises resources, the cost of provisioning high-powered resources remains significant.
Data centers now need a lot of energy to power their servers and cooling systems. It is not only costly, but it may also have a substantial negative environmental impact. We require a new type of decentralized cloud that can leverage blockchain computing to decrease infrastructure costs.
The Genius Venture Solution
Technical Overview
By constructing decentralized cloud infrastructure, Genius Venture supports the burgeoning class of blockchain-based distributed apps and allows cost-effective, high-performance computing. The infrastructure integrates decentralized apps with DAG-based blockchain cryptocurrencies. In comparison to other known systems and solutions, our system is unique in that it offers a complete system that merges a slow blockchain crypto token with a fast DAG-based blockchain crypto token. When compared to other known solutions, the program is unique in that it allows apps and games to make use of idle computer cycles.
Developers create crypto tokens by analyzing data on devices with artificial intelligence or machine learning. Other cryptocurrencies and crypto tokens are typically obtained through a process called mining. To validate a block on the blockchain, miners utilize computer machines to solve complicated mathematical problems. This mining does not handle real data; instead, it is utilized to decide who completes the mathematical computation first to earn mining rewards. Exposure to the most economical cloud computing on demand, securely, and at a cheap cost possible with a blockchain-based decentralized cloud coupled with a hybrid cryptocurrency and crypto-token payment system.
DApps rely on Genius Ventures to identify, provide, consume, and release all computer resources required for their apps and data. We foresee a new ecosystem of businesses that supply storage, server farms, data providers, web hosting, and SaaS apps, all of which will transact business via Genius Ventures. The distributed cloud has the potential to open up new markets for the aggressive utilization of current computer equipment.
Core Value Proposition
We at Genius Ventures want to help all of the decentralized firms listed below.
- Off-chain calculations can be performed on demand by DApp providers.
- Application providers reduce the cost of computation for their decentralized applications by using a secure, dependable, and robust infrastructure.
- Through a customer interface on the customer’s protected servers, the client can pick artificial intelligence (AI) or machine learning (ML) algorithms.
- Instructions can be processed by stand-alone programs, embedded devices, or games that have the SDK incorporated.
- Server vendors supply their servers, allowing them to make use of underutilized computer resources and boost their existing infrastructure’s return on investment. A fast internal DAG-based blockchain powers the hybrid crypto token system, allowing transactions to be completed in microseconds.
- The code and SDK work on all platforms, including Windows, OS X, iOS, Android, Linux, Windows Mobile, Xbox, PlayStation, Nintendo, and the Internet of Things.
- There are practically no startup expenses for consumers, and they are paid to handle data. Both encourage consumers to play your game or download your app.
Genius Token Blockchain
The solution processes AI and ML data on the target device by using unused cycles on servers, mobile, and IoT devices. The end-user is compensated in Genius crypto tokens, which can be redeemed for in-app purchases or exchanged for other currencies.
Market Overview — Opportunities
The Perfect Timing
A perfect economic opportunity for decentralized cloud infrastructure has emerged as a result of the convergence of many trends:
Better DApp performance and blockchain integration are being introduced.
Servers get a greater return on investment when they employ idle resources for compensation. As a result, there is a vast pool of prospective resource partners.
Smart Contracts make the infrastructure of decentralized computing resources easier to manage, making them the go-to solution. The ideal method for developing distributed applications. The combination of these developments creates a niche in our target market that allows us to launch more effective cloud computing efforts. To meet the rising demand for high-performance cloud resources.
Conclusion
Given the foregoing, it is reasonable to conclude that, despite its youth, this system is revolutionary. The reality is that every program has advantages and disadvantages.
Blockchain and decentralized finance are becoming more and more well known since they are bringing a major transformation to the technology industry and provide us with a variety of answers to a plethora of issues individuals face in diverse industries.
Genius provides, among other various options, the aforementioned services. And it also maximizes service quality in this situation.
It offers innumerable advantages and puts consumers at peace about their investment.
Transparency is one of Genius’s fundamental values, Genius’s development/marketing teams always intents to align with the opinion of the community. No one is kept in the dark, as the team at Genius will continually keep the community updated with what is coming next.
In addition, whatever they acquire, the program continues to give back to the community. Giving back to the community they are built around shows they are here to make a difference. And the fact that they simplify things by removing all of the bulky and intricate proof of work that would normally boggle the head of a simple individual.
This is something they can work around more; this trait of over-simplicity may be their industry benchmark.
And the Genius Portfolio, an unusual decentralized concept, does provide services according to the user’s fund.
In addition, whatever they acquire, the program continues to give back to the community. Giving back to the community they are built around shows they are here to make a difference. And the fact that they simplify things by removing all of the bulky and intricate proof of work that would normally boggle the head of a simple individual.
This is something they can work around more; this trait of over-simplicity may be their industry benchmark.
And the Genius Portfolio, an unusual decentralized concept, does provide services according to the user’s fund.
These procedures and features make the program user-friendly for individuals who are still new to the crypto industry. Overall this program is secure with no chance of relapse for clients. This also proves that this project is going to be quite revolutionary in the world of crypto as a whole.
The development team at Genius is dedicated to maintaining its user’s trust since without their users StartFi wouldn’t have a community to stand with.
To Genius nothing is more important than its user’s faith in Genius’s initiative, as it is really important for the community to have faith in them, and Genius plans on prospering and growing as a family with its users, as its user are the more valuable asset to them.
This project is going to be quite revolutionary in the world of crypto as a whole. It’s the fact that so much is being given with almost nothing being gained by the project initially and also determining profit for the user is something not a lot of programs related to crypto do.
The fact that they provide a new kind of facility using crypto should also be a reason to praise them. Not many companies deal with this type of project even in the normal industry because it has a very fine line between white and black but they are doing it totally in the white area and also through crypto is a very unique and innovative idea.
All in all, Genius is a very unique program. They provide everything and a lot more than what other programs do. The fact that these all features can be provided with ease and also without any hassle is very beneficial and also quite revolutionary. It will manage all the users messaging and crypto-related business with efficiency. Users will also have complete control over their accounts.
FOR MORE INFORMATION
- Website: https://www.gnus.ai/
- Whitepaper: https://www.gnus.ai/wp-content/uploads/2021/08/Genius-Tokens-Whitepaper-1.0_Final.pdf
- Telegram: https://t.me/geniustokenschat
- Twitter: https://twitter.com/VenturesGenius
- Facebook: https://www.facebook.com/geniusventures.io/
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