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Before we get started - An earning Opportunity with NOIA!

Readers here is a chance to earn passive income with NOIA. In fact, passive may not even be the right word as those interested will be doing nothing and earning NOIA tokens. And those interested in maximizing their income can refer friends and earn more! 

All these details at the end of this article. So, read till the end!  

The best is saved for the last!

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Introduction

The borderless world, as envisaged in the book “The World is Flat”, is already here and in many ways is enabled by the internet. Since the innovative launch of the World Wide Web (www) in 1991, the internet has been a medium of interaction ever since. A content provider can have an audience from anywhere in the world and there is no stopping a good artist, writer, or even a job provider from reaching out to the masses. This has also resulted in the evolution of information over the years. Earlier a simple chat was good enough for connectivity, however, as we progressed, images, videos, and podcast became popular in connecting people. Everything from education to nature conservation, from how-to-do to what-not-to-do was made in a video form and uploaded on any of the video hosting sites. But here’s where things started to get a bit difficult.

Since video and image files were heavy as compared to text files, they also required a larger bandwidth for the transition from the hosted site to the user’s site. And if the geographical distance was larger there would be issues with latency and in some cases quality. To counter this, the images and videos were cached in spread out locations acting as Point of Presence (PoP) or Data Centers (DC) which would make them available to users requiring them. This helped in managing reach to a certain extent.  

However, a more chronic issue came to the fore thereafter. The bandwidth availability and hence access varied across geographies. While the North Americas, APAC and Europe could be termed as ones having good network connectivity, the South Americas, Middle East, and Africa made up the other side of the spectrum with relatively less network bandwidth and hence connectivity. Even with a well-spread out Content Delivery Network (CDN) the problem of speed and quantum of access would remain. This condition is only set to get worse if not addressed effectively. Why so?

Take a look at the graph below:

What we are looking here is the fact that the CDN market will grow to USD 31 billion in 2022 while the web-hosting market to USD 154 billion. The reason for CDN growth is not difficult to see. Usage of videos and images will only increase, and we haven’t yet touched upon the bandwidth need for AI, Machine Learning, Gaming, etc. which are all resource intensive (Database and Bandwidth). In fact, web solutions employing AI or even IoT, are at the moment only at a nascent stage, we can only imagine what would be the infrastructure need when these solutions grow. In short, the growth in web-hosting services is not in line with this expected growth in solutions of the future.

So, what do we do? 

Well, we look at the blockchain for a solution. And who better than NOIA to show us the way!

Let’s get to know NOIA and their blockchain solution

Before we get to know NOIA in detail, there is just one more variable that needs to be understood. We are talking about the growth in the Personal Computers (PCs) and their configuration. Today, we are looking at computers with greater processing power (i3, i5, i7) and huge storage space which is in TBs (the days of GBs are passing). Which means, with not much of change in the habit of an individual PC user, the user’s PC is becoming more powerful and more spacious. Which also means more of idle bandwidth and more of idle space, and this is only set to rise in the future. Can this be put to use in some way? 

Well, NOIA seem to have thought about this more than most of us have and they have a unique solution. The gist is quite simple to understand, we just saw how there is a growth in idle bandwidth and space at the hands of individual users and many of them are connected to the network too. Which means, these can act as virtual CDNs and can host data to make it available to the nearest user. When this happens we are automatically addressing the problem of shortage of web-hosting services of the future. In fact, if this is turned into a commercial model, the users sharing their unused space and bandwidth can earn from it. This is what NOIA has come up with as a solution.

NOIA’s whitepaper describes them as follows:

NOIA is the next-generation content scaling network, powered by blockchain technology. It utilizes unused bandwidth from computers around the world to create a widely distributed, efficient and integral layer of internet infrastructure for global content delivery. 

By applying the next-generation peer-to-peer (P2P) file sharing protocols, artificial intelligence (AI) and blockchain technology, NOIA aims to combine hundreds of thousands of computers to serve as a POP in one single “intranet” and provide an opportunity to every web content provider in the world to use this “intranet” to deliver their content to a global audience.

Since it is a blockchain solution, decentralization is at the heart of it. This also means that the solution does not have a single point of failure which would be the case with traditional CDNs. Also, NOIA doesn’t project itself as a competition to current CDNs, rather, they can be seen as an optimization layer or content scaling layer which can work with traditional CDNs as well.  

The solution is deployed through a smart contracts layer which governs all relationships in the network. NOIA’s aim is to create a huge automated network of nodes capable of interacting and allowing the flow of value as written in the smart contracts and thereby, realizing the most-reliable, cost-effective and efficient content delivery service. 

Here take a look at a video explaining NOIA network by the NOIA Team: