Cloudwith.me aims to decentralize cloud services using a blockchain-based peer-to-peer infrastructure functioning on the Ethereum-based Cloud token, all while keeping the infrastructure easily accessible to users.
As a first step, Cloudwith.me has already established a service for simplified provisioning and setup of cloud services, reducing the process to just a few clicks, and is engaged in partnerships with Amazon, Microsoft, and Google Cloud. Cloudwith.me makes it far simpler for non-enterprise users to set up and manage the cloud services they need, including use of additional software packages (such as WordPress, Drupal and Magento, or an email, database or FTP server).
The next step will be to facilitate the creation of the Crowd Cloud – a decentralized cloud hosting grid that allows cloud-based applications to automatically scale across millions of individual providers contributing computer resources and receiving continuous income for their use. Cloudwith.me’s infrastructure will enable individuals to monetize all their devices: smartphones, tablets, PCs, and even smart appliances. In return for contributing portions of their available storage space and processing power, individuals will garner Cloud tokens in a steady monthly income, which can in turn be used to purchase cloud processing services when required. Cloudwith.me will also enable private blockchain networks which can be employed to manage databases or peer-to-peer file sharing within a business, or even to utilize idle CPU across all of a business’s devices.
Cloudwith.me’s infrastructure utilizes GridNodes, which encapsulate the cloud service distribution architecture, and an Ethereum-based Decentralized Application Protocol which facilitates the design and launch of applications on the cloud. The interaction between front-end software and application instances hosted on GridNodes will be similar to that of traditional cloud hosting, with the exception that requests will be routed through a grid-based load balancing system embedded into the GridNode (rather than one operated by a single service provider). When deploying an application to the grid, the application owner will specify the necessary GridNode requirements (including security and regulatory compliance) and only GridNodes that meet those requirements will be eligible to bid for the right to deploy it. The Cloud token will be used to automatically distribute payments to GridNode owners and Crowd Cloud participants, as well as to provide access to admin functions (entity description, performance metrics, etc.). Cloudwith.me intends to use the proceeds from its ICO to deploy a critical mass of GridNodes on a global scale, actively promoting the recruitment of GridNode service providers, and expects the Cloud token to gain significant liquidity due to its immediate implementation in these services.
With an established client base, Cloudwith.me plans to transition to a decentralized cloud service in parallel to providing access to the major cloud service providers, allowing users to see the difference in price and performance. An application running on a GridNode might utilize decentralized storage based on Storj or similar, or it might use Amazon S3 or Google Cloud Storage while running some of its functionality on Golem infrastructure. (Cloudwith,me notes Storj and Golem in particular as complementary solutions which have already demonstrated the popularity and cost-effectiveness of peer-to-peer decentralized cloud services.) A gateway component will enable the grid to provide a token-conversion mechanism or payment options for external services.
Given that the reliability and trustworthiness of cloud service providers and consumers cannot be entirely verified automatically, access to GridNode resources will inevitably be either prepaid or paid for after use; however, a reputation system (GridReputation) is planned to aid in the decision-making process. Furthermore, since there is no way to verify with absolute certainty that a GridNode (or the system on which runs) has not been compromised in any way, three approaches to increasing confidence are suggested: cryptographic assurance of the real-world identities of GridNode operators, spot inspections of GridNode operators’ facilities, and the use of cryptographic signatures attesting to the trustworthiness and authenticity of the provider.
Cloudwith.me says it will enable users to benefit from the largest cloud service provider services at 50% cost reduction, right from the start. The company expects the decentralization process to drive rates down to as low as 94% below current market prices, and ultimately, its goal is to place cloud services as a utility on equal status with running water or electricity.
|Token Sale Dates||Pre-Order 25-July to 24-August; ICO on 25-August.|
|Total Supply||60,000,000 total of which 50% are available for token sale, 46% allocated for reserve, and 4% for management and employees (with a 12-month lockup period).|
|Maximum Raise||300 million USD|
|Pricing Structure||1 Cloud token = 10 USD (with a bonus structure during Pre-Order).|
Cloud tokens can be purchased with USD or EUR (via credit card or bank transfer) as well as BTC or ETH.
|Holding of Funds||N/A|
|Technical White Paper||https://token.cloudwith.me/uploads/themepdf/cloud_ico_whitepaper.pdf|
Covers extensively the benefits of decentralizing cloud services as well as the company’s developmental trajectory, with a detailed business plan, architecture overview, and risk factors. Issues of trust and security as well as functionality are addressed.
|Team||Headed by CTO Asaf Zamir and CEO Gilad Somjen. |
Appears to be a small team .
|Prototype||N/A, but there is Cloudwith.me’s existing platform..|
|Token Rights||Buying and selling cloud services.|
*Disclosure – At the time of writing, cryptorated staff owned no Cloudwith.me tokens.