The Company

IAGON is a platform for harnessing the storage capacities and processing power of multiple smart devices over a decentralized Blockchain/Tangle grid. IAGON utilizes and enables storing big data files and repositories, as well as smaller scales of files, and carrying out complex computational processes, such as those needed for Artificial Intelligence and Machine Learning operations, within a fully secure and encrypted platform that integrates Blockchain/Tangle, cryptographic and Artificial Intelligence (AI) technologies in a user-friendly way.

Cloud computing is an emerging computing paradigm that enables both information technology infrastructure and software to be delivered directly over the Internet as a service. IAGON delivers these services by utilizing the vast capabilities of Artificial Intelligence to connect users to services and decentralized applications in a secure and efficient way. Easy to use features and functionalities are synced across all smart platforms for single users or full-blown enterprises.

As the impact of AI and Big Data technologies on every field of our daily and professional lives increases, IAGON focuses on the delivery of Decentralized, Cloud Computing and Artificial Intelligence services that fulfill this growing demand. We continuously implement cutting edge and evolving technologies, including Machine Learning, Big Data, data mining, decentralized and distributed systems, as well as the Blockchain/Tangle technology. The decentralized nature of the IAGON platform opens a world where anyone can profit by joining our massive processing and storage platform. Users can benefit and enjoy a share of the revenues.

IAGON PLATFORM

IAGON is developing a secure platform for cloud computing services that are supported by the Blockchain technology (eventually Tangle as well), which fulfills the following aspects of its operation:

  • Secure and decentralized storage of data and files on a grid of data centers and smart devices that contribute their unused storage capacities to generate profits.
  • Secure altering of computational processing tasks and programs by utilizing unused processing power of smart devices and servers on a processing grid during their idle time (including both CPUs and GPUs).
  • A crypto-token system that enables users of the storage and processing grid to pay for services that they consume (i.e. securely storing files and processing information) while those who contribute their resources to the grids benefit from these tokens. The tokens can be traded and converted to money via cryptocurrency exchanges.

Currently, the market is dominated by four major players: AWS, Google Cloud, Microsoft and IBM which all utilize central and less trusted storage and computation facilities. Due to their oligopolistic dominance, the four providers of cloud services set high pricing levels. These providers are also capable of hampering any competition and preventing new market entrants from competing with them, due to the broad scale of their operations and their substantial investments in data centers, servers, storage facilities and marketing. IAGON is able to compete with these companies by uniting multiple unused smart device resources into one grid and offering decentralized storage capacities and processing power over the Blockchain/Tangle grid with a competitive and lower pricing.

Business Model

The cloud services market that provides both storage capacities and computational processing capabilities to companies and to corporates is estimated by 45 billion USD per annum and is characterized by ongoing and steady growth. The demand for computational processing and storage capacities is expected to dramatically increase in the near future due to two major trends in the business and computing worlds: Big Data and Artificial Intelligence (AI).

IAGON’s major aim is to revolutionize the cloud and web services market by offering a decentralized grid for storage and processing tasks. By joining the unused storage capacity of servers and personal smart devices and their processing power into one computational grid and allocating processing tasks and uploaded files, we can create a super-computer and a super data center that can compete with any of the current cloud computing moguls. Our solution is based on joining multiple servers and smart devices by utilizing their free storage capacities to store file fragments on an anonymous and highly secure manner and by operating their processors in idle times for parallel conduction of allocated tasks. Powering the computational processing and storage grid with the Blockchain/Tangle technology ensures the complete security of both miners and users, their anonymity and privacy and the complete integrity of the tasks and the files transferred, processed and stored on IAGON’s Smart Computational Grid (SCG).

Consumers of these services – both companies and individuals – can enjoy vast storage and processing capacities at a fraction of the market prices on a fully secured cloud platform. We overcome any entry barriers imposed by the high level of investments required to compete in this market, by connecting data centers, business computers and personal users and utilizing their free storage capacities and their CPU and GPU processors in a seamless manner during idle times.

Three major aspects of the developed platform are addressed by IAGON’s technology and solutions:

  • Big Data is the collection, management and storage of vast amounts of information obtained from any internal or external sources (such as the company’s IT systems, social networks, sensors, medical instruments, production line machinery and so on). The data management of companies promotes collection and storage of any data related to its operations, clients and competitors should a need to analyze any of these data ever present itself.
  • Artificial Intelligence is a collection of mathematical and statistical methods that “learn” from data on previous operations, finds patterns and business rules and predicts future behavior. AI-based processes require vast amounts of computations and consume significant processing power of CPU and GPU processors. The demand for storage and for processing power is expected to exponentially increase with the broadening use of AI applications in new areas and with the widespread adoption of data collection from multiple channels (such as sensors, social networks, data providers, etc.) and later with their advanced processing and analysis.
  • IAGON’s Token Economics is based on smart device, server and data center owners who join the storage and processing grids. In return for sharing the capabilities of their machines, they will be granted IAGON tokens that can be converted back to fiat money. Any party who wishes to utilize the storage and processing capabilities provided by our decentralized cloud platform will purchase IAGON tokens to distribute them to the contributors of the grid (i.e. “miners”) that provide their services to the grid. The storage mechanism will be based on blockchain encryption and delivery of encrypted file fragments to multiple storage facilities, so that none of the attributes of the file slices (origin, name, owner, data, storage place, etc.) can be identified or deciphered by any party, other than the user who uploaded the original file. Miners can publish their skills and their free storage and processing capacities and can offer their service on the basis of their experience, available resources and storage space and bidding on price. Advanced Machine Learning and AI algorithms will assist in recommending prices to users and miners connected to the Smart Computational Grid (SCG) and will classify them according to their price levels, continuity of services and access to files. Investors and holders of the IAGON tokens are likely to benefit in the long run due to the increasing network externalities of the growing adoption of the technology and its use. As more and more companies recognize the benefits of IAGON’s platform for storing files and processing them, the demand for these services will increase and so will the demand for the token – the way users pay the miners on the Smart Computational Grid (SCG).