Decentralized cloud computing is seen by many as the next stage in the evolution of the Internet. In the era of blockchain, decentralized applications also known as dApps such as cryptocurrencies, games, decentralized exchanges, etc. stimulate demand and lead to the emergence of new entrants in this space, such as DeepSquare.
The oligopoly in place in the forms of AWS, GCP and Azure caters to many blockchains today with their distributed approach. But distributed is not decentralized, is it? A centralized authority like AWS can’t really meet the decentralized needs of Web3 projects.
Decentralized iCloud ecosystem
With a centralized or distributed cloud, a central authority can arbitrarily decide not to serve customers for one reason or another. Another common complaint is the lack of price transparency, with many customers citing unexpected charges that have remained a mystery due to the level of billing detail provided by cloud companies.
Also, it has been reported that although scaling up resources is easy, especially AWS, but with a lack of proper planning, it can lead to uncontrollable overhead and stale resources that require manual effort to scale. decommissioning. Several companies shared that they had dedicated resources, at a cost of $300,000 in annual salary, to monitor and manually decommission resources.
Computing needs continue to grow, driven in large part by the digital transformation of the economy, the rapid adoption of 5G, the Internet of Things (IoT), artificial intelligence (AI) and from Web3.
Whether decentralized or centralized, cloud computing faces one more challenge that cannot be ignored or removed with greenwashing. That challenge is sustainability, and it’s a multidimensional issue.
The large amount of electricity needed to power and then cool servers and network equipment is one of the main challenges facing the industry. According to Bloomberg in 2021, around 1% of the world’s energy was used to power the cloud and with the advent of augmented reality/virtual reality and increased demand for high performance computing for AI, this will only grow.
Electronic waste produced by industry and the chemicals used in coolants and batteries for backup power and their unsustainable method of extraction and supply are other areas of concern and the Disposal/recycling of these batteries and coolants could have a negative impact on the environment if not handled properly.
Furthermore, it can be argued that some large-scale uses of cloud computing add little or no societal value and that proof-of-work from the cryptocurrency mining industry (e.g. Bitcoin and Ethereum) could contribute to it. alone producing enough CO2 to drive 2°C of warming by 2050 and making old data such as emails instantly available to everyone is equivalent to adding hundreds of thousands of medium-haul flights per year.
However, it’s not just power consumption. It’s not just about the resulting CO2 emissions. This challenge requires a holistic approach, which includes both hardware and software, as well as people and organizational culture.
This is where DeepSquare comes in. The DeepSquare project builds a layer of interoperability allowing anyone to request enterprise-grade computing resources anywhere in the world. This is the Web as it should be: borderless and independent of actors. With a mission to support innovation in Europe and beyond and to offer a real alternative to hyperscalers by providing world-class decentralized, sustainable and managed high-performance computing (HPC) as an ecosystem, the DeepSquare project is a community-led project. . The community actively participates in governance.
Additionally, DeepSquare provides state-of-the-art high-performance computing services. Metaverse builders, AI engineers, data scientists, researchers, artists, and physicists have everything they need to build the future in a single ecosystem. Hardware and software are optimized for performance and impact.
DeepSquare is the solution to real-world problems while undoubtedly setting new standards in a sustainable future.
Company Name: deep square
Contact person: Media Relations
E-mail: Send an email