The cloud industry is already saturated, given the big names such as Google cloud and Azure dominating the market. However there are startups that aim to democratise and decentralise the cloud industry powered by blockchain.
DeepCloud is building an AI-driven decentralised cloud computing platform for decentralised applications — IoT and Web 3.0 DApps. It is a decentralised IaaS Cloud provider; its services include IaaS, Application Marketplace, and Developer Community. Although similar projects such as Golem and SONM have already captured the decentralised cloud computing space, DeepCloud has taken additional steps with its AI innovations.
DeepCloud is building an AI-driven decentralised cloud computing platform for decentralised applications — IoT and Web 3.0 DApps
DeepCloud AI focuses on building a distributed cloud infrastructure based on the blockchain instead of building a specific service such as unused storage, AI computing platform, or Database as a service which were applied in Filecoin, DeepBrain Chain, and Bluzelle respectively. Data will be managed and processed through the nodes that are running on the network.
In return, node holders will earn DEEP tokens. The team will earn revenues from the intrinsic value of the DEEP tokens, as the user base expands. Additional revenue will be generated by the network resources provided by DeepCloud AI itself for the infrastructure. The company’s GitHub repository is still empty which could be seen as a red flag to the analyst and investor side. However, the team has an immense experience in cloud computing and AI. The project can become an attractive long-term investment for investors if it succeeds in expanding its user base after the release of its MVP.