1 December, 2017
Meet The MIT Graduate Working On A Cheaper, Decentralized Option To Cloud Computing And Blockchain
Cloud computing is a $247 billion dollar market that is dominated by the likes of Amazon, Google, and Microsoft. These major players offer centralized computing for a variety of uses ranging from backing up your company’s data to producing big data analytics remotely. However, there has been an interest in decentralized cloud computing as a cheaper option for businesses that cannot afford the prices set by incumbent providers. In addition, the potential for decentralized cloud computing can open up the doors to cryptocurrency mining for those who do not have the expensive computing infrastructure needed to ‘mine’ for these digital currencies such as Bitcoin. Ryan Robinson, a recent graduate of the Massachusetts Institute of Technology, has built a startup named Conduit to address these emerging needs in the cloud computing and blockchain markets, respectively.