Reindeer – The World’s First Cloud Design Platform

2017 was a breakthrough year for cryptocurrency, as it attracted the attention of the common person on an unprecedented scale. The impact of cryptocurrency has gone beyond the confines of developed countries, seeping into in the very countries its properties will best benefit.

In 2014, two thirds of Africa’s Sub-Saharan population was unbanked; similar disquieting statistics represent the Southeast Asian region. Both of these areas are now successfully working with cryptocurrencies. It can be argued, then, that cryptocurrency has broken into the mainstream. However, the really exciting bit is yet to come.

Blockchain’s greatest strength is its versatility. Platforms can be designed to creatively solve an endless list of problems because of blockchain’s immutability, programmability, and autonomous nature.

A simple way of viewing this is that a problem can be solved between two users, on a network fueled by the cryptocurrency token, without being outsourced to a third party. These peer-to-peer solutions can be applied to all sorts of situations where central authority and impractical traditional systems function, to the loss of the average person. One of these areas we’re seeing blockchain affect is computing power.

The role of blockchain in computing power goes well beyond simply allowing users to draw resources from their peers across the world. Some groups are focused on uniting peers on a distributed computing platform for the cause of scientific research. This has been achieved before, with SETI’s analysis of signals being the most well known of its kind, convincing millions of users to devote idle computing power to help analyze signals from space. The possibility of accessing computer users worldwide and enlisting them to help solve scientific problems has enormous potential.

That is only one of the many reasons why we need more computing power.

The Growing Need for Computing Power

Computing power is the basis for all modern human activity. It is an essential utility that operates in our homes, at work, in education, and in day-to-day life. Science, stock markets, news media, entertainment, and social interaction have all been transformed by computers – computers have already bested humans in many areas, and they are steadily learning to do more.

Increasingly, our problems are being modeled for analysis with the help of big data. If the variables and conditions are understood, any problem can be stated mathematically. The earliest computers did nothing more than calculate basic arithmetic; they were so primitive that they took up large rooms and weighed many tons. Contrast that with today’s smartwatches, minute in size but infinitely more powerful.

The computers we use today are suitable for everyday use, and have followed Moore’s Law remarkably well, but computational ability is reaching a ceiling, and there remain many unsolved problems.

Today’s computers will curtail commercial ability to carry out computational tasks without access to heavier computing resources. Unfortunately, access to powerful computers has always been under the purview of governments or the richest of technology companies – unfair and undemocratic, given the potential influence of computational ability.

With the cloud computing market dominated by a select few entities like Microsoft, Amazon, and Google, it takes power away from an enormous portion of the world’s population, who then become dependent on these companies to carry out tasks that in the future may demand cloud computing. It is likely that purchasing the services of these companies will be relatively expensive, with conditions that are disproportionately in favor of the companies themselves.

Without even distribution of money, we cannot have equality. Without equality, we cannot have a democratic world. This applies to any resource or necessity that gives the supplying party power through monopoly, whether it be water, money, connectivity, or computational ability.

Cloud computing and distributed computing are two distinct fields, with the former being a subset of the latter. Cloud computing can be considered to be a logistics platform data, where data is sent to the cloud for processing, after which the output is delivered to end user. The performance, scaling, and maintenance of data and hardware resources is handled by the provider, easing the burden of the end user.

A full-scale transition to cloud computing/distributed systems has finally become a viable option; indeed, much of our lives is already conducted on the cloud. We back up our data on file-storage services, use online productivity tools, and stream entertainment. The shift will accelerate in the years to come.

Even You Can Supercompute with Blockchain Technology

Cloud computing provides users with processing power, storage, and other resources to help them execute their tasks. As we mentioned, the tasks themselves have become increasingly demanding.

To solve these problems, businesses and labs have turned to cloud-computing providers for the resources they needed. There are two issues with this: it still leaves the average individual out, and the centralized locations where the resources are held are still subject to failure.

Blockchain offers solutions to both those issues. It can leverage the power of computers across the world, tied together by a blockchain network, and distribute the task’s workload among each computer.

Any user on the network can rent – by paying with tokens – the computing power of another user or data center anywhere in the world to help solve a problem, from image rendering to machine-learning tests. Those who offer computing resources are rewarded in return. Problems that usually takes days or weeks can be solved in minutes or hours.

To gain some perspective on the extent to which blockchain could disrupt cloud computing, compare Siacoin, the decentralized data storage platform, and Amazon’s Web Services. The former charges users $2.41 to store 1 terabyte of data every month, while the latter charges $30. That’s nearly 15 times as much. What one pays in a year with blockchain technology, one pays roughly every month with centralized resource providers.

The cloud computing market is expected to be worth $411 billion by 2020, with an annual growth rate of 19%. The market for extra resources on demand is now practically feasible. Couple this burgeoning market with the possibilities for blockchain to reduce costs and reward users for their contribution, and we have a use case of logical and commercial value.

This opportunity has been recognized by Reindeer on to develop “World’s First Cloud Design Platform”.

Reindeer.tech

Headquartered in Japan, the Reindeer.tech is run by a predominantly Japanese team who wanted to ease the sense of crisis that has followed a string of cloud computing mistakes that have occurred around the world. The Reindeer.tech is a mythical creature that was created from inanimate matter to ensure that anyone can find the cloud computing combination that is right for them and the cloud design that meets their provision conditions, completely free of charge.

Built on the Ethereum blockchain, Reindeer has a mission in its framework, to make the world a place where all people can become the creators of services. The team believe that the world will be richer and more interesting if an even greater number of people with wonderful ideas evolve into service creators. And in a world full of service creators the concentration of productivity and wealth will become less important, and situations that became widespread in the context of that concentration — such as the gap between rich and poor and large-scale resource exploitation that destroys the sustainability of society — may disappear.

The platform will reward users by registering their designs on reindeer, which they will be able to use to obtain help from other engineers or planners or from others in the token community. Reindeer rewards mechanism aims to raise to a higher level the ability of planners and engineers to make services a reality.

The platform will also provided free open data for users to incorporate online customer support using AI into the their services. Using unique design-evaluation and search algorithms, reindeer will provide creators with designs that are of true value to them, actual designs rather than simply catalogs that get recommended for advertising purposes or abstract design patterns.

Token Information:

Ticker: RDT (reindeer token)
Platform: Ethereum
Accepting: ETH
Whitelist Registration site: https://reindeer.tech/form/register.html
Start of Pre-ICO (Bonus: +80%): 20 Dec. 2018 04:00:00 GMT
Start of 1st term of ICO (Bonus: +50%): 04 Mar. 2019 04:00:00 GMT
Start of 2nd term of ICO (Bonus: +25%): 11 Mar. 2019 04:00:00 GMT
Start of 3rd term of ICO (Bonus: +10%): 18 Mar. 2019 04:00:00 GMT
Start of 4th term of ICO: 25 Mar. 2019 04:00:00 GMT
End of ICO: 31 Mar. 2019 04:00:00 GMT
Token Price: 1 RDT = 0.001ETH
Soft Cap: 4,000ETH
Hard Cap: 625,000ETH
Min per subscription: 2.0ETH
Max per subscription: 40,000ETH
Max token supply: 2,500,000,000RDT

Reindeer.tech Team

Useful Links:

Website | Whitepaper | ANN Thread |  Facebook | Twitter | Linkedin | Telegram

Author:

Bitcointalk Username: binar234
Profile Link: https://bitcointalk.org/index.php?action=profile;u=2053245

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