NOIA Network – Faster Internet for us Plus a Passive Income for You!

Preamble

In this article, I discuss the NOIA Network and their solution to making the internet quicker, more efficient, and giving users an opportunity to earn a passive income through the use of their idle computing resources.

NOIA have already launched their testnet, and are inviting anyone interested in their solution and project to create and account and to start contributing your idle computing resources to the testnet.

I’ll discuss the benefits of contributing your computing resources to the NOIA Network during this article.

Our internet speeds could be a lot better

In a world where our advances in technology are rapidly progressing, our global internet infrastructure is largely fragmented and often lacks integrity.

Our internet speeds vary drastically across the globe, and some developed nations actually have internet speeds that are slower than some developing nations.

And these greatly differing internet speeds are largely the reasons as to why data transfers between distant locations can be incredibly slow and inefficient. To many, these problems don’t seem like a significant issue. But for website operators who want to deliver content to global audiences, varying internet speeds can be a significant issue. Especially where that content is resource intensive, such as video and live streaming content, which is becoming more and more common in these modern times.

Content Delivery Networks

Content delivery networks (CDNs) were created to help alleviate these data transfer problems.

“CDN providers maintain globally distributed, strategically placed Points of Presence (POP) or Data Centres, that are used to cache content locally and deliver it based on the geographical proximity of a request.” Source

CDNs effectively allow for resource intensive content to be loaded quickly, regardless of the geographical location of the website visitor.  Currently, CDNs form the backbone of the internet and are responsible for the majority of the content distributed globally today.

Source

In 2016, the CDN market was valued at USD $6 billion.  BY 2022, CDNs, and similar products, is projected to grow to a market size of USD $31 billion.  This is a big industry, and ripe for disruption.

This presents an interesting problem however.  The global internet infrastructure is not developing fast enough to manage the ever growing demand.

Video content creation, online gaming, Virtual Reality technologies, and streaming of video and gaming content are growing at fantastic rates and shows no sign of slowing down. So it’s plainly obvious that our rate of infrastructure development will be hard pressed to keep up with the continually growing demand for our ever more resource intensive content preferences.

Source

There’s also a few problems with relying solely on CDN infrastructure for content distribution:

  • CDNs are highly centralised – therefore open for control and manipulation.
  • Where their distribution is limited, their benefits for content delivery is limited.
  • The current CDN market is dominated by Akamai and Amazon. Therefore the cost to access these services is decided by only 2 key players in the market.
  • The infrastructure required, using current technologies, to improve the distribution of bandwidth intensive content worldwide is incredibly expensive. This will likely slow technological developments in this area greatly unless an innovative solution is developed.

The NOIA Solution

When looking at the problem described above, the team behind the NOIA Network recognised that the available bandwidth capacities per household continue to increase rapidly, creating a large volume of idle bandwidth across the globe.

This idle bandwidth presents a fantastic opportunity to address the shortfall in available bandwidth globally, and the high level of centralisation in current networks.

Every computer that is connected to the internet already forms the backbone of the internet, however these computers typically only consume data, rather than streaming data to other users.

As stated in the NOIA white paper:

“By connecting thousands of participants willing to share the idle resources of their personal computers, we can create a sharing economy of data transfer – one that is virtually limitless in terms of scale.

Everyone choosing to participate in the network will pool the unused bandwidth and storage of their computers, creating a highly decentralised and ever scalable network of nodes that are capable of delivering bandwidth intensive content across the globe in a highly efficient manner.

A decentralised network provides a wide range of benefits to the consumer, including:

  • A greater level of security, with no central organisation controlling the Network.
  • Highly efficient and cost effective, with no central entity controlling the network there are no overheads to pay. In addition, the more nodes on the network and more distributed their locations, the lower the energy costs will be to transmit bandwidth intensive data.
  • Utilising technology such as this brings with it increased opportunities for innovation, such as other decentralised services, the further development and utilisation of artificial intelligence technologies, and hosting platforms.
The NOIA Technology Stack

The Architechture

The NOIA Network is comprised of two separate structural elements that will define the network and its features:

  • Content Scaling Layer (CSL)
    • Which will include peer to peer file sharing protocols, artificial intelligence, and blockchain technology that will determine how content will be delivered throughout the network.
  • Governance Layer
    • Which is a set of smart contracts located on the Ethereum blockchain which define what NOIA tokens are and how they are transferred between nodes.

Ultimately the CSL will act as the backbone of the network while the governance layer will enable the transfer of value throughout the network.

Who are NOIA?

“NOIA is the next-generation content scaling network, powered by blockchain technology. It utilizes unused bandwidth from computers around the world to create a widely distributed, efficient and integral layer of internet infrastructure for global content delivery. NOIA is designed to serve as a bandwidth optimization mechanism for every type of web content and provide a significantly more effective and decentralized delivery method across the internet.” Source

NOIA will use next-generation peer-to-peer (P2P) file sharing protocols, artificial intelligence (AI) and blockchain technology  to combine hundreds of thousands of computers to serve as nodes in one single “intranet” and provide an opportunity to every web content provider in the world to use this “intranet” to deliver their content across the globe.

NOIA’s aim is to become a fully self-sustained and decentralised network of hundreds of thousands of nodes that pool together to share their resources, These nodes will be governed by the rules in smart contracts and operated with NOIA tokens. The nodes within this network will serve as a never  before seen infrastructure layer that will provide the fastest, most optimised and cost-efficient content delivery system on the internet.

The Team

The team behind this project is impressive.  The founders have put together a highly skilled and extensive team of personnel who are well equipped to deliver the project’s roadmap.

Founders and Business Team
Advisors
Tech Advisors

The Roadmap

Source

So far, NOIA have achieved all scheduled items on their roadmap, which isn’t all that surprising given the size of the team who are working on this project.

The Testnet for the NOIA network has already been released.  What this means is that NOIA are inviting you to create an account and start using the network, whether that be through providing your computing resources to the network or via the purchase of resourcing power for your project.

Why share your computers bandwidth and storage capacity?

Users who choose to share their computer’s idle bandwidth and storage will be rewarded for doing so in the form of NOIA tokens. They can then use these tokens to either purchase services through the NOIA network, hold them with the view of accumulating wealth, or convert them to their currency of choice.

The NOIA Token Economy

The NOIA token is the only currency used within the NOIA network.  Therefore, people wanting to purchase services within the NOIA network will purchase these services using the NOIA token.  According to the white paper, one token purchases the equivalent of 5 GB of data transfer however this amount is likely to be different today as the value of the token is not pegged.

Typically, current content delivery service providers charge around US $0.08 cents per 1 GB of data transfer. NOIA expects that, using their network, 1 GB would cost roughly US $0.01 cents which makes the NOIA Network substantially cheaper than current providers.

Why use the NOIA network to distribute content?

Using the NOIA network will be much more cost effective in comparison to utilising CDN networks. In addition to this, with the ever expanding distribution of nodes on the network, there will be a much greater efficiency in the distribution of content.

The high level of efficiency gained on this network is thanks to blockchain technology, which has the capability to be autonomous and is highly scalable.

“A Smart Contracts layer within NOIA’s network governs all relationships between the different actors in the network by providing a framework for the creation and flow of value within it.” Source

Using the NOIA Network to create a passive income stream

If you’re like me, then you’ll really be wanting to know about the potential to create a passive income stream by contributing computing resources to the NOIA Network.

This passive income stream will be created by setting up your own node, or series of nodes.

The NOIA white paper describes nodes as being:

“Nodes will be comprised of either previously idle home networked computer (which had been a net cost to their owners), and dedicated network endpoints expressly purchased for the purpose of earning NOIA Tokens.”

The free market will determine how much each node will earn, particularly due to the variability in the amount of resources each node contributes to the market, however NOIA believes that the median payout per node will be in the vicinity of US $50 per month.

Use of Nodes and Smart Contracts on the Network

NOIA tokens will be awarded to nodes based on a number of variables:

  • Amount of storage contributed to the network
  • The bandwidth utilisation (the rate at which a node is serving content)
  • The uptime factor (how much time is the node available/ accessible on the network)

Assuming that your node is contributing a significant amount of storage capacity, bandwidth and is available 24 hours per day, it could easily expected that you will be earning a passive income above the median rate of US $50 per month.

My personal opinion is that the earning potential of the NOIA network is well worth testing. And I’m currently in the process of setting up an account on the NOIA Testnet. If you have a computer available that you can leave running for 72 hours per week or longer, then I encourage you to start contributing to the testnet to determine the level of passive income that you can earn from the NOIA network.

It’s a win-win for everyone

Using the NOIA Network is a win-win for both the users who provide bandwidth and storage to the network and for those who choose to distribute their content via this network.  Users who provide their bandwidth and storage are rewarded via payment in NOIA tokens while those distributing content via the network are rewarded by a highly efficient network and a highly cost effective network for content distribution.

The NOIA Testnet is live! And I encourage you to get involved and try it out. Personally, I’ll have my own node set up very soon.  I’m very eager to see how many tokens my little computer can generate for me.

So set up your own node and let me know how it goes for you.  I’ll report back to let you know how my own node performs over the coming weeks.

NOIA Network – Faster Internet for us Plus a Passive Income for You!

Preamble

In this article, I discuss the NOIA Network and their solution to making the internet quicker, more efficient, and giving users an opportunity to earn a passive income through the use of their idle computing resources.

NOIA have already launched their testnet, and are inviting anyone interested in their solution and project to create and account and to start contributing your idle computing resources to the testnet.

I’ll discuss the benefits of contributing your computing resources to the NOIA Network during this article.

Our internet speeds could be a lot better

In a world where our advances in technology are rapidly progressing, our global internet infrastructure is largely fragmented and often lacks integrity.

Our internet speeds vary drastically across the globe, and some developed nations actually have internet speeds that are slower than some developing nations.

And these greatly differing internet speeds are largely the reasons as to why data transfers between distant locations can be incredibly slow and inefficient. To many, these problems don’t seem like a significant issue. But for website operators who want to deliver content to global audiences, varying internet speeds can be a significant issue. Especially where that content is resource intensive, such as video and live streaming content, which is becoming more and more common in these modern times.

Content Delivery Networks

Content delivery networks (CDNs) were created to help alleviate these data transfer problems.

“CDN providers maintain globally distributed, strategically placed Points of Presence (POP) or Data Centres, that are used to cache content locally and deliver it based on the geographical proximity of a request.” Source

CDNs effectively allow for resource intensive content to be loaded quickly, regardless of the geographical location of the website visitor.  Currently, CDNs form the backbone of the internet and are responsible for the majority of the content distributed globally today.

Source

In 2016, the CDN market was valued at USD $6 billion.  BY 2022, CDNs, and similar products, is projected to grow to a market size of USD $31 billion.  This is a big industry, and ripe for disruption.

This presents an interesting problem however.  The global internet infrastructure is not developing fast enough to manage the ever growing demand.

Video content creation, online gaming, Virtual Reality technologies, and streaming of video and gaming content are growing at fantastic rates and shows no sign of slowing down. So it’s plainly obvious that our rate of infrastructure development will be hard pressed to keep up with the continually growing demand for our ever more resource intensive content preferences.

Source

There’s also a few problems with relying solely on CDN infrastructure for content distribution:

  • CDNs are highly centralised – therefore open for control and manipulation.
  • Where their distribution is limited, their benefits for content delivery is limited.
  • The current CDN market is dominated by Akamai and Amazon. Therefore the cost to access these services is decided by only 2 key players in the market.
  • The infrastructure required, using current technologies, to improve the distribution of bandwidth intensive content worldwide is incredibly expensive. This will likely slow technological developments in this area greatly unless an innovative solution is developed.

The NOIA Solution

When looking at the problem described above, the team behind the NOIA Network recognised that the available bandwidth capacities per household continue to increase rapidly, creating a large volume of idle bandwidth across the globe.

This idle bandwidth presents a fantastic opportunity to address the shortfall in available bandwidth globally, and the high level of centralisation in current networks.

Every computer that is connected to the internet already forms the backbone of the internet, however these computers typically only consume data, rather than streaming data to other users.

As stated in the NOIA white paper:

“By connecting thousands of participants willing to share the idle resources of their personal computers, we can create a sharing economy of data transfer – one that is virtually limitless in terms of scale.

Everyone choosing to participate in the network will pool the unused bandwidth and storage of their computers, creating a highly decentralised and ever scalable network of nodes that are capable of delivering bandwidth intensive content across the globe in a highly efficient manner.

A decentralised network provides a wide range of benefits to the consumer, including:

  • A greater level of security, with no central organisation controlling the Network.
  • Highly efficient and cost effective, with no central entity controlling the network there are no overheads to pay. In addition, the more nodes on the network and more distributed their locations, the lower the energy costs will be to transmit bandwidth intensive data.
  • Utilising technology such as this brings with it increased opportunities for innovation, such as other decentralised services, the further development and utilisation of artificial intelligence technologies, and hosting platforms.
The NOIA Technology Stack

The Architechture

The NOIA Network is comprised of two separate structural elements that will define the network and its features:

  • Content Scaling Layer (CSL)
    • Which will include peer to peer file sharing protocols, artificial intelligence, and blockchain technology that will determine how content will be delivered throughout the network.
  • Governance Layer
    • Which is a set of smart contracts located on the Ethereum blockchain which define what NOIA tokens are and how they are transferred between nodes.

Ultimately the CSL will act as the backbone of the network while the governance layer will enable the transfer of value throughout the network.

Who are NOIA?

“NOIA is the next-generation content scaling network, powered by blockchain technology. It utilizes unused bandwidth from computers around the world to create a widely distributed, efficient and integral layer of internet infrastructure for global content delivery. NOIA is designed to serve as a bandwidth optimization mechanism for every type of web content and provide a significantly more effective and decentralized delivery method across the internet.” Source

NOIA will use next-generation peer-to-peer (P2P) file sharing protocols, artificial intelligence (AI) and blockchain technology  to combine hundreds of thousands of computers to serve as nodes in one single “intranet” and provide an opportunity to every web content provider in the world to use this “intranet” to deliver their content across the globe.

NOIA’s aim is to become a fully self-sustained and decentralised network of hundreds of thousands of nodes that pool together to share their resources, These nodes will be governed by the rules in smart contracts and operated with NOIA tokens. The nodes within this network will serve as a never  before seen infrastructure layer that will provide the fastest, most optimised and cost-efficient content delivery system on the internet.

The Team

The team behind this project is impressive.  The founders have put together a highly skilled and extensive team of personnel who are well equipped to deliver the project’s roadmap.

Founders and Business Team
Advisors
Tech Advisors

The Roadmap

Source

So far, NOIA have achieved all scheduled items on their roadmap, which isn’t all that surprising given the size of the team who are working on this project.

The Testnet for the NOIA network has already been released.  What this means is that NOIA are inviting you to create an account and start using the network, whether that be through providing your computing resources to the network or via the purchase of resourcing power for your project.

Why share your computers bandwidth and storage capacity?

Users who choose to share their computer’s idle bandwidth and storage will be rewarded for doing so in the form of NOIA tokens. They can then use these tokens to either purchase services through the NOIA network, hold them with the view of accumulating wealth, or convert them to their currency of choice.

The NOIA Token Economy

The NOIA token is the only currency used within the NOIA network.  Therefore, people wanting to purchase services within the NOIA network will purchase these services using the NOIA token.  According to the white paper, one token purchases the equivalent of 5 GB of data transfer however this amount is likely to be different today as the value of the token is not pegged.

Typically, current content delivery service providers charge around US $0.08 cents per 1 GB of data transfer. NOIA expects that, using their network, 1 GB would cost roughly US $0.01 cents which makes the NOIA Network substantially cheaper than current providers.

Why use the NOIA network to distribute content?

Using the NOIA network will be much more cost effective in comparison to utilising CDN networks. In addition to this, with the ever expanding distribution of nodes on the network, there will be a much greater efficiency in the distribution of content.

The high level of efficiency gained on this network is thanks to blockchain technology, which has the capability to be autonomous and is highly scalable.

“A Smart Contracts layer within NOIA’s network governs all relationships between the different actors in the network by providing a framework for the creation and flow of value within it.” Source

Using the NOIA Network to create a passive income stream

If you’re like me, then you’ll really be wanting to know about the potential to create a passive income stream by contributing computing resources to the NOIA Network.

This passive income stream will be created by setting up your own node, or series of nodes.

The NOIA white paper describes nodes as being:

“Nodes will be comprised of either previously idle home networked computer (which had been a net cost to their owners), and dedicated network endpoints expressly purchased for the purpose of earning NOIA Tokens.”

The free market will determine how much each node will earn, particularly due to the variability in the amount of resources each node contributes to the market, however NOIA believes that the median payout per node will be in the vicinity of US $50 per month.

Use of Nodes and Smart Contracts on the Network

NOIA tokens will be awarded to nodes based on a number of variables:

  • Amount of storage contributed to the network
  • The bandwidth utilisation (the rate at which a node is serving content)
  • The uptime factor (how much time is the node available/ accessible on the network)

Assuming that your node is contributing a significant amount of storage capacity, bandwidth and is available 24 hours per day, it could easily expected that you will be earning a passive income above the median rate of US $50 per month.

My personal opinion is that the earning potential of the NOIA network is well worth testing. And I’m currently in the process of setting up an account on the NOIA Testnet. If you have a computer available that you can leave running for 72 hours per week or longer, then I encourage you to start contributing to the testnet to determine the level of passive income that you can earn from the NOIA network.

It’s a win-win for everyone

Using the NOIA Network is a win-win for both the users who provide bandwidth and storage to the network and for those who choose to distribute their content via this network.  Users who provide their bandwidth and storage are rewarded via payment in NOIA tokens while those distributing content via the network are rewarded by a highly efficient network and a highly cost effective network for content distribution.

The NOIA Testnet is live! And I encourage you to get involved and try it out. Personally, I’ll have my own node set up very soon.  I’m very eager to see how many tokens my little computer can generate for me.

So set up your own node and let me know how it goes for you.  I’ll report back to let you know how my own node performs over the coming weeks.

Taking on the Giants – The IAGON Solution

Taking on the Giants with Cloud Computing

Cloud computing services are currently highly centralised and are controlled by a select number of companies, the main companies being Google, Microsoft, IBM and Amazon.

This means, that these companies are in absolute control of vast amounts of data, which they can and will use as they please. And it also means that should there be a security breach, these companies could potentially leak this vast amount of data to anyone with ill intentions for its use. We’ve seen data leaks occur on multiple occasions, and these leaks continue to happen on a very frequent basis.

Source

What’s more, the need for increased computational processing power and and cloud storage is on a continuous uptrend, and with the development of artificial intelligence (AI) technologies, and the increased utilisation of Big Data, cloud storage and processing power services are only going to be in greater demand as we progress through the years.

And these services are already big business, but it’s growing at an amazing rate:

“The size of the cloud services market providing both storage capacities and computational    processing capabilities to companies and to corporates is estimated by 45 billion USD per annum and it steadily grows.” Source

Decentralising the Cloud Services Industry

So I was very interested to read about IAGON in this week’s @orignalworks writing contest.  It’s not every day that you hear someone say that they plan to take on the likes of Amazon, Google, Microsoft and IBM.  But that’s exactly what IAGON are planning on doing.

Source

IAGON aims to, in their own words:

“revolutionize the cloud and web services market by offering a decentralized grid of storage and processing. By joining the unused storage capacity in servers and personal computers and their processing power, we can create a super-computer and super data center that can compete with any of the current cloud computing moguls.”

They’re doing this through the creation of a decentralised cloud service network. This network will offer highly secure cloud storage services while also offering additional processing power for organisations and individuals who need additional computing resources for performing complex tasks such as processing Big Data and developing AI technology.  These services will be highly secure via military grade encryption and completely decentralised. IAG tokens will used by companies as the currency for paying for access to the network.

Individuals and organisations will be able to earn IAG tokens by “renting” their computers unused or under-utilised storage and processing power to the IAGON network.   And anyone will be able to purchase storage and processing power via these tokens.

The “mining” of IAG tokens is essentially undertaken through the provision of storage or processing power to the network. And this makes it possible for anyone to get involved in mining IAG tokens and participating in the network.

Big plans and bigger targets – can they achieve them?

There’s a lot to love about this project. And their goals are massive. Taking on the big players in the cloud services arena is a huge undertaking so you want to make sure you’ve got the right people around you and a solid strategy to make it happen.

IAGON have provided a very clear roadmap, which can also be viewed on the IAGON website. So far, all development of the project has met the deadlines listed on this roadmap.

You’ll find the roadmap here.

The first thing that impressed me about this project was that there are a lot of people giving this project a great rating, check out these scores:

Source

It’s a rare day that you see an up-coming project with ratings like this. The next thing that gives me confidence that this group know what they’re doing is the team.

The IAGON Team

The team behind this project is extensive and brings a wealth of expertise to the platform.  More importantly, the founders are highly qualified and experienced, and have employed the necessary people where their knowledge may be lacking.

See the full list of IAGON team members here.

It’s rare to see a platform with so many Doctors on the team. But with a project like this it’s not at all surprising.

And there are Partnerships

The IAGON team have brought on a number of partners into this project, which is a fantastic indication of just how much of a demand and support there is for a project such as this.  Below is a selection of some of the partners involved in this project, however even over the past couple of days there have been more announced

Source

The IAGON Main Net

IAGON have a functioning Main Net which, once the project has officially launched, will be comprised of the network of data centres and individual computers which have offered their under-utilised storage capacity for the storage of Big Data and any other information that users of the network choose to store on the platform.

What’s even more interesting, is that IAGON plan to implement the network on a hybrid blockchain/ tangle platform. I won’t comment on this given that I’m not technically astute enough to do this particular detail justice. However I did hear some talk of work taking place with IOTA to make this happen on one of the various YouTube interviews with the founders that you can find.

And the data centres and computers which have offered up their processing power will in-turn have their processing power combined into what can be considered a decentralised super computer which can be used to perform the complex tasks required for processing power intensive tasks such as AI technologies, speech recognition, robotics and so on.

And it is through this process that users offering storage and processing power to the network will earn IAG tokens, after corporations and individuals who need access to the network purchase their access using these tokens.

Decentralisation provides more than one solution

Creating a decentralised cloud services platform has enabled IAGON to solve two problems with the one solution.  Through a decentralised network, IAGON are able to provide a level of security that will prevent the types of data leaks that we’ve seen in this industry in recent weeks, months and years.

In addition to this, IAGON are able to combine the storage and processing power of data centres and computers globally to provide the level of processing power that is required to perform the increasingly complex tasks that we require with our rapid advances in the AI and Big Data processing space.

Source

Finally, IAGON will also be implementing machine learning and AI into their network which will allow the network to intelligently decide how to allocate storage and processing power resources to those who need them.  Using AI in this network will allow the network to continuously advance and improve on itself

Concluding Remarks

I think it’s quite obvious that I am a huge fan of this project. So much so that I have created an account and have submitted a mining application.  I’ll be offering part of my computers processing power and storage for use by the IAGON network right from the beginning.

I completely agree that we’ll be seeing a huge demand for cloud storage and processing services in the future, and IAGON are offering a fantastic solution to the limitations faced in this market.

Main Sale

The pre-sale for the project took place back in May this year, with the soft cap being reached. Now, the main sale is currently underway. So, if you want to get involved, then head on over to the website to find out more.

And if you want to get involved in setting up a mining account, then click here to get involved.

Learn more

Learn more about the project here.  IAGON are on Steemit!

iagon2018