DeepCloud AI building decentralized clouds for decentralized applications

In the early days of blockchain innovation, many an entrepreneur hatched a bright idea only to find there wasn’t a market for it. Tech entrepreneur Max Rye wanted to avoid that mistake when he and Geeta Chauhan founded DeepCloud AI so they had to make some quick decisions.

A provider of decentralized clouds for decentralized applications, DeepCloud AI offers technology assisting with smart city development, supply chain tracking, media streaming for in-demand programming, and decentralized AI algorithm learning allowing IoT device consumers to monetize their own data.

Having been involved in past digital transformations, Mr. Rye said he knew it was crucial to provide strong value propositions to customers in order for them to make the significant commitment to change enterprise systems. Those changes had to be more than theoretical and clearly understood. So when he and Ms. Chauhan decided to start DeepCloud AI two years ago, they were prepared to adjust their business case as they identified the most profitable niches in the space.

That approach brought traditional analytics to a space where anything goes, where technology often prevails over sound business principles. Some projects promise a strong use case in five years, which is an eternity in a universe of unknowns like blockchain.

Max Rye

“You see that in the blockchain space a lot,” Mr. Rye observed. “There are many amazing projects with great blockchain technology but they don’t translate into business applications and enterprise use cases.”

Build for the immediate, get feedback, iterate, and repeat. Often. The crypto bear market also helped by taking the spotlight off the sector and allowed technologists to refine their product.

You also have to build trust when introducing new technology use cases, Mr. Rye added. From his cloud computing background, he knew no enterprise would trust their entire workload to a decentralized fabric, so he worked with rendering companies to use computing power and to build his revenue model.

Blockchain technology plays a key role as DeepCloud AI builds products on top of a decentralized fabric, Mr. Rye said. Improving global transaction speeds is a clear benefit, as is immutability.

DeepCloud AI has no problem attracting miners who share their computing power with the network, Mr. Rye said. As Bitcoin mining becomes more complex, smaller miners with decent equipment and availability are plentiful. They are compensated with DEEP tokens which are tied to a stablecoin so they offer a reliable value. DEEP can be cashed in for fiat or exchanged for bitcoin.

“The challenge in the space isn’t supply, it’s demand,” Mr. Rye countered. “We have to convince enterprises and governments it’s a reliable service.” That process begins by showing clear value with blockchain-enabled services like e-signatures and deep VPNs that generate demand for computing power provided by DeepCloud AI miners. The circle of activity enriches itself.

Artificial intelligence combines with the low latency of the distributed mining network to provide clear advantages, Mr. Rye said. With thousands of computers the network can tap into the closest ones to provide faster services, a key feature for financial transaction systems, information networks, and even facial recognition technologies at points of entry where fast resolution is needed.

Smart cities are another key target for DeepCloud AI, Mr. Rye said. They are working with the Mexican government to develop a blockchain-enabled driver registration on the cloud. Staying in Mexico, DeepCloud AI is partnering with a television channel to develop low-latency cloud solutions for their streaming services. Supply chain solutions can track high-value shipments and prevent theft.

Expect more partnership announcements and new applications in the coming months, Mr. Rye added.

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