HiveNet is the Solution
HiveNet will provide the technological solution to utilize these idle computer times by building up a distributed cloud computing network. This will enable computer owners to make a profit from the idle times of their computers. HiveNet achieves this by creating an isolated environment on computers, which allows renting out computing power while still ensuring security against potential threats. For cloud computing customers, HiveNet will be much cheaper than traditional providers, because HiveNet will utilize existing idle resources and thereby saves on most relevant cost drivers, like for example amortization of hardware investments.
Computer owners will receive a fair share from customer payments, depending on the provided amount of resources. Though, payments in any specific national currency would be infeasible for many reasons, like for example the huge costs for financial service providers when transferring money across borders. We solve these constraints by introducing the HiveCoin, which will be the inherent blockchain-powered cryptocurrency of the HiveNet. The HiveCoin will be a fast, simple and secure payment system, which will be free of transaction costs. This way, the financial interests of customers and computer owners are conveniently aligned. In order to ensure a wide distribution and decentralization of HiveCoins and to fund further development, the largest portion will be sold to the public. HiveNet aims to enable public decentralization of the cloud computing industry and empowerment of computer owners all around the world.
HiveNet will also have a positive impact on the environment, because it will increase the usage of available computers. This way, less resources will be consumed to build new computers and less electronic garbage will be created.