We believe that cloud is the next industry ready for major disruption. Millions of computers are under-utilized because there is no infrastructure for the efficient trading of computing resources. We are building the transparent, decentralized and cost-effective cloud platform, powered by blockchain technology, enabling the next-gen decentralized applications and contracts.
The UNCHAINET platform will create a new heterogeneous cloud hosting marketplace by bringing together companies/individuals (providers) with available computing resources (servers, server blades, mining rigs, etc.) and those who need them (consumers).
Providers can join the platform easily by installing the Unchainet software which will grant them immediate access to the global market.
For consumers demanding computing resources, joining the platform means getting access to vast computing power at highly competitive prices.
Because of the underlying technology (Kubernetes, Docker), consumers with existing containerized applications will be able to switch to Unchainet without additional costs and use existing standards. Our underlying platform with much lower pricing uses the same technology as the existing cloud computing providers they are already using.
But that’s not all. Building the extensive network of server nodes will allow us to offer other services built on top of the Unchainet platform including independent modular dApps.
Unchainet is global, transparent and decentralized cloud platform for running your workloads, digital products and web services.
Spot Computing prices are formed purely by supply and demand. The workload can be stopped anytime if there is a higher bid. This option is the most cost-efficient way to run workloads.
A client can exclusively book computing resources for the predefined time.
Unchainet PaaS allows developers to create custom solutions on top of blockchain technology.
We are building a next-gen platform with cutting-edge and open-source technologies.
Open-source system for automating deployment, scaling and management of containerized applications.
Unchainet monitors quality of individual nodes in the network with QoS (Quality of Service) Chain – blockchain for measuring and transparently storing node reputation data in the public distributed ledger.
Blockchain platform inspired by Tendermint blockchain, Hyperledger Fabric, and Red Belly Blockchain technologies which made great progress on on-chain transaction speed.
The consensus algorithm for the UNET blockchain is called Proof of Beneficial Work (PoBW). It's unique as providers are incentivized by running a superior service (validated by QoS chain) and not by validating transactions. This allows zero-fee transactions on UNET chain.
Find out more in our Whitepaper.
If your application can be containerized, you can run it on Unchainet. Moreover, dApp ecosystem will bring new possibilities and opportunities for next-gen decentralized apps.
UNET tokens are ERC20 standard tokens used to facilitate compute resource trading on Unchainet platform. After launching our proprietary blockchain, ERC20 tokens will be migrated in 1:1 ratio to Unchainet blockchain platform and will power fast micro-transaction payments solution.
ETH, BTC, USD
1 UNET = $0.23 USD
$100 = 435 UNET
With help from our teams, contributors and investors these are the milestones we are looking forward to achieve.
Unchainet changes the way computing resources are traded around the world. Unchainet Console is a comprehensive administration tool to manage and launch your applications and workload with just a few clicks.
Typical tasks you can do in Unchainet Web Console:
The Unchainet team combines a passion for cloud, blockchain, industry expertise & proven record in finance, development & marketing.
Experienced solution architect and team leader working on multiple projects for startups and corporate organizations. He is a passionate technologist, who wants to change public cloud industry by harnessing the power of blockchain technology. Founder of Node Vision. Start-up advisor & investor.
Chief Growth Officer
Many years of sales and business management experience building sales teams and companies. Former Registered Investment Adviser with 37 agents geographically dispersed and built business from $0 - $50m+ portfolio. Working in computing space for the last 10 years and blockchain since 2016. Joey connects quickly with any target market and communicates well with all parties and publicly..
React Lead Developer
Martin is a professional in the field of software development with a strong full-stack development background. He has a high level of expertise in working with various technology stacks, system integration, data integration, public cloud and web services.
During his career, Martin worked in both public and private sector as a developer, lead developer or as a consultant. Among his clients, there are companies like National Prescribing Service, Genesis Care, The MAC Group, Cancer Council Australia, Citibank, and others.
Currently focusing on React.js and React Native.
ICO Strategy Advisor
Seasoned professional, driven by passion is crypto and blockchain, from when they were a trivial matter back in 2010, to their recent development and more mainstream adoption. This field has opened new doors and presented us with opportunities to enhance efficiency and transparency. Been interested in the space from mining in 2011, trading in 2014 and investing (helping launch) ICO's as of 2017.
Business Development Advisor
Zennon is a recognised thought leader on fintech in Asia and a regular speaker at financial conferences globally including: Money 20/20, TradeTech, Sibos, SIFMA, Innovate Finance, Future of Fintech in Asia, APFIC and many others. He has testified in front of the U.S. Congress on matters of China Fintech and is regularly quoted in the press and television appearances including CNBC, Bloomberg, The Economist, Wall Street Journal, New York Times, Financial Times to name a few. Zennon is the author of 'Chomping at the Bitcoin: The Past, Present and Future of Bitcoin in China' published by Penguin as well as countless reports and commentaries on the state of financial technology in Asia.
Marketing & PR Advisory
Mo Works is a full-service creative agency delivering strategy, media and communication design across all digital and traditional platforms. Melbourne based with a global outlook, they have their hands wrapped around the world.
With his team, they have contributed to over $35mil in funds raised from the public to their clients and partners in the crypto and ICO space.
Below we’ve provided a bit of STO, STO Token, cryptocurrencies, and few others. If you have any other questions, please get in touch using the contact form below.
Using blockchain technology (QoS chain and UNET chain) brings trust and transparency between clients and providers and fast peer-to-peer contracts and transactions.
It's a backbone technology for platform users, but very important for the community to see the network size, volumes of contracts and tamper-proof quality of provider nodes.
Centralized - AWS, Azure, GCP - large companies dominating the industry have pioneered the public cloud as a way to save money for clients. These days they have high profit margins and over-sized
market penetration creating a challenge to existing small and medium size businesses. This is the major problem UNCHAINET solves.
Decentralized -Our major difference in the blockchain/crypto space is that our competitors create a proprietary platform which is hard to use for existing cloud clients. UNCHAINET eliminates the friction associated with the staff training by using open source technology and bridging interfaces to allow simple migration from existing platforms. Our first niche market is a spot pricing infrastructure, which is increasingly popular between existing cloud clients and where we are the first to market and the only company with this strategy so far.
Homogeneous - AWS, Azure, GCP – the large companies that dominate the cloud computing space are all based on a homogeneous network. This means that all of their servers are the exact same and all clients pay the same price. This keeps pricing simple for the providers but doesn’t give clients any options.
Heterogeneous - The Unchainet network is built on a Quality of Service (QoS) blockchain. QoS monitors all nodes on the network and ‘grades’ the nodes based on a proprietary monitoring system. Poorly graded nodes will be removed from the network and others graded in levels. Offering differing quality nodes or a heterogeneous network gives clients the ability to choose the level of service they require and no higher reducing costs by up to 90%.
We plan to base our blockchain on existing and proven blockchain technology - Tendermint blockchain. This brings great elements of modularity and speed but we will swap their Proof of stake algorithm for our Proof of beneficial work. PoBW is a new way to guarantee decentralization not only on the algorithm level, but also on the actual geo-distribution level. (So there is never a large concentration of voting power in one country or region). Unchainets blockchain will be the first blockchain powered by an underlying crypto-economy and is planned to enable zero-fee transactions.
Yes, anyone with server grade computing power and an internet connection can become a provider. Becoming a blockchain voter (validator/decider) is a privilege which can be earned by providing a high quality service (high availability, high internet speed, compliant voting…) for a period of time.
We plan to base our blockchain on existing and proven blockchain technology - Tendermint blockchain. This will bring great elements of modularity and speed but we will swap their Proof of stake algorithm for our Proof of beneficial work. PoBW is a new way to guarantee decentralization not only on the algorithm level, but also on the actual geo-distribution level. (So there is never a large concentration of voting power in one country or region). Unchainet’s blockchain is planned to be the first blockchain powered by an underlying crypto-economy which will enable zero-fee transactions.
Beta (MVP) was released in Q2 2018 and the Production model is planned for Q2 2019.
First create an account on console-demo.unchainet.com. Then follow the in-app tour to launch your workload.
UNCHAINET launches with a bidding platform using a Vickrey auction system where bidders secretly bid the maximum value they are willing to pay for computing resources and then pay the price of the second-highest bid. When a higher bidder comes in, the running workload is paused until the higher bidder finishes or the initial bidder raises the max price they are willing to pay. This system is increasingly popular on other centralized cloud platforms as a way to save on computing.
Funding funds are not locked up, however there is a strict plan in place for how to use them (see Whitepaper - cost & revenue model). If you are an investor buying tokens outside of the US there will be a 40 day lockup period per SEC guidelines. If you are an accredited investor within the US then the tokens will be locked up for 1 year also per SEC guidelines. Team tokens are locked for 30 months with a gradual release every 6 months.
Similar to Ethereum governance structure. Software is open source and everyone can contribute while the steering committee of senior developers and business leaders accepts contributions. Providers can accept or refuse new versions of the software. Consumers will directly or indirectly drive new features.
We need a new blockchain which doesn’t limit our network by high fees, slow speeds and not enough modularity which requires a new token.
The main UNET chain will be immutable and there won’t be any forks – there will be no way to retrieve funds.
Unchainets modular blockchain technology will allow developers to program custom blockchain dApps with custom rules making it possible to create new tokens with various features common in centralized payment systems.
Mining/validating is decoupled from the incentive. The incentive is to provide resources for cloud consumers. Providers are incentivised with higher returns by running their computers with high availability, internet speed and compliant voting for a period of time.
UNET starts as an ERC20 token and multiple wallets are currently available. We plan to release mobile, desktop and web based easy to use wallets after the main chain is released. Wallets are planned to be light (no local copy of blockchain) with auto discovery of the nearest node.
Using familiar tools like github for source code versioning and issue tracking and providing test networks and helper tools for developers.
Assuming Unchainet blockchain has at some point 10,000 participating high-quality providers and it runs 500 voting nodes (1/20 ratio) and it takes about 1 month of high-quality service to become a participating node, an attacker would have to connect at least 5,000 nodes to the network in several geographical locations for a period of more than 1 month to put the network in danger. (⅓ of byzantine nodes - 5000/15000). That’s too high a cost to be profitable for Sybil attack or to DDoS the network.
N/A (We will migrate ASAP to our custom blockchain)
Unchainet blockchain will consist partially from proven and tested technologies like Tendermint for the BFT consensus. Partially it will introduce new technology like QoS chain and geographical distribution of consensus nodes. These technologies will be thoroughly audited before the main net launch and high bounty bug finding rewards will be written up.
Unchainet modular blockchain will allow for selecting different privacy methods for specific blockchain applications. Main UNET chain will make amounts of transactions publicly visible but will anonymize provider and client identities.
UNET tokens are planned to be available on several exchanges (centralized and decentralized) and the Unchainet console is planned to integrate with exchanges so clients can buy resources directly from the console interface. Unchainet will keep 15% of tokens as a liquidity reserve.
UNCHAINET blockchain is created with a goal of geographical decentralization and 10k transactions per second which is more than enough for resource trading (primary use case) and can also be used for general microtransactions. The unique incentive mechanism which rewards for providing high quality resources for the benefit of consumers decouples incentive and transaction fees. Therefore, we can allow zero-fee transactions on our blockchain.
Theoretical throughput estimation when fully implemented: 10,000 Tx/second * 3,600 seconds = 36,000,000 Tx/hour