Home > News > Top Stories > Runonflux Expands to Web3 and Web2 Development Edge Cloud Solutions with OVHcloud

Cloud Deployment Models

Runonflux Expands to Web3 and Web2 Development Edge Cloud Solutions with OVHcloud

Building decentralized infrastructure for Web 3.0 blockchain development and providing a Web 2.0 cloud edge solution in tandem significantly increases computational capacity by connecting more nodes on the network. Decentralized infrastructure requires security, high bandwidth, and fast provisioning, which OVHcloud provides.

Flux, a company that builds decentralized infrastructure for Web3 development, has announced a partnership with OVHcloud, a European cloud leader, to expand its edge cloud solution options. With this partnership, Flux will be able to move into new markets and increase its computing power by adding more nodes to its network. OVHcloud will also be able to get into the Web3 market.

"Over the past year, the number of people using and adopting the Flux cloud network has grown by a staggering 10,000%."

OVHcloud will provide infrastructure for Flux to support its Titan Node staking platform and will deploy FluxNodes in its 33 data centers worldwide. This partnership will allow Flux and OVHcloud to work together to build a better, more decentralized internet.

To build a trusted digital environment with on-premises and cloud services, organizations should carefully look at their needs and requirements and choose the services that best meet those needs. This could mean using a mix of on-premises and cloud services or even multiple cloud service providers to make sure the organization has the resources it needs to meet its business goals.

By using a combination of on-premises and cloud services, organizations can take advantage of the strengths of both approaches. On-premises services can give you a lot of control and security, while cloud services can be flexible and able to grow with your needs.

About Flux

Flux Ecosystem offers an interoperable, decentralized AWS-like development environment with decentralized computing services and blockchain-as-a-service solutions. Flux uses a native POUW coin to power this ecosystem, providing incentives for hardware hosters, governance on-chain, and bad actor mitigation via staking requirements for running hardware. Flux runs on Linux to provide the network with high-availability compute power and uses the blockchain to ensure governance transparency. After soft-locking Flux capital in their wallet, Flux node operators can choose from three hardware tiers. Anyone in the world can be rewarded for providing network hardware.

About OVHCloud

OVHcloud is a leading European cloud provider with over 450,000 servers in 33 data centers on four continents and 1.6 million customers in 140 countries. The Group has been using an integrated model for more than 20 years to make sure that it has full control over its entire value chain, from designing its servers to building and running its data centers to making sure that its fiber-optic network works together. This allows OVHCloud to independently cover all of its customers' needs so they can benefit from an environmentally conscious model with frugal resource use and a low carbon footprint. OVHcloud offers customers the latest-generation solutions, combining performance, predictable pricing, and data sovereignty to support unfettered growth.

Spotlight

More featured news

Spotlight

Related News

Cloud Infrastructure Management

The Manufacturing Sector Experiences More Attacks in the Cloud than Any Other Industry

PR Newswire: | January 19, 2024

Netwrix, a cybersecurity vendor that makes data security easy, today revealed additional findings for the manufacturing sector from its survey of 1,610 IT and security professionals across more than 100 countries. According to the survey, 64% of companies in the manufacturing sector suffered a cyberattack during the preceding 12 months, which is similar to the finding among organizations overall (68%). However, it turned out that the manufacturing sector experiences more cloud infrastructure attacks than any other industry surveyed. Among manufacturing companies that detected an attack, 85% spotted phishing in the cloud compared to only 58% across all verticals; 43% faced user account compromise in the cloud as opposed to 27% among all industries; and 25% dealt with data theft by hackers in the cloud compared to 15% for organizations overall. "The manufacturing sector relies heavily on the cloud to work with their supply chain in real time. This makes their cloud infrastructure a lucrative target for attackers — infiltrating it enables them to move laterally and potentially compromise other linked organizations, as happened to one the world's top meat processing companies. Credential compromise or malware deployed via a phishing email is just the beginning of the attack," says Dirk Schrader, VP of Security Research at Netwrix. "The attack surface in the cloud is always expanding, so it's critical for manufacturing companies to adopt a defense-in-depth approach," adds Ilia Sotnikov, Security Strategist at Netwrix. "First, they must rigorously enforce the principle of least privilege to limit access to sensitive data, which ideally includes just-in-time access to eliminate unnecessary entry points for adversaries. They also need to gain deep visibility into when and how critical data in the cloud is being used so that IT teams can promptly spot potential threats. Finally, they need to be prepared to minimize the damage from incidents by having a comprehensive response strategy that is regularly exercised and updated." To learn more about security trends, check out the complete 2023 Hybrid Security Trends Report. About Netwrix Netwrix makes data security easy. Since 2006, Netwrix solutions have been simplifying the lives of security professionals by enabling them to identify and protect sensitive data to reduce the risk of a breach, and to detect, respond to and recover from attacks, limiting their impact. More than 13,500 organizations worldwide rely on Netwrix solutions to strengthen their security and compliance posture across all three primary attack vectors: data, identity and infrastructure.

Cloud Storage

TRG Screen Announces Acquisition of Xpansion for Reference Data Usage Management

PR Newswire: | January 25, 2024

TRG Screen, the leading provider of enterprise subscription spend and usage management software, today announced it has acquired Xpansion, the leading provider of cloud-based solutions for reference data usage monitoring in the financial services industry. The acquisition of Xpansion will further solidify TRG Screen's position as a global market leader in market data management solutions. Xpansion – established in 2013 – is focused on empowering data operations teams to proactively manage their usage, control costs and optimize data workflows. Xpansion's offerings include Xmon, Xprocess and Xplore, and provide real-time analytics, giving clients unprecedented transparency, visibility and control into their reference data usage. This deal consolidates TRG Screen's unique position as the only provider of enterprise subscription management capabilities spanning the whole spectrum of market data optimization, from spend and inventory tracking, through to usage and enquiry management, exchange reporting and compliance. "Xpansion and TRG Screen have been partners for many years. Bringing Xpansion into the TRG Screen family is a very logical next step for both companies, given our strong relationship and shared view that the industry demand for integrated usage management solutions is going to continue to grow," said TRG Screen CEO Leigh Walters. "Xpansion is an established firm with excellent customer satisfaction and retention, and highly experienced and industry respected leadership. We are very excited at the opportunities this acquisition brings." "We are thrilled to be joining TRG Screen," said Xpansion co-founder and CEO Amjad Zoghbi. "Reference data usage is one of the most complex aspects of market data management, and managing it correctly is essential to maintaining contractual compliance and ensuring clients are right-sizing their usage based on actual consumption and business need. I'm very pleased that Xpansion's customers, and team, will now be part of the best-of-breed solution with the industry's leading provider of market data management solutions." The acquisition demonstrates TRG Screen's ongoing commitment to servicing the needs of market data consumers, vendors and exchanges. Financial terms of the transaction were not disclosed. About TRG Screen TRG Screen is the leading provider of enterprise subscription management solutions. Founded in 1998, TRG Screen is uniquely differentiated by its ability to monitor both spend and usage of data and information services including market data, research, software licenses, consulting and other corporate expenses. TRG Screen's solutions provide its customers with full transparency into their vendor relationships and their subscription spend and usage, enabling them to optimize their enterprise subscriptions. TRG acquired Priory Solutions in 2016, Screen Group in 2018, Axon Financial Systems in 2019, Market Data Insights in 2020, and Jordan & Jordan's Market Data Reporting (MDR) business in 2021 and with these acquisitions is now positioned as the global market leader in the financial, legal, and professional services markets. TRG Screen's product portfolio includes subscription spend, usage, enquiry and compliance solutions. For more information visit trgscreen.com. Follow TRG Screen on LinkedIn, @TRG Screen, and on Twitter, @trgscreen. About Xpansion Xpansion delivers next-generation reference data solutions that empower financial institutions to streamline their reference data operations, reduce costs, enhance data quality, and improve data discovery. With a focus on customer satisfaction, continuous innovation and quick time to value, Xpansion is a trusted partner for financial institutions in the buy- and sell-side as well as solution providers in the industry.