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SONM uses blockchain to create a decentralized computing power marketplace

July 04, 2018 / STEWART ROGERS

Cloud computing has revolutionized the way we use applications and store data, but the majority of SaaS products in use today sit on a small number of centralized servers. So what if we decentralized the cloud or, even better, used a distributed computing structure that rewards both lenders and users of computing power? Autonomous decentralized system and blockchain-based marketplace SONM is doing exactly that by offering an alternative to the cloud through a fog computing structure. In short, SONM allows users to connect their personal devices to one virtual space, creating a decentralized platform where consumers and suppliers can rent and purchase computing power from one another. SONM successfully raised $42 million at the end of 2017, and the startup released its MVP Testnet in December of that year. Using that platform, developers have been able to test SONM’s fog computing services and send critical feedback and improvement recommendations, all ahead of the product’s...