Uranus Project/ICO Review - One Blockchain Service to Serve Them All

orcunland (6)in #cryptocurrency • 6 years ago (edited)

Cloud platforms are enabling new, complex business models and orchestrating more globally-based integration networks in 2017 than many analyst and advisory firms predicted. Combined with Cloud Services adoption increasing in the mid-tier and small & medium businesses (SMB), leading researchers including Forrester are adjusting their forecasts upward. The best check of any forecast is revenue. Amazon’s latest quarterly results show Amazon Web Services (AWS) attained 43% year-over-year growth, contributing 10% of consolidated revenue and 89% of consolidated operating income.

According to the Gartner research report, the global public cloud market had grown from 68.3 billion dollars in 2010 to 307.4 billion dollars in 2017, with the compound annual growth rate maintained above 17%, and the average growth rate is expected to remain above 15% from 2018 to 2020, likely reaching 383.4 billion dollars by 2020. Yet the public cloud market has significant challenges like

Data Security
Expensiveness
Unfit for Distributed Applications

There are tons of examples around the world about data leakage which is caused because of the lack of security enough.

For example, AWS had S3 configuration problem for World Wrestling Federation, and for Pentagon. Also they had experienced a data leakage problem with Uber, and 57 million accounts and the names and driving licence numbers of 600.000 American drivers are gone online.

Oracle Cloud faced up with a hacking problem for Arby's.

The examples are more than you can imagine.

The main problem which lies underground here is lack of blockchain thinking.

Uranus Project

Uranus Foundation LTD. was established in Singapore in March 2018 with the mission to empower redundant computing power in the world with blockchains to provide ubiquitous and shared computing service beyond public clouds (Amazon, Microsoft and AliCloud), thus reconstructing the landscape of the IT computing power market.

Uranus seeks to address the challenge of underutilization of computing terminal in personal computers, corporate computers, or traditional physical servers. The underutilization results in the global market losing over $4 trillion in computing resources. Through the utilization of redundant computing power, Uranus can transfer the computing power in the execution of certain computing tasks or purposes such as DNA computing, computing of planetary orbit, advertising, gaming, and Analysis of weather data.

Technical Depth

The Uranus plans to design a chain with the following features to provide an easy and secure platform:

System autonomy, no vendor lockout
User experience is supreme
Flexible and pay-as-you-go
High throughput and scalability
Full support for cloud-native

The Uranus system is a technical platform for the sharing of ubiquitously existing computing power based on blockchain technology and the increasingly popular cloud native and microservice. It builds a decentralized IaaS&PaaS lightweight operating platform and provides a broader and more cost-effective resource trading market for all resource demanders and sharers.

Uranus Features

Standardized Measuring Unit
Customized Blockchain
Service Delivery Channel
Blockchain Supporting Interworking And Interaction Between Two Channels
Smart Contracts
Computing Power Computers

URANUS Project will basically have a chain, which is going to be called as Uranus Chain. The storage layer will be responsible for holding all the data on the chain. It will store the data relevant to computing power layers. The Uranus chain will use DPOS+BFT technology to build a new incentive mechanism.

On the Uranus chain, there will be a virtual machine - Tiller Virtual Machine. The uraTiller module contains Tiller virtual machine and Tiller native smart contracts and interfaces of external data, and logically links on-chain data and off-chain data.

The Uranus computing power engine module is an infrastructure module used for largescale scheduling, and automatic deployment, extension and management of containers.

There will be 2 types of smart contracts in the Uranus system. One type is explanatory Smart contracts similar to Ethereum, and the other type is native Smart contracts in the uraTiller module.

Uranus Token (URAC)

The core of economic transactions on the platform will be the URAC. The tokens enable all the participants of the ecosystem to share or buy computing power and drive delivery value. The tokens will also drive the PoC (Proof of Contribution) Mechanism whereby machine nodes that contribute more computing power are more likely to earn more tokens.