Uranus, a Singapore-based blockchain startup is planning to introduce a new model of distributed computing in the market. Harnessing the idle power of computers with blockchain technology is how Uranus is aiming to bring the highly accessible computing resources to users all over the world. The main goal of Uranus is to do this in such a way that it becomes easy to use by anyone from any corner of the world.
Uranus is also planning to give contributing users a chance to earn some money by using their hardware for a range of scientific and business applications such as gamut of voting, internet of things (IoT) node management, web search, games, advertising, and weather analysis. Uranus’ head of marketing, Kevin Wang, explained the Uranus ecosystem in a September 2018 meetup in Vietnam. Kevin said that “contributors and developers can earn rewards in the form of Uranus tokens. These digital coins establish a value exchange system by which clients, developers, and contributors-users can collaborate and transact.”
Uranus is building a blockchain-powered distributed computing architecture which will enable the users to solve clients’ problems with just a tap on their computing hardware. Devices that would otherwise be idle can run applications and can generate revenue. Uranus is following the business model of United States based transportation network company, Uber. Uber provides on-demand taxi services to passengers. The mobile application of Uber connects willing passengers to taxi cab drivers. Taxi drivers use their own cars to provide taxi service. In this process, taxi drivers can use their idle cars to earn some extra money. The same way Uranus is making the idle devices productive.
In a recent tour to Moscow, Singapore, and Vietnam, the founder of Uranus, James Jiang said that “such a shared infrastructure will tap the enormous and redundant computing power of the world and provide shared computing services that run on the public blockchain.”
Uranus is creating an intelligent computer power and value exchange delivery mechanism. Uranus’ blockchain (uraBlock) has features such as:
- Cross chain transaction
- Extended off chain service
- Fair service supply measurements
- Optimisation of consensus algorithms
- Proof of contribution (PoC)
- Large-scale commercial applications and other industrial application scenarios
It is expected that with time the Uranus project will gains stability, even during the time when there are insufficient resources allocated to a process. Uranus will revolutionise the industry by tapping unused resources.