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Decentralized Cloud Computing Project “exaBITs” incubated by Harvard Innovation Labs
It has been reported that exaBITs, a decentralized computing network based on blockchain technology, has been selected as a permanent member of Harvard Innovation Labs, the official incubator for Harvard alumni. exaBITs is a decentralized cloud computing project that aims to solve the challenges of scalability and accessibility of intensive computing in Web3.0, AI, and other application scenarios. Through a globally distributed computing power network built by computing miners, exaBITs will construct a Web3.0 infrastructure that has zero downtime, low costs, and unlimited computing power.
Under the incubation of Harvard Innovation Labs, exaBITs will have access to resources and support from Harvard University to help accelerate its growth and development. This is a significant achievement for exaBITs and highlights the potential of decentralized computing as a solution to the challenges of the modern digital world.
According to the exaBITs team, exaBITS is developed based on the latest Internet concept of computing and network convergence, realizing innovative technologies such as computing and network awareness, computing force quantity, computing force validation, computing force routing, and computing force orchestration. It is a new type of network that realizes optimized resource allocation, by distributing computing, storage, network and other resource information of service nodes through a network control plane. It combines network context and user requirements to provide the optimal distribution, association, transaction and scheduling of computing, storage and network resources.
The network is able to divide tasks based on different computing power needs and automatically select the most efficient and cost-effective units to complete those tasks, rewarding contributors with a share of the network’s computing power. Unlike traditional centralized computing services, exaBITs is able to maintain continuity of operation despite regional power outages or other issues, ensuring that its network and applications can run uninterrupted. This decentralized approach allows exaBITs to offer a more resilient and dependable computing service, making it an attractive solution for businesses and organizations that require robust and scalable computing resources.
In addition to its efficient, low-cost, and downtime-free service, exaBITs, which is built on blockchain, also boasts a well-developed governance and economic system. This system, through effective incentives, allows the general public worldwide to participate in the new infrastructure of information technology. This upgrade to a socialized economic system is something that traditional centralized computing services cannot achieve, and it is this kind of incentive mechanism that gives the distributed computing power network unlimited room for growth.
The exaBITs network is designed to be decentralized, meaning that it is not controlled by any single entity, but rather relies on the collective efforts of its participants to maintain and operate the network. This decentralized approach offers a number of benefits, including increased security and resiliency, as well as the ability to scale to meet the growing demands of the digital world.
The core members of the exaBITs team come from top global institutions and companies such as Harvard, Princeton, Microsoft, VMWare and Meta. Being selected to join Harvard Innovation Labs not only signifies exaBITs’ recognition as a high-quality project, but also provides it with strong connections and resources to support its development.
This is a significant achievement for exaBITs and a testament to the quality of its team and technology. exaBITs aims to use decentralized computing to solve the challenges in the digital future, and its inclusion in Harvard Innovation Labs is a major step forward in achieving the goal.