HiveNet (PreICO)

The Next Generation of Cloud Computing

HiveNet is a distributed cloud computing network, which enables computer owners anywhere in the world to securely rent out their idle computing resources for an income. Customers pay for these computing resources to perform their valuable tasks (e.g. big data analysis or complex calculations, like weather forecasting). Customer payments are forwarded to computer owners in fast and secure micro transactions of HiveCoins via the HiveNet Blockchain. HiveNet employs several measures to easily cash-out HiveCoin earnings, e.g. a HiveNet debit card. Allocation of tasks and validation of results are performed through an artificial intelligence, which ensures high efficiency and prevents fraudulent behavior.

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About HiveNet

During recent years, the adoption of cloud computing by companies and individuals all over the world has been expanding at highest pace, because outsourcing of computing power is more flexible and often cheaper than setting up an own dedicated computing center. Today, cloud computing represents a major business sector, which generates several hundred billion dollars of revenue each year. The trend continues and the cloud computing industry will grow by about 16 % annually throughout the upcoming years. Nevertheless, computing resources remain expensive, mainly due to the high costs associated with procuring and maintaining hardware on the providers’ end, as well as the huge margins, which are a result of the market’s monopolization. Meanwhile, all over the world innumerable private and business computers are idle during most hours of the day.

HiveNet will provide the technological solution to utilize these idle computer times by building up a distributed cloud computing network. This will enable computer owners to make a profit from the idle times of their computers. HiveNet achieves this by creating an isolated environment on computers, which allows renting out computing power while still ensuring security against potential threats. For cloud computing customers, HiveNet will be much cheaper than traditional providers, because HiveNet will utilize existing idle resources and thereby saves on most relevant cost drivers, like for example amortization of hardware investments.

Computer owners will receive a fair share from customer payments, depending on the provided amount of resources. Though, payments in any specific national currency would be infeasible for many reasons, like for example the huge costs for financial service providers when transferring money across borders. We solve these constraints by introducing the HiveCoin, which will be the inherent blockchain-powered cryptocurrency of the HiveNet. The HiveCoin will be a fast, simple and secure payment system, which will be free of transaction costs. This way, the financial interests of customers and computer owners are conveniently aligned. In order to ensure a wide distribution and decentralization of HiveCoins and to fund further development, the largest portion will be sold to the public.

HiveNet aims to enable public decentralization of the cloud computing industry and empowerment of computer owners all around the world. HiveNet will also have a positive impact on the environment, because it will increase the usage of available computers. This way, less resources will be consumed to build new computers and less electronic garbage will be created.

Movie

The team

Andreas Bogner

Head of Technology

Debasis Ratha

Senior Software Engineer

Dr. Matthias Besch

Senior Advisor

Evelyn Gu

Senior Marketing Manager

George Qiao

Multimedia Expert

James Lee

Software Engineer

Manish Chibba

Senior Software Engineer

Maximilian Pinker

Chief Executive Officer

Qiao Pinker

Head of Finance

Sebastian Daschner

Senior Advisor

Tatiana Tsutsor

Communication Specialist

Thomas Wunder

Communication Specialist

Roadmap

  1. February 2018

    Project start.

  2. September 2018

    First White Paper draft completed.

  3. December 2018

    Seed Funding secured.

  4. January 2019

    HiveNet GmbH incorporated.

  5. May 2019

    Development of first prototype completed.

  6. June 2019

    Launch of HiveNat.cloud.

  7. July 2019

    Prototype v2 completed.

  8. August 2019

    Prototype v3 completed.

  9. November 2019

    Planned start of public token sale.

  10. Q1 2020

    Start of public alpha testing.

  11. Q3 2020

    Filling of application for BaFin license.

  12. Q2 2021

    Start of public beta testing.

  13. Q3 2021

    Conclusion of public beta testing.

  14. Q4 2021

    Snap-shot of token ownership. HiveNet mainnet Launch.

  15. Q4 2022

    All currently planned features implemented.

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