Akash Network and Concordium partner to provide decentralized cloud infrastructure for blockchain applications
ZUG, Switzerland, March 23, 2023 /PRNewswire/ — Concordium blockchain is proud to announce an exciting partnership with Akash Network, an open supercloud platform that makes scaling and accessing services around the world easier than ever by connecting users to infrastructure providers with redundant computing resources.
The partnership between Concordium and Akash Network is an exciting opportunity for projects running on Concordium to access attractive and cost-effective cloud server locations to run dApps. By integrating with the Akash Network, ecosystem participants will also be able to leverage decentralized cloud storage and computing power to power their Concordium node, thereby contributing to further decentralization of the blockchain.
Most of the internet’s data lives on centralized networks at the behest of just three owners, Amazon Web Services (AWS), Google Cloud and Microsoft Azure, which currently account for over 60% of the cloud computing market.
Akash Network was born out of the need to redress this imbalance: it is a free, public and purpose-built service with a mission to decentralize cloud infrastructure and give power back to the people. The distributed peer-to-peer cloud marketplace is powered by a network of globally distributed node operators that offer tenant applications with cloud-quality server space at 85% lower prices than other systems.
Akash Network enables applications to be deployed in a secure and censorship-free environment, with a layer one protocol that uses Proof-of-Stake consensus both to secure the network and to protect the user’s identity. Additionally, removing single points of failure from one company makes Akash Network users more resilient to institutional attack vectors, and exploitation by AWS and other centralized cloud service providers.
Concordium is the only layer-1 decentralized blockchain with a built-in self-sovereign ID framework designed to have practical utility and especially distributed business applications. With fast transactions, true settlement and low FIAT-fixed fees, it is the perfect solution for developers looking to build their dApps on a secure, high-scale, science-backed chain.
“With Concordium’s nodes supportable on the Akash Network, Concordium’s users have an alternative solution for their cloud needs to not only save costs but further decentralize their cloud infrastructuresays Boz Menzalji, COO of Akash Network.
Mikael Breinholst, Product Director at Concordium, says “We are very excited to invite Akash into the Concordium community. As a leader in the decentralized cloud space, this collaboration is sure to be well received by the developer community for running nodes and easy app deployment. This will not only save costs, but also further decentralize their cloud infrastructure.”
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SOURCE Concordium
