CORDIS Project
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This project aims to transform the cloud computing market by utilizing blockchain technology and smart contracts to enhance service quality and reduce costs. It focuses on creating tools for quality assurance in decentralized cloud services, enabling more providers to participate in the market.
Today the cloud market is restricted to few providers, which entails higher prices, vendor lock-in and lower service quality.
Smart Contracts (SC) and blockchain could reshape this market since they lower costs and provide trust without resorting to intermediaries.
This paradigm, named blockchain-based clouds, prevents vendor lock-in and has the potential to make market's barriers so low that anyone with idle or spare computational resources can offer cloud services.
The STARCloud project system…
TECHNISCHE UNIVERSITAET WIEN
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