February 15, 2023
Akash Network’s cloud computing marketplace is counting on its open-sourced, decentralized “super” cloud to provide data center operators with more server space. By offering unused compute cycles, data centers and anyone with a computer will be able to become cloud providers.
According to Akash Network CEO Greg Osuri, running community-developed open-source software creates a competitive marketplace that lowers costs and increases commute availability. Using open source software, data operators can buy and sell compute resources while optimizing unused data center capacity.
The platform enables data center operators to sell unused capacity to buyers in need of compute resources, allowing them to optimize unused capacity. This results in a more efficient use of resources, less waste, and the potential for additional revenue streams. The platform offers a flexible pricing model that allows buyers to purchase resources at a lower cost than major cloud providers.
Although the technology is still in its early stages of development, supporters believe it has the potential to revolutionize the way data centers are managed. The open-source model enables rapid innovation, simple customization, and cost-effective scaling. It is expected to be 85% less expensive than the large hyperscalers.
Although this is not the first attempt to create a platform for trading compute resources, the cloud offers a unique opportunity. The platform’s ability to optimize unused capacity and reduce costs could help accelerate the shift to cloud-based services and improve data center operations efficiency.
The sources for this piece include an article in DataCenterKnowledge.
