When I saw Chris Deering, “Father of the Playstation”, the former President and CEO of Sony Europe who played a major part in the success of the Playstation 1 and Playstation 2 consoles, winner of the BAFTA Interactive Industry Award, as one of the key advisors for this cryptocurrency, I knew I just had to delve into this mystery deeper.
There must definitely be a good reason why a decorated CEO be involved in a new startup.
The PS1 was the first video game console to ship a 100 million units and the PS2 remains the most sold console of all time selling around 155 million units. In 2003 Deering received the BAFTA Interactive Industry Award for his lifetime contributions to the game industry.
With that said, he plays an important role as one of the key advisors of CUDOS.
Here's a video of his interview with Pete Hill, CUDOS VP of Sales.
Here are some of the Key Advisors.
The people running CUDOS aren’t pushovers either.
Matt Hawkins, the CEO & Founder of the company is a founder of numerous UK tech businesses including C4L, an internet infrastructure provider which serviced ~1% of the UK market winning fast growth awards from Times Tech Track 100, Deloitte UK Top 50, and Deloitte EMEA Fast 500. He successfully exited in 2016 to finance Cudo Ventures.
He was involved in M&A during the transition period, acquiring other businesses. Matt has been involved in mentoring young entrepreneurs in the UK and was awarded Entrepreneur Of The Year at Dorset Business Awards and HSBC’s South West Business Thinking Winner.
Let’s talk about the specifics of CUDOS.
What is Cloud Computing?
In order to understand CUDOS and its purpose, let us first define the power of compute and the major players that’s already in existence.
Cloud computing is the delivery of online services (such as servers, databases, software) to users. With the help of cloud computing, storing data on local machines is not required.
It helps you access data from a remote server. Moreover, it is also used to store and access data from anywhere across the world. -Simplilearn
Have you ever heard of Amazon Web Services (AWS)?
It’s another branch of Amazon’s vast line of businesses and it’s a web service that provides secure, resizable compute capacity in the cloud. It is designed to make web-scale computing easier for developers.
AWS offer the broadest choice of compute services with the deepest functionality, more than any other cloud provider. They offer the choice of processors, storage, networking, operating systems, and purchase models.
Amazon Web Services is the leading cloud provider in the marketplace. It provides over 170 AWS services to the developers so they can access them from anywhere at the time of need.
AWS has customers in over 190 countries worldwide, including 5000 ed-tech institutions and 2000 government organizations. Many companies like ESPN, Adobe, Twitter, Netflix, Facebook, BBC, etc., use AWS services.
For example, Adobe creates and updates software without depending upon the IT teams. It uses its services by offering multi-terabyte operating environments for its clients. By deploying its services with Amazon services, Adobe integrated and operated its software in a simple manner.
Amazon Web Services raked in $10 billion of revenue in the first quarter of 2020. That’s 13.5% of Amazon’s total revenue!
CUDOS — The Global Compute Network
CUDOS provides a bridge between the blockchain world and the outside world to enable blockchains to consume outside data, APIs and compute.
CUDOS aims at changing the world of cloud computing by utilizing the unused computing power across the world and incentivizing the hardware providers. The network has steadily grown over the past few months and is currently available in over 145 countries with over 100,000 participants on the network and 20,000+ validator nodes running on the blockchain. -BitNewsToday
With that being said, CUDOS is not aiming to disrupt the existing Cloud Computing environment. Rather, it aims to compliment existing services by utilizing the blockchain technology, powering smart contracts, DeFi and the Internet. By doing so they are able to create unique outlets for business and growth, and help provide 10x more cost-effective computing and the use of data.
Partnerships
Since it’s conception, CUDOS has secured 250,000 signs-ups on its platform. It’s available to use in 145 Countries and have already secured solid partnerships with companies like AMD and Ultra. Recently, they have announced a partnership with THG Hosting to further strengthen their distributed cloud network.
CUDOS coin was offered for private investors last Q4 of 2020. It was made available for the public January of 2021. According to them, there will only be 10 billion CUDOS coins which will slowly be released in a span of 10 years. The majority of the coins will be locked in staking and rewards and there will only be 25% circulating supply for the public.
Staking Rewards
According to the CUDOS roadmap, Q1 of 2021 will be focused on the launch of their staking platform for staking rewards and bonuses.
How can you buy CUDOS?
If you want to buy CUDOS and earn rewards through staking, KuCoin is offering a 16.08% APR.
At the time of this writing, 1 CUDOS coin is priced at $0.04193.
CUDOS is still in its infancy. Still, a lot of big names in the cloud computing, gaming, and business industry didn’t bat an eye to back this project. This platform definitely has a lot of potential.
Combined with the power of blockchain, CUDOS will be a game-changer in the cloud computing niche.
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