Scalability and Adoption for Iagon. Profit margins and competitive pricing for the Fortune 500 company that has zettabytes of idle, underutilized storage capacity with their enterprise users.
This is the total amount allocated to Freyr - Proof of Concept Pilot With Iagon Private Distributed Cloud Service and a Fortune 500 company.
NB: Monthly reporting was deprecated from January 2024 and replaced fully by the Milestones Program framework. Learn more here
Iagon Private Distributed Cloud Service (PDCS) will demonstrate a proof of concept with the Fortune 500 company for a pilot app that will be installed on the infrastructure of the company.
Successful execution of this proposal will require close collaboration between Iagon and the Fortune 500 company, with dedicated teams from both sides focused on development and integration. This joint effort will significantly accelerate the pilot, ensuring that all technical and compliance requirements are met efficiently. Iagon will also seek acceptance from Catalyst to disclose the identity of the Fortune 500 company, allowing for transparency in auditability while adhering to the terms of existing NDAs.
While decentralized technology prioritizes openness and transparency, enterprise adoption in regulated environments requires careful handling of sensitive data and compliance standards. In this case, a closed-source approach provides necessary safeguards, ensuring that data and security protocols are tightly managed. This enables Iagon to integrate decentralized solutions within stringent compliance frameworks, facilitating enterprise trust and confidence in the technology.
This strategy supports the broader goal of decentralization by introducing secure, compliant solutions into enterprise settings, paving the way for more open and flexible implementations as trust in the technology grows.
The consumer perspective: Currently there is a vast degree of under utilized storage hardware among both the company's enterprise customers as well as the company datacenters. This inefficiency presents an opportunity to maximize hardware use by monetizing unused capacities through Iagon. Additionally, The company has a global network of cloud service users who are not exposed to the benefits that a decentralized network can provide such as lower costs, increased data safety, security and privacy, and custom data management solutions for enhanced data transparency and compliance. Iagon’s Private Distributed Cloud Service (PDCS) will demonstrate a proof of concept together with the company where we will develop a pilot application to install on the company servers (provided by either the company or their enterprise users. This means demonstrating an app that could increase the supply side with more storage for the Iagon cloud network)
The enterprise perspective: PDCS presents a competitive alternative to centralized cloud services, which often have high premiums for storage and bandwidth. By leveraging it, enterprises can achieve significant cost savings, as it maximizes the efficiency of underutilized hardware and optimizes resource allocation. This directly enhances profit margins by reducing overhead costs and monetizing idle storage capacities.
Additionally, PDCS provides advanced features that central services typically lack, such as the elimination of Central Points of Failure and the flexibility to customize storage solutions. Enterprises can tailor redundancy levels, manage bandwidth availability in different regions, and utilize compliance tools to control data residency—ensuring full alignment with global regulatory requirements. Altogether, PDCS offers a robust solution that enables enterprises to deliver more cost-effective, compliant, and resilient cloud services while driving profitability through efficient use of existing infrastructure.
If the Proof of Concept app is successful, the next step would be to collaborate with the company on making a white-labeled cloud storage solution for the company laptop users. This would give millions of users access to the Iagon Network (PDCS), installed as a default on all the company laptops. This software would utilize the infrastructure of the company enterprise users.
Another direction with the company could be with idle computing power, both for GPU and CPU.
The proposed solution will onboard the Fortune 500 company to a proof of concept with Iagon, using Iagon’s Private Distributed Cloud Service (PDCS) on the Cardano blockchain. This collaboration will drive increased traffic, utilization, and awareness for Cardano, demonstrating its capabilities in real-world, enterprise-scale applications. Should the company adopt the PDCS app after a successful pilot, it could catalyze a significant, ongoing impact on Cardano’s ecosystem, onboarding millions of users directly while establishing a channel for continued and lasting growth.
The PDCS also offers a versatile framework that can be adopted for other industries that handle sensitive data and require rigorous compliance. Beyond this pilot, sectors such as healthcare, finance, and legal could benefit from PDCS’s compliance-ready features. For instance, PDCS aligns with HIPAA standards in healthcare, ISO certifications in finance, and document auditability in legal practices, showcasing its adaptability to diverse enterprise needs. These examples highlight just a few of the countless ways PDCS can support enterprises across industries and display how this technology can serve a pivotal role in establishing enterprise use cases and adoption for the Cardano blockchain and ecosystem.
The success of the project can be measured using several key indicators:
By monitoring and analyzing these indicators throughout the project's lifecycle, the success and effectiveness of the project can be evaluated, allowing for adjustments, improvements, and further development to meet the evolving needs of the company through the proof of concept app.
Please describe your plans to share the outputs and results of your project?
Sharing the outputs and results of the project is crucial for transparency, collaboration, and knowledge dissemination within the Cardano ecosystem. Here are some plans to share the outputs and results:
By adopting these approaches, the project can effectively share its outputs, results, and progress with the Cardano community and showcase where Iagon is in onboarding the company users to the Cardano network through Iagons decentralized storage solutions.
What are the main goals for the project and how will you validate if your approach is feasible?
The main goal is to collaborate with the company to understand what they need across multiple company devices and across regions with different licensing and regulatory requirements. By doing this we hope to onboard the company to the Cardano blockchain network through Iagon Private Cloud Storage Solutions.
Infrastructure Design and Initial Alignment
Objective:
Establish foundational infrastructure and ensure compatibility with the Partner company’s systems. This involves providing architectural designs, network topology options, sequence flow diagrams, and aligning initial goals with stakeholders.
Outputs and Acceptance Criteria:
Compliance and Security Review, Deployment Planning, KPI definitions
Objective:
Conduct a compliance and security review to meet data regulations and the company’s internal policies. This includes detailed documentation to ensure robust protection and adherence to industry standards. Research methods of enterprise app deployment that will work for the PDCS. Determine metrics/KPI to measure reduced operational costs and other benefits.
Outputs and Acceptance Criteria:
System Integration and Functional Testing
Objective:
Integrate PDCS prototype with a subset of the company's computers or servers and conduct functional testing to ensure stability, performance, and operational reliability, making adjustments as needed for optimal function.
Outputs and Acceptance Criteria:
Test Data Migration and Define DR testing approach
Objective:
Migrate test data from traditional storage to PDCS for long-term prototype testing and verification of data residency adherence. Determine DR (Disaster Recovery) testing strategy and procedures
Outputs and Acceptance Criteria:
Rollout of Pilot implementation
Objective:
Equip the company’s users to fully utilize PDCS through structured rollout and training where needed. Implement agreed upon deployment strategy and collect usage metrics.
Outputs and Acceptance Criteria:
Pilot Evaluation and Strategic Roadmap
Objective:
Complete a final assessment of the pilot’s performance, scalability, and cost-efficiency, using insights to prepare a roadmap for broader deployment or scaling.
Outputs and Acceptance Criteria:
The following budget breakdown provides an overview of the anticipated costs for the project, categorized by key areas of expenditure.
This budget outlines the allocation of funds in ADA, with the ADA amounts calculated at a rate of 1 ADA = 0.3 USD.
The breakdown ensures comprehensive support across project coordination, IT logistics, development, integration, and contingency, designed to maintain operational efficiency and facilitate seamless project execution, with a reserve for unforeseen expenses.
Iagons cloud services utilize the Cardano Blockchain for access layer, fees and rewards.
This pilot will bring significant attention to Cardano and demonstrates enterprise interest in the adoption of Cardano and the innovative services building on it.
Further, if the Proof of Concept app is successful it could have a significant impact on the Cardano ecosystem by adding millions of devices paying for storage fees through the Cardano blockchain. It would also demonstrate to other enterprise companies that Cardano has decentralized infrastructure apps such as Iagon’s Private Distributed Cloud Services that allows them to whitelabel and onboard to Cardano seamlessly while enjoying the benefits of the safety, compliance, decentralization and cost reductions of Iagon and the Cardano blockchain.