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Press Release

Exploring Aleph.im – A Decentralized Cloud Computing Platform with Cross-chain Web 3 Services

Aleph is a project to decentralize basic data and cloud services. Although not a blockchain itself, the Aleph network interconnects several blockchains such as Ethereum and Polkadot to offer turnkey storage and computing services to Web 3 developers and the general public. You can join the aleph network by stacking directly on the site with a 12% return or even run master nodes.

In recent times, decentralization is all the rage in the tech industry with concepts like Decentralized Finance (DeFi), decentralized applications (dApps), decentralized metaverses, etc. evolving together into the vision of a decentralized, new version of the internet known as Web 3. This web 3 vision came to light due to the overly centralized nature of the current internet (Web 2) which results in numerous problems like compromised security, unfairness in access to internet resources, impunity in the operation of big tech companies which provide web 3 services, etc. And the vision has continued to grow.

A new tool is being developed for the decentralized technology of Web 3 with the concept of a decentralized cloud computing platform by Aleph.im. Cloud computing is the provision or access of computer resources like storage, bandwidth, hosting, software as a service, etc., over the internet. It’s a revolutionary computing paradigm with great prospects as has already been demonstrated by massive projects like Amazon Web Services (AWS) and Google Cloud.

However, the established cloud computing platforms identified above have the same web 2 problem of centralized management and control, which is what Aleph.im solves as a decentralized, open-source cloud computing platform and one which also provides numerous Web 3 services.

This is a major game changer because it combines the hardware-minimizing advantages of cloud computing with the democratic ideology of decentralized technology to create the far-reaching Web 3 solution known as decentralized cloud computing. Summarily, Aleph aims to affordably solve the real operational problem of centralized storage for the crypto and traditional economy. We now explore the usefulness of this technology.

Importance of Aleph.im

  1. Decentralized Cloud Storage:  Aleph.im is a Decentralized Cloud storage solution that allows even web 2 projects to decentralize any centralized data, hence creating an easily accessible means for big companies to operate in a progressive, flexible and robust way. This decentralized cloud storage of data is also presented in an analytical and easily understandable way which allows companies, dapps, and blockchains to have a good, in depth understanding of the way users are active with their applications.

The platform has improvements in scalability and security which help it mitigate some of the inefficiencies of centralized cloud computing platforms. Major companies like Ubisoft have already signed a partnership with Aleph.im.

2. Cloud computing services for Web 3:  Aleph.im was created to offer database and storage infrastructure for decentralized application (dApp) and protocol development, as well as on-demand serverless compute. The platform offers decentralized cloud computing services like blockchain indexing, cross-chain connection, dapp creation, etc., to promote interoperability, efficiency, and scalability across the web3 ecosystem. For example, Aleph is the number one indexing tool used in Solana blockchain to extract data.

Aleph.im handles these services through a robust layered architecture with levels like Application Layer, SDK Layer, Off-chain Network Layer, and On-chain Network Layer. It also supports sharding and cross-chain compatible systems to enable permissionless virtual machine technology used in dApp creation and access on the cloud.

Aleph’s services can be applied in strategic sectors like storage of NFTs or reliable authentication of their ownership, and in the monitoring of data for decentralized finance.

3. Cross-chain technology on the cloud: A number of tools like Binance bridge, Multichain, Wormhole etc., have already been developed to enable different blockchains to interoperate. However, these cross-chain bridges generally work as plugins or frameworks which are programmed individually by developers in the code for their crypto app. Aleph.im provides an already built platform with integrated support for multi-chain access which can easily be used on the cloud by developers and the general public alike.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.