The networking infrastructure that powers the way digital applications are designed has changed dramatically over the last decade, with recent innovations including cloud computing and blockchain technology. Combining these technologies can lead to the launching of decentralized finance (DeFi) applications, blockchain networks, and other innovative digital products, but achieving this can be complicated, time-consuming, and expensive.
Overseen by parent company Overclock Labs, Akash Network provides a distributed peer-to-peer marketplace for cloud computing that allows developers to launch DeFi applications rapidly. The software allows pre-developed applications to be packaged in containers with predetermined prices and resource requirements, helping cloud-native, decentralized and serverless apps to be deployed at rapid speeds and at lower costs.
Whilst the solutions that Akash Network provides can already be achieved by software engineers with expertise in cloud computing and blockchain technology, the company recognized that cheaper, simpler, and faster solutions are required for the Web3 vision to scale. The company hopes that its ecosystem will disrupt the centralized cloud platform market, making decentralized apps easier to develop and more consumable.
Steph
Company Specialist at Welcome to the Jungle
