Hamburg, Germany, July 23, 2024, Chainwire
As a pioneer of the future of decentralized cloud with real-world demand, using SLA oracles and enterprise-grade hardware from major vendors, ICN is building a multi-service decentralized cloud platform.Impossible Cloud Network (ICN), a decentralized cloud ecosystem with roots in Web2, has revealed its roadmap for an open, multi-service platform. Competing with giants like AWS, GCP, and Microsoft (NASDAQ:) Azure, ICN connects hardware vendors, service providers, and monitoring nodes through the ICN protocol.
The protocol is designed to balance supply and demand in a blockchain-based marketplace, ensuring efficient scalability and minimal subsidies. ICN’s architecture includes hardware for scalability, services for composable innovation, and monitoring for trust. ICN aims to support a variety of cloud services, including storage and GPU computing, offering end-to-end solutions for various business needs. With Impossible Cloud GmbH as the first service provider, the platform has already proven that it can facilitate revenue generation by delivering trusted services with industry-leading performance.
Impossible Cloud has previously raised €17M in funding from leading Web3 and Web2 investors including 1kx, HV Capital, Protocol Labs, Very Early Ventures, LBBW VC and TS Ventures.
The new Litepaper is now available
The Impossible Cloud Network (ICN) white paper has been published, providing a detailed overview of ICN’s vision and development plans. The paper outlines the technical and strategic milestones guiding the platform’s evolution, including key features, architectural design, and future outlook. Particular emphasis is placed on SLA oracles, which are essential for monitoring and ensuring network performance and reliability for enterprise customers.
Kai Wawrzinek, CEO and Founder of ICN, says:
“Our architecture takes a multi-layered approach: the hardware layer ensures unprecedented scalability through decentralized hardware contributions. The service layer facilitates composability, allowing open-source software to be integrated into larger builds. Finally, the monitoring layer, comprised of Oracle (NYSE:) SLA nodes, establishes a trust layer with verifiable proofs to address DePIN's verification problem.”
Users can find more information in the newly published Litepaper here.
Major milestones with key partnerships and a growing ecosystem
Recently, Impossible Cloud Network (ICN) played a key role in the initiation of the DePIN Association Together with other founding members such as peaq, IoTeX and DePIN Hub, this association aims to expand and accelerate the adoption of DePIN through education, events and strategic collaborations. ICN has also announced strategic partnerships with leading hardware manufacturers such as Supermicro and pioneering DePIN projects at the forefront of the industry such as Witness Chain.
During a keynote address at EthCC, ICN presented its innovative solutions and strategic vision for the future of the decentralized cloud. The event highlighted ICN’s commitment to building a strong ecosystem through these important partnerships. Christian Kaul, COO and co-founder of ICN, stated:
“We are excited to showcase our vision at EthCC and believe our innovative approach will set new standards in the cloud services industry. The strength of our ecosystem is crucial as we work together to revolutionize the open cloud, ensuring a mutually beneficial innovation platform.”
These developments are a sign of strong support from the Web3 and DePIN community, highlighting ICN’s potential to build real-world connections and bring decentralized projects to the forefront of the industry landscape. ICN invites forward-thinking projects, developers and investors to join its mission to revolutionize the cloud industry.
For more details on the ICN ecosystem and strategic plans, the recently published Litepaper here provides a detailed overview.
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About the ICNImpossible Cloud Network (ICN) is a decentralized cloud platform that connects enterprise-grade hardware to cloud service providers while leveraging SLA oracles to achieve uncompromising performance or quality of service. ICN already has service providers using the platform with hundreds of commercial customers and real revenue, proving the platform’s performance and reliability.
For media inquiries, please contact:
ContactWeb3 Marketing ExecutiveSara TeixeiraImpossible Cloud GmbH[email protected]
This article was originally published on Chainwire
