Blockchain Startup, DADI Launches New Network To Power A Fairer, Faster, Safer Internet
A British technology startup has announced the rollout of its revolutionary ‘DADI' network – a peer-to-peer network, which is built on blockchain technology and the concept of ‘fog computing'
What Is DADI?
According to its owner, the DADI network was built by a world-class group of technology experts, with over 300 years collective experience in technical leadership roles at brands including the BBC, Barclays, Diesel, Renault and Nike.
The company says the new ‘DADI' network will be faster, fairer, safer and majority-owned by the public.
What The DADI Network Is About
After spending four years and $2 millions of direct personal investment in Research & Development, preparing the network's launch, the makers of DADI says the network represents a radical overhaul of the current approach to hosting. DADI also changes how storing and distributing data on the Internet is done.
The DADI network sees information stored and served from costly data centers that are predominantly managed and monetized by large technology corporates.
DADI closed a $30million crowdfunding round for its blockchain-based network this January, in what has now been termed UK's largest first-level funding round of 2018 so far.
Host, Store And Distribute Data On The Internet
As adoption of the old way of approach hosting, storing and distributing data on the internet reaches maturity, three quarters (74%) of the market is now controlled by just four technology companies: Microsoft (31%), Amazon (26%), IBM (9%) and Google (8%).
However, the DADI network will be ‘decentralized', running on spare computing power in millions of businesses and homes around the world. Consumers will be able to link their own device, and earn income in exchange for becoming a contributor to the network. The level of this income will vary depending on the amount of power each user contributes to the network. Businesses will be able to build, store and serve content on a network that is faster, more secure and up to 60% cheaper than existing alternatives.
DADI founder and CEO Joseph Denne, said a vast amount of computational power currently goes unused in homes and businesses, around the world. From the expensive computers, to games consoles, set-top boxes, smart televisions and other devices, large amounts of their life are unused or in standby mode. That's the power DADI is looking to harness for its new network – drastically reducing reliance on expensive data centers that harm the environment.