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BOINC Officially Released a Blockchain White Paper to Build a Hashpower Network for All Humans

Abstract : On August 14, 2019, "BOINC Hashpower Planet ", the commercial of the world's largest distributed computing platform BOINC, officially launched a white paper.

ChainDD
ChainDD

Aug 18

According to the official white paper, BOINC Hashpower Planet’s vision is to build a stable, efficient, and affordable hashpower service network for all human beings in a world based on hashpower.

On August 14, 2019, "BOINC Hashpower Planet ", the commercial of the world's largest distributed computing platform BOINC, officially launched a white paper. According to the official white paper, the vision of "BOINC Hashpower Planet " is to build a stable, efficient and affordable hashpower service network for all human beings in a world based on hashpower.

The white paper states that the initial goal of “BOINC Hashpower Planet” is to increase the hashpower of BOINC research to 100 PetaFLOPS (three times the size of the existing hashpower). After the total network hashpower exceeds 100 PetaFLOPS, “BOINC Hashpower Planet” will use excessive hashpower to provide commercial hashpower. In the future, with the further development of BOINC network hashpower and distributed cloud computing services, “BOINC Hashpower Planet” will cooperate with BOINC research community in terms of hashpower donation.

World-class hashpower platform with Chinese team promoting blockchain transformation

On July 31st, US Eastern Time, Reuters published "China Science and Technology Team Launched hashpower Revolution" and reported on the launch of the "BOINC Hashpower Planet Project".

According to the report, a California-based startup called CSCNT Inc. (California Super Computing Network Technology Inc.) is using the blockchain technology and global commercialization strategy to fully upgrade the BOINC platform. At the same time, CSCNT Inc. signed an agreement with the University of California at Berkeley, the BOINC platform developer, to develop a cloud computing service system based on idle hashpower, and to further advance the hashpower services of the BOINC open source network.

It is worth noting that CSCNT Inc., the company that promotes the blockchain and commercialization of the BOINC platform, mostly comes from China.

According to Reuters, BOINC is the world's largest open-source grid computing supply platform, providing computing support for many cutting-edge scientific research projects around the world. The development of BOINC was originally undertaken by the team of the Space Sciences Laboratory at the University of California, Berkeley. The team is led by David Anderson, a well-known scientist in grid computing. He is also a leader in the well-known research project called SETI@home, which “searches for extraterrestrial civilization at home”. CSCNT Inc. plans to upgrade its existing BOINC system to bring blockchain technology and the pass-through economy to the next generation of upgrades.

BOINC does not pursue commercial profits until the hashpower is expanded to three times

According to public information, since its birth 17 years ago, BOINC has been applied in mathematics, medicine, astronomy, meteorology and other fields. The BOINC platform is available in 118 countries around the world. Services include gravitational wave verification, AIDS physiology and drug research (FightAIDS@home), particle accelerator design (DPAD project), protein internal structure research (Rosetta@home project), cancer breakthrough, and other cutting-edge research that requires huge data analysis. Projects, providing them with cheap and top-notch hashpower.

In the chart, the blue line shows the growth of the BOINC platform's hashpower over the past 10 years, while the yellow and red lines show changes in the number of global individual devices and global data respectively. The data shows that in the current BOINC system, hashpower from China is less than 3%.     

The “BOINC Hashpower Planet” project focuses on the Chinese market and taps on quality projects and hashpower from China. The initial goal was to increase the hashpower of BOINC's scientific research to 100 PetaFLOPS (three times the size of the existing hashpower). After BOINC's total network hashpower exceeds 100 PetaFLOPS, “BOINC Hashpower Planet” will use excessive hashpower to provide commercial computing services.

Jason Lee, CEO  of "BOINC Hashpower Planet" and partner of Ancoin Capital, said in BOINC 2019 Global Seminar held recently, "We will not consider making any profit before the BOINC platform reaches 100 PFlops. After reaching the goal, ‘BOINC Hashpower Planet’ will gradually try to commercialize and return most of the profits to the community users."

According to ChainDD’s exclusive report, "BOINC Hashpower Planet" has officially entered the field of edge computing, with the main direction of cluster computing and edge computing, providing cheap and efficient hashpower resources expansion for traditional cloud computing services. (For details, please refer to "BOINC, the world's largest distributed hashpower platform, officially enters the field of edge computing"). At the same time, BOINC decided to set up a research and development center in China to participate in the open source project cooperation of Alibaba Cloud MARS project and provide technical support to each other.

BOINC will access the one-stop encryption aggregation trading platform ChainDDX

Recently, the “BOINC Hashpower Planet” project further publicized the strategic cooperation with multi-party commercial organizations. In China's R&D and application fields, BOINC has conducted more research and cooperation with well-known research institutes such as Tsinghua University and Peking University to cultivate high-quality scientific research projects.

At the product level, BOINC Commercial announced that it will work with ChainDD, a global blockchain information, trading and financial data platform. ChainDDX, the one-stop digital asset management tool of ChainDD, became the first encrypted wallet platform to directly support BOINC pass points transfer and storage.

ChainDDX, the ChainDD's product, will support the "BOINC Hashpower Planet" project. Within the ChainDDX service system, the following functions will be supported: one-click access to the BOINC account, login to the ChainDD with the BOINC account, and review of the points for each volunteer service project; support for the transfer of BOINC pass points; support for the fastest and authoritative release of news related to BOINC community; support for BOINC pass points for airdrop exchange and trading.

In addition, at the "BOINC Hashpower Planet" (Beijing) Consensus Night event held recently, "BOINC Hashpower Planet" partner Lu Zi announced that it has reached a strategic cooperation with the blockchain public chain project Conflux. In the future, "BOINC Hashpower Planet" will work with Conflux to combine the top computer academic resources and cutting-edge technology research and development resources between China and the United States to jointly promote the advancement of distributed computing and other fields, making hashpower the basic driving force for the development of the next stage of human civilization.

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