In essence, this is a combination of technology originated by SETI, distributed data mining of large datasets and the blockchain based technology introduced with Bitcoin. Combining these two allow for a secure, distributed data mining and processing system where users can purchase time on unused hardware simply and easily without understanding or being aware of where that hardware actually sits. Privacy and reliability are two of the largest challenges for distributed storage and processing systems and IAGON is built to support both of these aspects. Security and privacy are supported by IAGON’s Secure Lake technology, built on the blockchain encryption protocols, file slicing, and storage of small, anonymous portions of file slices. Aside from those with the key, no one can read, edit, or delete the file slices, or even associate them with other, related file slices. This technology decouples the security of the supporting hardware or software from that of the data storage mechanism.
IAGON is built to integrate into currently existing IT architecture without costing hundreds of thousands of dollars to deploy. It sits as middleware in both server-database or frontend-backend architecture. It works with SQL and NoSQL structures that currently exist and doesn’t require a large data migration project. This reduction of the barrier to entry for corporations or pre-existing IT architectures is one of the more enticing aspects of the project, as the easier IAGON is to integrate, the more successful it will be.
Tokens Available: 700,000,000 IAG
Presale: May 20 - June 20, 2018
Crowdsale: July 7 - August or September 7, 2018
Soft Cap: 5,000,000 USD
Hard Cap: 50,000,000 USD
Presale Pricing Structure:
Token Allocation:
The technological underpinnings of the system as presented seem to be very solid and they seem well prepared for the technological hurdles they’ll face in this process. The combination of technologies they’ve chosen make sense and seem to integrate well. It’s a very good sign that they have put as much thought into integration and installation as they have, as reducing the barrier to entry as much as possible is going to be critical to their success. Getting as close to plug and play as possible is most definitely in their best interest.
As far as token allocation, it’s good to see that they’re not holding a tremendous amount back for advisors, and that the vast majority is going to the crowdsale and presale. Unfortunately, no information on their fund distribution was presented, so that is one small area of concern. However, given their information on technical aspects, this still appears to be well worth considering for investment despite this missing piece of information.
Overall, IAGON appears to be an extremely well thought out project offering to power a new entrant into a market that may well be ready for an alternative from the monolithic blocs of offerings currently available.
