DFINITY announces its unbounded blockchain cloud

DFINITY Stiftung, the not-for-profit organization dedicated to the research and development of “DFINITY” blockchain technologies, has announced its formal intent to create an open network that serves as a massive virtual mainframe computer in cyberspace that might play the role of a new kind of decentralized cloud, the company said.

DFINITY will launch a multi-thousand node demonstration network in Fall 2017 that showcases some of its new technology in action.

This open network will enable the fabric of the Internet to play the role of cloud provider using novel blockchain computer technology that makes powerful and highly disruptive applications possible. For example, DFINITY will unleash the power of supply chain transactions, Internet of Things, financial markets & exchanges, charities, and intellectual property management, to name a few, on an unbounded, open and secure platform. With its dramatically increased performance and unbounded capacity relative to today´s blockchain networks, DFINITY has the potential to power even traditional enterprise IT systems.

With its decentralized, unbounded cloud platform, the DFINITY network will power the third-generation of the blockchain. It hosts a new blockchain computer that is similar in concept to Ethereum but has vastly improved performance and ultimately, unlimited capacity.