By Bitcoin.com PR — September 10, 2017 0 989
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SPARC has designed a platform that will allow users to put their idle or unused computing power to good use. With its platform, and the SPARC token participants will be able to engage in distributed computing through a variety of devices and get paid for it. This ICO is an opportunity for those interested in the field of distributed computing, and the scientific research industry. Researchers and research institutions around the world will be using that idle or unused computing power to conduct their research. They will be paying for it through this platform. The whole payment and idle computing power usage will go through the SPARC distributed computing platform.
How does SPARC Work for Users?
To explain how the whole concept works, it is helpful to borrow an example from day to day life:
– A person sitting at a bar, runs out of battery on their phone.
– That person, turns to someone sitting right beside them and asks to use their phone.
– In exchange for a call, this person is willing to pay the lender of the phone.
– The exchange takes place when the lender of the phone realizes that the phone is idle, so he or she can lend it without affecting their own usage.
– In exchange, the borrower pays the lender, and the lender derives additional utility from that idle phone.
SPARC Distributed Computing
The SPARC platform works like a global bar, in which at some point anyone will have an idle device that someone might need temporarily. When researchers within the platform, need that computing power, they ask to borrow idle devices – unused computing power on phones or computers – within the network. In exchange, the researchers will pay those willing to lend their computing power to them, with SPARC.
The fact that the SPARC platform can do this, while allowing the owners of the devices to control the amount of computing power they want to rent out, and making sure they get paid, will create a network of distributed computing. Researchers, who are always in need of more computing power to manage, calculate and compile more data, will be willing to pay for that computing power on demand. This means they do not have to purchase too much computing power upfront, and can instead use their grant money more efficiently.
The Peer to Peer Research Network Works with Integrated Research Software
This distributed computing platform thus creates a true peer to peer computing experience, in which researchers can advance human knowledge and get competitive prices for the computing power they need, and any individual can profit while they help researchers on their next big discovery. Everyone wins.
The integration of well-known and widely used software platforms, that researchers in the fields of mathematics and physics use, is they next key building block that will enable the platform to function as designed. The SPARC platform will be able to interact with the following research programs:
• MatLab & Maple – Widely used by students and researchers. Students with little network experience will be able to use it.
• COMSOL – Industry leader in modeling and simulation software for Multiphysics. This kind of software requires a considerable amount of computing power, that thanks to SPARC researchers will have access to.
• Blender – for model pre-processing and WebGL files.
Where does SPARC come from and why did its founders decide to Launch it?
The origins of this project reveal its potential for success and the familiarity of its founders with the research industry. SPARC is a project that started out in Kingston Ontario, Canada. For those who are not familiar with this part of Canada, Kingston Ontario is a city built around its renowned research institutions. The founders of this project have seen first-hand how researchers struggle to purchase enough computing power on their grants. They realized that the solution was to lend those researchers unused computing power.
SPARC: More than Just a Distributed Computing Project
Besides putting idle computing resources on the platform, anyone can join and support this project by buying some SPARC tokens, and contribute to humankind. SPARC will also take a part of the funds it raises from the sale of the token and will release its own research grants for those researchers who need money to conduct their research. This makes anyone who buys SPARC a potential double contributor to research and the advancement of knowledge. Platform users will be able to rent their unused computing power, while those who also bought SPARC during the ICO will know they contributed to researchers, enabling research that otherwise wouldn’t have found sufficient funding.
This is an opportunity to be part of a project that can help humankind and integrate buyers into the research economy. Participants at the pre-ICO stage can get more SPARC when they contribute, which will give them another reason to consider this ICO opportunity. The pre-ICO stage has already sold over 350 ETH worth of SPARC of the 1,000 ETH cap set.
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Supporting Link: http://sparc.network/
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