IAGON AS

IAGON AS is a decentralized cloud services firm, established in 2017, that operates a marketplace for shared storage and computing resources. The company was founded by a group of PhDs, including Dr. Navjit Dhaliwal and Dr. Elad Harison, who initially aimed to create a secure method for individuals to own and manage their health data. This initial concept broadened to address data security and ownership across various industries. Dr. Dhaliwal, a serial entrepreneur with a background in medicine and dentistry, entered the blockchain space in 2013 with an interest in protecting patient data privacy. Dr. Harison is an expert in AI, machine learning, and economics, and has held roles as a college department head and advisor to various industries. The company leverages blockchain technology and artificial intelligence to create a distributed network from underutilized storage and processing power from individuals and data centers.

The business model centers on creating a shared economy for digital resources. Individuals and enterprises can contribute their unused storage capacity and processing power to the network and earn rewards in the form of Iagon's native utility token, IAG. Conversely, clients can purchase storage and computational services, with pricing determined by supply and demand within the marketplace. The platform is designed to serve both enterprise and retail consumers, with a particular focus on industries requiring high security and compliance, such as healthcare, finance, and legal services. Revenue is generated from transaction fees within this storage and compute marketplace, which also fund the ongoing development of the protocol. Transactions for services are priced against fiat currencies to ensure stable utility value for users.

IAGON's core service is a decentralized cloud platform that provides secure, private, and cost-efficient data storage and computing. Data security is achieved by encrypting and splitting files into fragments, which are then distributed across a global network of nodes, eliminating single points of failure common in centralized systems. This method enhances privacy and gives users full control over their data, with access managed via NFTs on the Cardano blockchain. The platform also offers decentralized web hosting and plans to introduce a GDPR compliance tracker for enterprise clients. A key component of the ecosystem is the IAG token, which facilitates payments, rewards resource providers, and enables holders to participate in staking to earn rewards. Originally launched on Ethereum, the protocol and its IAG token have since migrated to the Cardano blockchain to leverage its scalability and security features.

Keywords: decentralized cloud storage, cloud computing, shared storage economy, blockchain technology, artificial intelligence, data security, data ownership, Web3 infrastructure, Cardano, DePIN, utility token, data fragmentation, resource sharing, decentralized applications, GDPR compliance, enterprise data solutions, secure data storage, compute marketplace, IAG token, peer-to-peer cloud services