Earlier in the week we looked at the people who will power Hypernet, and why they would want to connect their devices to the network. This week, we will take a look at the types of people who will use Hypernet’s computing capabilities — the purchasers.
Hypernet was borne out of a need for a specific type of computational power which didn’t exist in the marketplace at an affordable cost. Ivan Ravlich and Todd Chapman, Hypernet’s CEO and CTO respectively, experienced this dearth of power very acutely while conducting research at Stanford University. This is what spurred them to research new methods of computation to enable data-intensive simulations. Along the way, they have discovered many other use cases for the novel Hypernetwork protocol, and found many other parties interested in utilizing it.
The first type of user will be scientific researchers. Researchers generally have big dreams, but small budgets. Their options for computing are limited to government machines, which can take months or years to move to the top of the waitlist, or they can purchase time on Amazon or Google servers, which is prohibitively expensive. Hypernet provides a solution to both issues.
Corporations also use large amounts of computational power. For example, modeling market trends, running financial simulations, and even things like behavior analytics all take massive amounts of computing power. The world’s largest corporations will sometimes have in-house computation options, but most do not. Therefore, Hypernet could cut their computation costs by as much as 80% over cloud computing.
Organizations with sensitive information:
Imagine you run a hospital. You have billions of data-points on thousands of patients. You could use this data to discover new markers for diseases, and predictively analyze who is at risk for certain health issues. However, due to HIPAA, and other healthcare information privacy laws, you can’t efficiently analyze this wealth of life-saving information. Hypernet’s unique algorithm allows for sensitive data to be analyzed and learned from, but in an anonymous and secure way. This applies to anyone with sensitive data who wants to learn from that data; Hypernet could enable a new wave of cyber security and information privacy.
Individuals far away from computing resources:
Since computation is conducted off of the device, Hypernet enables data-analysis in remote locations. This means one only needs to be connected to the internet to open unlimited computation possibilities. Imagine you are the Red Cross, and you are trying to find efficient evacuation routes for a remote village after an eruption. Hypernet coud efficiently find those routes using nothing more than a satellite phone with a data connection.
Realisitically, Hypernet can be used by anyone who wants computational power, and has a connection to the internet. These are only a few profiles of the types of people and organizations interested in purchasing computational power. Within each of these profiles, the user also gains distinct advantages by using Hypernet, as opposed to services offered by other organizations. To learn more, you can subscribe to our blog and newsletter, and join our growing online community where you can ask our team questions, and talk to other people interested in Hypernet’s potential.
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