Razormind has launched DeOS its flagship service, a decentralised operating system ‘DEOS’ that uses the blockchain to provide secure, enhanced, storage and computing power through a closed beta program.
The system works by harnessing idle time across networked computers to provide storage space and computing power to the general public. Blockchain is the key to provide security through the decentralised operating system. Users can now securely store their music, photos and other personal data rather than hand it to Facebook and Google, or to do more technical things such as start building apps on the system or executing smart contracts.
Razormind completed a crowdfunding round in August for the sale of DEOS tokens, the native currency of the operating system. As with all public blockchain ledgers tokens must be spent (or burnt) in order to register activity on the blockchain. Therefore, whilst DEOS is an open source resource in the public domain for anyone, DEOS tokens will be needed to access some of the more advanced features such as registering data on the blockchain and executing smart contracts.
Businesses on board
Razormind is now turning it’s attention to the enterprise arm of DEOS in order to help businesses get on board with blockchain technology. Cloud-based business solutions are in demand as business look to hand over the running of servers and storage of data to others but security has always been a concern. Now blockchain technology can be used to overcome that. DEOS can host user data securely in the cloud where the user holds the only access key and communications can have end to end encryption. Razormind are keen to introduce the business community to this new formation of the technology which up until now has existed in spirit only.
‘Our technology brings blockchains one step closer to businesses and that can only be a good thing for the industry. DEOS is ready to go now so businesses can see a working proof and start to explore and understand how blockchain can help them’
Jawad Yaqub, Founder and lead architect, Razormind
Razormind are now busy building out a range of enterprise services and offering consultancy to help firms get ahead with the technology.