ThreeFold, a global, peer-to-peer Internet network, has joined with Dubai real estate developer Paradise Hills Property Development to bring the world’s largest decentralized Internet Cloud powered by the ThreeFold Blockchain into homes.
Paradise Hills and ThreeFold have announced today their plans to add dedicated servers (3Nodes) to approximately 170 homes in the Paradise Hill project, creating the world’s first neighborhood Cloud Network on the ThreeFold Grid.
Through this historic partnership, Paradise Hills and ThreeFold will provide every homeowner of the gated residence with a pre-installed 3Node, a dedicated server that provides the edge computing and internet storage needed to run decentralized applications and internet services. The initiative will provide residents, businesses, developers and the government with a secure and highly available sovereign cloud infrastructure to store and process their data locally.
“This historic collaboration is the first pilot in a series of initiatives by ThreeFold to help expand the digital landscape of the United Arab Emirates (UAE),” says Adnan Fatayerji, co-founder of ThreeFold.
“Paradise Hills is set to become the region’s center for true decentralization and the future of tomorrow’s Internet, essentially setting the standard for real estate developments and homeownership globally,” CEO Shaher Mousli of Paradise Hills Development said about the partnership.
Over the last decade, “data sovereignty” became a key topic globally, with many countries insisting that any data produced locally should be stored on Internet infrastructures within their borders. By bringing ThreeFold’s decentralized Internet infrastructure to real estate properties such as Paradise Hills, the UAE will be home to the first-of-its-kind, self-sovereign, smart city development in the world.
"Through simple, secure, and scalable technology, ThreeFold empowers millions to invent and explore new experiences," added ThreeFold co-founder Kristof de Spiegeleer. "We want to empower local businesses, creators, and communities to build a more sustainable and inclusive future."
ThreeFold is decentralizing the Internet by tapping into the combined processing power of billions of computers worldwide, including servers, desktops, and laptops, to create an open source, peer-to-peer, carbon negative Internet for the deployment of any current and future technology. By applying blockchain technology to the Cloud, ThreeFold solves the security and autonomy issues of the Internet while also allowing the infrastructure to scale to anywhere electricity and network exist, using less energy and at a more affordable cost than any comparable alternative.
Anyone can add a 3Node server to the ThreeFold Grid and become a ThreeFold farmer. Farmers are rewarded with digital currency every month for adding capacity to the ThreeFold Grid. Today there are more than 3,000 ThreeFold farmers in 70+ nations.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.