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The currently unfolding revolution in artificial intelligence (AI) has created a lot of enthusiasm, both among consumers and businesses. However, supporting all this enthusiasm and pushing the boundaries of what AI can do comes at a significant cost, as AI algorithms often require tremendous computing resources and processing capacity. Centralized servers and even traditional cloud service providers struggle to meet the ever-growing demands of AI computations. Fortunately, blockchain platforms that enable crypto-based trade in decentralized computing resources provide a great alternative to Web 2.0–based solutions.
In the niche of decentralized computing services, few projects can rival the fame and efficiency of Akash (AKT), one of the pioneers of blockchain-based trade in cloud computing resources. Launched in 2018, Akash is a leading decentralized cloud computing platform, offering flexible and affordable access to GPU, CPU, memory and storage resources sourced from a network of providers worldwide. In essence, the Akash network operates as a decentralized cloud computing marketplace.
In 2023, Akash took its cloud services to a completely new level with the launch of the Akash Supercloud — a "cloud of clouds" that enables the distributed trade of GPU computing power with a focus on AI use cases.
Key Takeaways:
Akash (AKT) is a blockchain platform that facilitates the decentralized trade of computing resources, such as CPU, GPU, memory and storage capacity.
Begun in 2018, the platform added AI-focused GPU capacity trade functionality with the launch of its Supercloud in August 2023.
The platform's native crypto asset, AKT, is used for governance, staking, purchasing access to computing resources and incentive payments to resource providers.