The HiveNet GmbH, a Germany-based blockchain and cloud computing startup has officially released their alpha software to the public.

HiveNet aims to create a global distributed cloud computing network. In this network, computer owners will be able to rent out their idle computing resources for an income. This way, they plan to close the gap between the multi-billion-dollar cloud computing industry and the plenty of underused computers worldwide.

Customers of HiveNet will be common customers of computing services who are willing to pay for the temporary use of these resources to perform their various applications. Typical use cases include for example machine learning or big data analysis.

The HiveNet GmbH plans to achieve their vision through the integration of cloud computing and cloud security knowledge, the blockchain technology and artificial intelligence. So far, they had already created several increasingly sophisticated prototypes throughout 2019.

The release of their alpha software marks an important milestone for the Munich located company as they for the first time provide the public with the possibility to extensively test their software at real use conditions.

The use of the blockchain technology solves a challenge for HiveNet, which is omnipresent in global finance. The payments between the customers and computer owners in HiveNet are performed in countless micro-transactions. In traditional finance, these small, cross-border transactions would often be more expensive due to banking, transfer and exchange fees, than the transferred payment amount itself. By applying the blockchain technology with their inherent cryptocurrency, HiveNet employs a proper alternative to perform these transactions in a fast, secure and cheap manner.

If you want to learn more about HiveNet or want to check out their alpha software, feel free to visit www.HiveNet.cloud