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THE WORLD’S FIRST WEBSITE HOSTING SERVICE BUILT ON THE BLOCKCHAIN

POWERED BY THE HOSTCOIN

HostCoin Hosting is much more than just “website hosting”

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Application Utilization

Storing/Stored” = (Hosting/Hosted

  • Applications as simple as your car remote, or a key fob that is used to unlock your car door.
  • The data stored in the fob and vehicle are “Hosted”, by using blockchain technology eliminates the possibility of being hacked.· Just imagine all the top secret and valuable information locked behind doors that open by use of a key fob

Reference:https://www.techlicious.com/blog/hackers-keyless-entry-car-radio-tools/

“It’s important to note that the cars the researchers tested were all European models, which operate on different radio frequencies than those from the U.S. However, they said the same technique could potentially be used here. One hacker was able to access any car or garage with keyless entry using a $32 device he built himself.

Reference:https://www.techlicious.com/blog/hackers-keyless-entry-car-radio-tools/


This is a small list of real-life use cases where Blockchain Technology can be used.

  • Picture a spreadsheet that is duplicated thousands of times across a network of computers. Then imagine that this network is designed to regularly update this spreadsheet and you have a basic understanding of the Blockchain
  • The blockchain gives internet users the ability to create value and authenticates digital information.
Has no single point of failure.
  • The blockchain potentially cuts out the middleman for these types of transactions. Personal computing became accessible to the general public with the invention of the Graphical User Interface (GUI), which took the form of a “desktop”. Similarly, the most common GUI devised for the blockchain is the so-called “wallet” applications, which people use to buy things with Bitcoin, and store it along with other cryptocurrencies.
Example
  • Imagine you and I bet $50 on tomorrow’s weather in San Francisco. I bet it will be sunny, you that it will rain. Today we have three options to manage this transaction. Blockchain allows us to write a few lines of code, a program running on the blockchain, to which both of us send $50. This program will keep the $100 safe and check tomorrow’s weather automatically on several data sources. Sunny or rainy it will transfer automatically the whole amount to the winner. Each party can check the contract logic, and once it’s running on the blockchain it can’t be changed or stopped. This effort can be quite too high for a $50 bet, but imagine when selling a house or a company.
Internet of Things (IoT)
  • What is the IoT? The network-controlled management of certain types of electronic devices — for instance, the monitoring of air temperature in a storage facility. Smart contracts make the automation of remote systems management possible. A combination of software, sensors, and the network facilitates an exchange of data between objects and mechanisms. The result increases system efficiency and improves cost monitoring.
Automated Daily Cloud-to-Blockchain Backup
  • Automated Daily Cloud-to-Blockchain Backup to an ultra-secure decentralized storage. The most sophisticated blockchain-based data loss protection solution to protect organizations and individuals against data loss due to ransomware or human error in the cloud.
Exclusion of the Human Factor
  • Removing passwords and backing up critical data to a decentralized storage. The solution enhances automation of security systems and processes, ensures the absolute exclusion of the human factor, and deploys extensive machine learning, combined with huge Blockchain potential for cloud data protection
  • “The traditional way of sharing documents with collaboration is to send a Microsoft Word document to another recipient and ask them to make revisions to it. The problem with that scenario is that you need to wait until receiving a return copy before you can see or make other changes because you are locked out of editing it until the other person is done with it. That’s how databases work today. Two owners can’t be messing with the same record at once.That’s how banks maintain money balances and transfers; they briefly lock access (or decrease the balance) while they make a transfer, then update the other side, then re-open access (or update again).With Google Docs (or Google Sheets), both parties have access to the same document at the same time, and the single version of that document is always visible to both of them. It is like a shared ledger, but it is a shared document.
GUI
  • The blockchain potentially cuts out the middleman for these types of transactions. Personal computing became accessible to the general public with the invention of the Graphical User Interface (GUI), which took the form of a “desktop”. Similarly, the most common GUI devised for the blockchain is the so-called “wallet” applications, which people use to buy things with Bitcoin, and store it along with other cryptocurrencies.
Smart contracts

  • Distributed ledgers enable the coding of simple contracts that will execute when specified conditions are met. Ethereum is a good example of an open source blockchain project that was built specifically to realize this possibility. Still, in its early stages, Ethereum has the potential to leverage the usefulness of blockchains on a truly world-changing scale.
Direct Interaction
  • With companies like Uber and Airbnb flourishing, the sharing economy is already a proven success. Currently, however, users who want to hail a ride-sharing service have to rely on an intermediary like Uber. By enabling peer-to-peer payments, the blockchain opens the door to direct interaction between parties — a truly decentralized sharing economy results
How would Law Firms use Blockchain Technology?

A. Nearly half admitted to using free cloud-based file sharing services such as Dropbox to transmit ‘privileged information’The 2014 Law Firm File Sharing Survey highlighted more startling statistics, including 89% of law firms using unencrypted email as the primary means of communication.

B. The survey also revealed that 77% of firms rely on a confidentiality statement to secure communication and nearly half admitted to using free cloud-based file sharing services such as Dropbox to transmit ‘privileged information’.

C. At the same time, the Law Society issued a practice note warning that the use of cloud computing services in law firms could break the Data Protection Act.

D. Hackers penetrate the cloud and steal confidential information every day​ but information backed up on the blockchain would be unhackable

Governance

  • By making the results fully transparent and publicly accessible, distributed database technology could bring full transparency to elections or any other kind of poll taking. Ethereum-based smart contracts help to automate the process.
Organizational decision-making
  • Blockchain enables organizational decision-making to happen on the blockchain. In practice, this means company governance becomes fully transparent and verifiable when managing digital assets, equity or information.
Supply chain auditing
  • Consumers increasingly want to know that the ethical claims companies make about their products are real. Distributed ledgers provide an easy way to certify that the backstories of the things we buy are genuine. Transparency comes with blockchain-based timestamping of a date and location — on ethical diamonds, for instance — that corresponds to a product number.
Ensures
  • Making use of the blockchain, a Provenance pilot project ensures that fish sold in Sushi restaurants in Japan has been sustainably harvested by its suppliers in Indonesia.
File storage
  • Decentralizing file storage on the internet brings clear benefits. Distributing data throughout the network protects files from getting hacked or lost.
IPFS
  • Inter-Planetary File System (IPFS) makes it easy to conceptualize how a distributed web might operate. Similar to the way a BitTorrent moves data around the internet, IPFS gets rid of the need for centralized client-server relationships (i.e., the current web). An internet made up of completely decentralized websites has the potential to speed up file transfer and streaming times. Such an improvement is not only convenient. It’s a necessary upgrade to the web’s currently overloaded content-delivery systems.
Prediction markets
  • The crowdsourcing of predictions on event probability is proven to have a high degree of accuracy. Averaging opinions cancel out the unexamined biases that distort judgment. Prediction markets that payout according to event outcomes are already active. Blockchains are a “wisdom of the crowd” technology that will no doubt find other applications in the years to come.
Share Offerings
  • Blockchain is ideal to share offerings on the outcome of real-world events. Participants can earn money by buying into the correct prediction. The more shares purchased in the correct outcome, the higher the payout will be. With a small commitment of funds (less than a dollar), anyone can ask a question, create a market based on a predicted outcome, and collect half of all transaction fees the market generates.
Protection of intellectual property
  • It is well known, digital information can be infinitely reproduced — and distributed widely thanks to the internet. This has given web users globally a goldmine of free content. However, copyright holders have not been so lucky, losing control over their intellectual property and suffering financially as a consequence. Smart contracts can protect copyright and automate the sale of creative works online, eliminating the risk of file copying and redistribution.
Music Distribution
  • By using blockchain to create a peer-to-peer music distribution system. Blockchain enables musicians to sell songs directly to audiences, as well as license samples to producers and divvy up royalties to songwriters and musicians — all of these functions being automated by smart contracts. The capacity of blockchains to issue payments in fractional cryptocurrency amounts (micropayments) suggests this use case for the blockchain has a strong chance of success.
Automated
  • The biggest players in manufacturing, tech, and telecommunications are all vying for IoT dominance. Think Samsung, IBM, and AT&T. A natural extension of existing infrastructure controlled by incumbents, IoT applications will run the gamut from predictive maintenance of mechanical parts to data analytics, and mass-scale automated systems management.
Neighbourhood Microgrids
  • Blockchain technology enables the buying and selling of the renewable energy generated by neighborhood microgrids. When solar panels make excess energy, HostCoin-based smart contracts could automatically redistribute it. Similar types of smart contract automation will have many other applications as the IoT becomes a reality.
Redistribution
  • Real world possible use case Ethereum smart contracts to automate the monitoring and redistribution of microgrid energy. This so-called “intelligent grid” is an early example of IoT functionality.
Identity management
  • There is a definite need for better identity management on the web. The ability to verify your identity is the lynchpin of financial transactions that happen online. However, remedies for the security risks that come with web commerce are imperfect at best. Distributed ledgers offer enhanced methods for proving who you are, along with the possibility to digitize personal documents. Having a secure identity will also be important for online interactions — for instance, in the sharing economy. A good reputation, after all, is the most important condition for conducting transactions online.
SSL
  • Developing digital identity standards is proving to be a highly complex process. Technical challenges aside, a universal online identity solution requires cooperation between private entities and government. Add to that the need to navigate legal systems in different countries and the problem becomes exponentially difficult. E-Commerce on the internet currently relies on the SSL certificate (the little green lock) for secure transactions on the web by creating an SSL standard for the blockchain.
AML and KYC
  • Anti-money laundering (AML) and know your customer (KYC) practices have a strong potential for being adapted to the blockchain. Currently, financial institutions must perform a labor-intensive multi-step process for each new customer. KYC costs could be reduced through cross-institution client verification and at the same time increase monitoring and analysis effectiveness.
Analysing Transactions
  • Analysing transactions. Those transactions identified as being suspicious are forwarded on to compliance officers. Customers can take a snapshot of key documents (passport, utility bill, etc.). Once verified by the bank, this data is cryptographically stored on the blockchain.
Data management
  • Today, in exchange for their personal data people, can use social media platforms like Facebook for free. In future, users will have the ability to manage and sell the data their online activity generates. Because it can be easily distributed in small fractional amounts, Bitcoin — or something like it — will most likely be the currency that gets used for this type of transaction.
User Privacy
  • User privacy is the key precondition for creating a personal data marketplace. Enigma uses cryptographic techniques to allow individual data sets to be split between nodes and at the same time run bulk computations over the data group as a whole. Fragmenting the data also makes Enigma scalable (unlike those blockchain solutions where data gets replicated on every node)
Land title registration
  • As Publicly-accessible ledgers, blockchains can make all kinds of record-keeping more efficient. Property titles are a case in point. They tend to be susceptible to fraud, as well as costly and labor-intensive to administer. A number of countries are undertaking blockchain-based land registry projects. Honduras was the first government to announce such an initiative in 2015, although the current status of that project is unclear.
Stock Market
  • The potential for added efficiency in share settlement makes a strong use case for blockchains in stock trading. When executed peer-to-peer, trade confirmations become almost instantaneous (as opposed to taking three days for clearance). Potentially, this means intermediaries — such as the clearinghouse, auditors, and custodians — get removed from the process.
Presidental Election
  • Development for proxy voting on the Estonian Stock Market even holding an election.

Crowdfunding

  • Crowdfunding initiatives like Kickstarter and Gofundme are doing the advance work for the emerging peer-to-peer economy. The popularity of these sites suggests people want to have a direct say in product development. Blockchains take this
Medical Coding
  • Interest to the next level, potentially creating crowd-sourced venture capital funds.
  • An immense problem facing health care systems throughout the world is how to share more medical data with more stakeholders for more purposes, all while ensuring data integrity and protecting patient privacy.
  • Traditionally, the interoperability of medical data among institutions has followed three models: push, pull, and view, each of which has its strengths and weaknesses. Blockchain offers a fourth model, which has the potential to enable secure lifetime medical record sharing across providers.
  • Today humans manually attempt to reconcile medical data among clinics, hospitals, labs, pharmacies, and insurance companies. It does not work well because there is no single list of all the places data can be found or the order in which it was entered. We may know every medication ever prescribed, but it can be unclear which medications the patient is actually taking now. Further, although data standards are better than ever, each electronic health record (EHR) stores data using different workflows, so it is not obvious who recorded what, and when.
  • Imagine that every EHR sent updates about medications, problems, and allergy lists to an open-source, community-wide trusted ledger, so additions and subtractions to the medical record were well understood and auditable across organizations. Instead of just displaying data from a single database, the EHR could display data from every database referenced in the ledger. The end result would be perfectly reconciled community-wide information about you, with guaranteed integrity from the point of data generation to the point of use, without manual human intervention.
  • The rationale for considering a blockchain in electronic healthcare records is twofold. First, it avoids adding another organization between the patient and the records. It is not a new clearing house or “safe deposit box” for data. The blockchain implies a decentralized control mechanism in which all have an interest, but no one exclusively owns it. This is an architectural change that generalizes past medical records. Second, it adds a due consideration to a time-stamped, programmable ledger. That opens the door for intelligent control of record access without having to create custom functionality for each EHR vendor. The ledger also inherently includes an audit trail.
  • Blockchain for health care is very early in its lifecycle, but it has the potential to standardize secure data exchange in a less burdensome way than previous approaches

New

  • Using distributed and encrypted cloud infrastructure allows you to host your data in a more private and secure network than the one traditional companies provide.
Simple
  • Building a platform that is intuitive, and can be used as easily as your traditional cloud platform, at a similar price range. Make a seamless transition to a superior technology.

Fast

  • Network algorithms lower latency times and improve performance so that your cloud’s speed is at least as good as the one you have with your traditional provider.

Serverless

  • HostCoin Hosting makes use of a serverless architecture in its decentralized cloud platform, which allows you to have all the benefits of a P2P network and pay exactly for the resources you consume.
Distributed
  • A distributed cache can span multiple servers, outperforming standard solutions. Additionally, by using distributed technology, we can ensure that the service is always on.
Superior
  • Eliminates threats from Hackers. You have the right to true privacy. HostCoin will change online security making a safer technology, that’s as fast, cheap and simple as the one you currently use.

Nodes = Hosting Provider

Storage = Hosting Service

Using a blockchain storage HostCoin would sell storage space and renters purchase this and upload files. Payments take place over the blockchain. Files are encrypted, broken up into fragments, and intelligently distributed across dozens of nodes in dozens of countries.

  • Using a blockchain enables a few things that were previously impossible:
  • Complete decentralization and true redundancy. Amazon S3 accomplishes redundancy by spreading files throughout regional data centers. This makes each data center a large point of failure. On a decentralized blockchain, where data is stored on dozens of individual nodes intelligently disbursed across the globe, it is extremely difficult to cause meaningful disruptions.
  • Total privacy.
  • No third party controls user data or has access to user files. Each node (Host) only stores encrypted fragments of user data.
  • Users control their own keys.
  • Order-of-magnitude cost reductions.
  • Blockchain storage (Hosting) costs around $2 per terabyte per month, compared with Amazon S3’s $25 per terabyte per month. This is possible due to efficiency —each host incurs small costs, which when summed are less than Amazon’s costs (and remember, Amazon also has to make a sizable profit).
  • With these advantages, I believe blockchain storage (Hosting) will ultimately replace existing cloud storage infrastructure by Amazon, Microsoft, Google, and others. We are headed toward a decentralized web.