Enterprise Ethereum Alliance stalwart DFINITY is coming out the bushes with its "infinite blockchain cloud computer", slated for release later in the autumn.
The DFINITY decentralised cloud computer is similar in concept to Ethereum, but combines the deterministic properties of blockchains and digital signatures with random number generating algorithms to propagate a "blockchain nervous system" that can power everything from proof of stake systems to decentralised Uber.
DFINITY Stiftung is the the not-for-profit organisation dedicated to the research and development of "DFINITY" blockchain technologies, which is based in Zug, Switzerland. DFINITY will launch a multi-thousand node demonstration network in Fall 2017 that showcases some of its new technology in action.
DFINITY will unleash the power of supply chain transactions, Internet of Things, financial markets and exchanges, charities, and intellectual property management, to name a few, on an unbounded, open and secure platform, said a statement.
One aim of the new network is to slash enterprise IT costs by reducing the human capital involved in supporting the development, maintenance and administration of traditional enterprise IT systems, it said. These enterprise systems, being collated on the same super massive virtual computer, will also be able to interoperate and incorporate the functionality provided by other services with ease. DFINITY will also enable the development of a new kind of "open source business" involving autonomous software that is updated via inbuilt governance systems and fulfill roles today performed by the likes of eBay or Uber.
DFINITY president and chief scientist Dominic Williams said: "The quality of our rapidly expanding team is unparalleled within the industry and composed of real superstars. We are building a NASA for decentralization with research centers in Silicon Valley and Switzerland that will rapidly advance the new Internet 3.0 paradigm."
He said the DFINITY network incorporates an algorithmic governance system that allows it to be fully adaptive with respect to economics, upgrades and other requirements, and manage the open environment it creates to ensure it is hospitable for corporate and mainstream applications.
The team behind the project, which dates back to 2014, includes notable cryptography scientists and engineers such as Timo Hanke (AsicBoost) and Ben Lynn (the "L" from the "BLS" cryptography applied by "Threshold Relay").