The Distributed Datacenter

ScPrime is an enterprise-grade object storage cloud architecture based on sharing-economy at global scale to service large, unstructured data. Backup and disaster recovery for mid-market or small/medium enterprise is the first “go to market” with potential follow-ups to include surveillance footage, IoT, medical scanner images and more. Public cloud adoption is growing exponentially with the trend away from centralized architectures. This is the Distributed Datacenter.

An Army of Contractors

Independent contractors across the globe run storage nodes (Providers) that coalesce into a global mesh network with cost/performance benefits over traditional clouds. Large datacenters are expensive and environmentally unfriendly with extreme power and water requirements and staffed by specialized IT personnel on call 24/7. The Distributed Datacenter has a minimal footprint, yet delivers industrial grade security, performance and durability. Nodes operate from almost anywhere and require little additional power or cooling while providing passive income to nearly anyone who sets up a node.

Managing and accounting for a large, global contracting force is a big challenge. The Distributed Datacenter seamlessly eliminates borders and payment friction with blockchain technologies, including smart contracts, digital currency and a public ledger. Customers see little difference from their current cloud providers, paying normally with access to an S3-compatible ecosystem of applications like Commvault, Veeam and Rubrik. Behind the scenes, everything changes.

A Beautiful Mindset – Smart Contracts

Our software brings together thousands of Providers into a single data storage facility that is both everywhere and nowhere. Contracts are formed automatically with Providers best suited for individual customers based on proximity, capacity and performance. Public key cryptography identifies and validates individual nodes, then pays them for successfully storing data without interruption or alteration. An auditing function runs continuously to prevent cheating or other forms of attack.

Secure, Redundant

Individual Providers hold tiny percentages of any given data upload. The Distributed Datacenter uses Erasure Coding, an algebraic function uniquely suited to large distributed groups and yielding higher redundancy with less data uploaded than traditional clouds. Normal cloud providers typically replicate data to two or three different locations to provide redundancy and durability (ensuring data is always accessible). Erasure Codes chop data into tiny slivers, distributing to multiple nodes with additional redundant slices (called parity pieces). The result is large amounts of data can be offline or compromised while remaining accessible, complete and secure. It can be spread over broad geographic areas to protect from natural and man-made challenges with lower latency due to closer physical proximity to the customer. See the Whitepaper for more details

Efficient, frictionless

A market mechanism matches desirable provider characteristics with customer needs. Providers earn base payments for storing data but also earn additional Incentives payouts by providing higher performance, auditability, capacity, geographic availability and more. For example, medical backups may require compliance with HIPAA, a privacy regime. Providers willing to pass equipment and personal audits may earn higher payouts than average nodes.

Proof of Work

Smart contracting requires a permanent public ledger with posted contract formation, revision and payment transactions. Traditionally this is handled by professionals; lawyers, accountants and bankers. With a blockchain, independent agents receive financial incentive (digital currency) to validate and publish the information. They invest significant money on specialized computers and electricity to compete for the prize of creating a “block” or group of transactions. They are rewarded with digital money tradeable on public exchanges (Ticker symbol $SCP). The process is permissionless (anyone can play) and anti-fragile (prohibitively expensive to compromise) and creates a self-contained economy to pay storage contractors.

SCP currently trades on Probit, Whitebit and SouthXchange.

MV=PQ, Declining Inflation and Velocity Sinks

Velocity Sinks

Corporations are not likely to want an extra layer of security concern in purchasing data storage. Buying and storing crypto-assets adds a layer of risk and complexity to fundamental business areas where it is not welcome. In the Distributed Datacenter, companies pay normally using credit cards and purchase orders. SCP, Corp contracts with the network, purchasing required SCP coins for contracts on the open market. This initially centralizes part of the product chain, but it is a part that can be transitioned easily when attitudes and directions shift toward blockchain.

As proof-of-work miners create the initial value in the SCP utility coin, value is enhanced through a natural supply scarcity. When contracts are formed, both parties are required to lockup an equal amount of coins for the contract value. This process collateralizes and holds the funds necessary to pay the Provider at the end. It also discourages attempts to cheat on the Provider side for loss of collateral. Providers typically make hundreds of contracts and will have significant coins locked as collateral at any given time. As the network grows, the collateral pool will also grow creating a natural supply or velocity sink (coins not in circulation).

The blockchain adds to long term scarcity with a linear decline in the mining reward, reaching a floor about five years after its starting or genesis block. This keeps the long term money supply in check with predictable inflation. While the total number of SCP coins is not finite, the practical ceiling is approximately 55m coins in 2023. Storage providers accommodate volatility as contractor storage costs float with the price as measured in dollars to remain competitive in the marketplace. This mechanism allows SCP, Corp to remain assured of datacenter cost as a component of backup pricing offered to customers.

Little-Box Store

Setting up a provider instance and earning passive income needs to be simple and available to nearly anyone with reasonable Internet access. To accommodate, we’re designing and selling an open-source storage appliance designed for simplicity and ease of use. Plug it in, turn it on and watch the income accumulate. Units are subsidized with incentives to lower the time an appliance creates a meaningful return on investment (ROI). Units are currently in development and are expected to launch in Q1 2021.

An Investment in the Network

A separate token in the ecosystem represents equity directly in the datacenter through a fee mechanism that taxes every storage transaction. These ScPrimefunds (SPF) have a finite number of 200m which share 10% of all storage network transaction costs. The fees are automatically deducted from all storage contracts and sent to digital wallets of SPF holders. These tokens have never been offered to the public or sold by the corporation. The fees do not impact storage pricing for customers with most being targeted back into the Provider incentive pool to grow the network. A public sale of these tokens is contemplated for 2021.

Certain information in this post contains “forward-looking information” under applicable securities laws. Forward-looking statements are provided to allow potential investors the opportunity to understand management’s beliefs and opinions. These statements are not guarantees of future performance and involve known and unknown risks, which may cause actual performance in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.