VF2018 Pitch: Flux Network
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Flux Network is a decentralized network that provides on-demand processing power by utilizing idle computing resources from smartphones, tablets and computers around the world. It aims to be cheaper than current cloud computing services while offering unlimited languages and global availability. Flux is finalizing partnerships with telecom companies in developing countries to access over 20 million mobile devices by Q1 2019 and expand its network to provide internet access to more underserved areas at lower costs than traditional options.
VF2018 Pitch: Flux Network
- 1. Vincent Liu, CEO [email protected] ON DEMAND, DECENTRALIZED PROCESSING POWER Tony Yu, COO [email protected]
- 2. WHAT IS FLUX NETWORK?
- 4. WHO NEEDS PROCESSING POWER?
- 5. 2018 THE INDUSTRY WILL REACH $305.8 BILLION 16.6% YEAR OVER YEAR GROWTH THE GROWING CLOUD SERVICES MARKET ESTIMATED TO REACH $411.4 BILLION by 2020
- 6. Vendor Lock-in High Infrastructure Costs Limited Languages Limited Available Regions Amazon Lambda Microsoft Azure Google Cloud Functions Up to 50% cheaper Minimal Infrastructure Cost Unlimited Languages High Available Regions FLUX VS CURRENT SERVICES
- 7. Over 80% of the world’s phones tablets and computers sit idle 90% of the time. There are 2.76 billion Flux compatible smartphones and tablets sold every year. A GROWING OPPORTUNITY
- 8. Finalizing Telecom Partnerships in Developing Countries = Q1 2019 Access to 20+ Million Mobile devices GROWING THE NETWORK
- 9. Least internet connected Flux Network can increase household incomes. = More customers for telecoms WHY DEVELOPING COUNTRIES? = More internet connected people = More more Flux users
- 10. FLUX NETWORK GLOBAL TELECOM PARTNERSHIPS Central America Southeast Asia Africa
- 11. Closed Beta Software companies that are running on the Flux Network are being powered by devices in: Canada, Netherlands, Spain, Guatemala CURRENTLY FLUX NETWORK
- 12. 58% of the world currently lacks internet access. The main issue is Monetary Cost. The Positive Byproduct