In 1989, the Internet changed the world as we know it with the introduction of the World Wide Web. With time the Internet empowered people to share information in a decentralized way. Shortly after, big companies like Facebook, Google, and Apple emerged, providing many solutions that revolutionized the way we live. The “sharing economy” has grown exponentially over the last 5-10 years. This is thanks to a more simplified information flow and well-developed technology, which:
- Enables a much easier integration of independent players into the sharing economy.
- Eliminates the need for extensive management and structure of marketplace operators.
We are entering a flat-structure economy. An economy where fewer managerial levels are needed for the system to function. New technologies such as blockchain and the Internet of Things facilitate this ongoing trend. Participants can now interact on a peer-to-peer basis, forming marketplaces and organizations according to pre-agreed, programmed contracts.
🔗The current Internet is centralized
Despite the growth in popularity for decentralized systems, organizations, and currencies, the Internet remains centralized. The centralization within the Internet industry brought many barriers to entry. Indeed, to compete in the highly competitive market of Internet capacity dominated by big IT companies, massive investment, and IT development are needed.
But what is really scary is that the current industry exploits the market tremendously. Data is officially the most valuable asset on earth for a few years, and about 20 companies rule over more than 80% of the cloud industry. In other words - these companies together have more than 80% of the world’s information. In recent years, we noticed the dangers that can arise with the wrong intentions within the data industry with the ‘Cambridge Analytica Scandal’, also highlighted in the movie ‘The Great Hack’.
ThreeFold has been developing technology that allows the decentralization of the Internet infrastructure - removing the need for data centers, and allowing anyone to take part in the Internet capacity market. Adding capacity to the ThreeFold Grid (TF Grid) makes you a ThreeFold Farmer (TF Farmer). The more decentralized the Internet gets, the more secure and effective it will become. The already is the largest grid of compute and storage in the world.
🔗How To Participate
The process of becoming a ThreeFold Farmer is very straightforward. Anyone can join the ThreeFold Grid by downloading the ThreeFold Zero-OS onto their nodes and connecting them to the ThreeFold Grid.
By doing this you will become an operator of a “micro data center” and with that earn ThreeFold Tokens. With or without experience in the field, anyone can become a ThreeFold Farmer. By becoming a ThreeFold Farmer, you empower a new neutral Internet that belongs to humanity - not corporations.
You can build your server (3node) and configure it, but also options for people with less technical knowledge are available. Please see pre-register.threefold.io to see how easy it is for anyone to become a ThreeFold Farmer.
Blog written in 2019, updated January 2021.