HPE, Global Blockchain to create P2P cloud marketplace

It has been revealed that Hewlett Packard Enterprise (HPE) is working with Canadian blockchain startup Global Blockchain Technologies to develop a new proof-of-concept (PoC) peer-to-peer (P2P) marketplace for enterprise cloud services.

The platform will look to match firms that have excess cloud resources with those who are looking to expand their technology-based capabilities built on the Global Blockchain’s Laser Network.

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“Emerging technology may soon enable users to experiment in the sharing economy,” said Bill Philbin, Senior Vice President and Chief Technology Officer of Hybrid IT, HPE.

“The goal of the PoC network is to demonstrate how a user can monetize under-utilized storage assets by supplying them to the network, and how they can migrate existing data to the network with minimal disruption.”

The blockchain Laser Network has been selected as the home of the cloud marketplace due to the security benefits that blockchain technology offers, ensuring the efficiency and reliability of decentralized transactions between enterprises.

“This PoC will do for enterprise cloud services what AirBnB did for accommodations,” said Shidan Gouran, President and CEO of Global Blockchain.

“With computing resources becoming increasingly in-demand in enterprise organizations, the ability to buy and sell excess capacity will revolutionise enterprise IT.”

The marketplace has a forecast release date of Q3 2018.