![]() Shared Network refers to an open network of distributed cloud computing that allows participants (miners) to offer energy and computation resources at a variable cost to pseudonymous buyers. In Private Computing, providers can list their own individual computation or security capabilities which users can purchase based on the listed market prices set by the provider. Private computing markets are decentralized, global, and pseudonymous with no barriers to entry. Private Computing refers to the free market buying and selling of cloud computing power, surplus bandwidth, security as a service, and other computational services for one-off instances on demand. IoT can allow the execution of smart contracts using oracles and real-world data. They allow interconnectivity on a trustless network with no reliance on any central entity or centralized database of user info that can be subject to manipulation. IoT platforms such as Helium (HNT) 3 allow for application interoperability between IoT networks and blockchains. IoT includes protocols that contribute to the development of the Internet of Things and Web3 that combine blockchain with real world, off-chain connections. The largest asset in the Computing sector, Chainlink (LINK) 2, is widely used by many DeFi applications as a source of off-chain market data. Oracles can enable real time off-chain data to be used in decentralized applications. Blockchain oracles typically operate with a native token to cover transaction costs and governance rights. Oracle refers to any project with the primary ability to gather, organize and transmit either on-chain to on-chain data or off-chain to on-chain data in real time. Shared storage platforms increase security of data storage by running on a blockchain network that allows for privacy and pseudonymity of data transmitters. Malicious actors have the potential to access sensitive information of millions of users, through a singular data breach due to the inherent centralization. The centralization of cloud data storage offers high risks that expose the cloud network to potential hacks. This allows for pseudonymous, private file sharing on a decentralized network. Shared storage protocols such as Filecoin (FIL) 1 decentralizes the storage responsibilities across an open-source network of miners with a system of economic incentives. Shared Storage refers to the decentralization of storage servers that are traditionally owned and operated by a central organization. The CoinDesk DACS Glossary definitions for each of the above industries is as follows: The industries in the Computing sector include Shared Storage, Oracle, IoT, Private Computing and Shared Network. Each project serves a different function in decentralized computing and has varying tokenomics and incentive structures. The industry groups in the Computing sector depend on the services the protocol offers. Industry groups inside the Computing sector This includes on-chain and off-chain data transmission, social data platforms, peer-to-peer secure data transactions, open networks, free market private computation, and decentralized file storage and file sharing. All projects that aim to gather, transmit, store and share data and web services in a decentralized manner play a key role in building the infrastructure of Web3. The Computing sector consists of projects that aim to decentralize the sharing, storing, and transmission of data by removing intermediaries and ensuring privacy for all users. The DACS Glossary defines the Computing sector as follows: In addition, these systems return ownership of data and information to the network participants in a way that users can earn revenue by contributing to their operation. The decentralization of Web2 services like cloud computing, storage, networking and databases has the ability to increase security and privacy measures by removing the centralized points of failure that exist in Web2 providers. The CoinDesk DACS Computing sector contains protocols that aim to build and support the infrastructure of Web3 and distributed computing.
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