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AUSTIN, Texas, March 12, 2017 /PRNewswire/ -- Internet solutions developer Onething Technologies demonstrated its innovational breakthrough of combining shared economy and cloud computing to effectively solve the future computing needs at South By Southwest (SXSW), the annual worldwide conglomerate of the most innovative people from music, film, and technology, on March. 11 in Austin, Texas.

Chen Lei, CEO of Onething Technologies and co-CEO of Xunlei, at his keynote speech "Reinventing Cloud Computing based on Shared Economy", said Onething Technologies builds a unique cloud computing platform based on shared economy to redefine the industry and create numerous economic and social value together with individual users.

Chen noted that corporations nowadays require more computational power as the rapidly changing development in areas such as gene sequencing and artificial intelligence results in exponential growth and demand for data computation, storage and transmission. With Moores Law diminishes in its effect, the demand of driving down cost of computation goes higher.

Unlike traditional cloud computing that requires centralized data centers, the company's platform, which consists of Xunlei Minecrafter and Nebula CDN, distributes internet users' redundant computational power and bandwidth to internet enterprises that have a huge demand for these aspects.

By utilizing spare resources under this context, Onething Technologies' solution enables tens of thousands of individual internet users to be contributors of computational power and bandwidth by sharing their personal smart devices.

The solution also saves companies' money by providing more advanced CDN technologies at a much lower cost. Efficient utilization of idle resources has significant social benefits as it saved around 32 million kilowatts per hour of electricity by December, 2016 and reduces carbon dioxide emission by about 26,800 ton compared to traditional cloud computing that use data centers.

The integration of shared economy is seen as a major boost in global cloud computing development. This innovational model has driven wide attention at the conference and was reported by Kvue News that it will bring more possibilities to the world.

"Our services have been used in livestream, VR, and TV, and our customers include top-rated internet companies," said Chen, "As our technology develops, we expect to expand our services into more areas such as artificial intelligence, massive data storage and big data analysis."

About Onething Technologies

Founded in 2013, Shenzhen Onething Technologies Co., Ltd is committed to providing technical resources for global internet development. The company combines Nebula CDN and Xunlei MineCrafter through innovative technology, building the first domestic millions of magnitude node of "infinite node type content delivery network". Onething not only redefines the CDN industry and Internet content transmission, but also heralds shared economic cloud computing era.

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