1. Project Title

ForgingClouds - Revolutionizing Cloud Infrastructure Subscription

2. Team and Roles

• Gabriel Iosif - CEO and Lead Developer ([email protected])

3. Problem Statement

Many businesses face the challenge of unused cloud infrastructure credits on their subscriptions. These pre-paid resources often go to waste, resulting in financial inefficiency. Currently, there's no easy way to recoup these costs by selling or transferring unused credits to other users who might need them. This leads to:

• Wasted resources and financial losses for businesses with underutilized cloud credits
• Missed opportunities for smaller businesses or startups to access cloud resources at discounted rates
• Inefficient allocation of cloud resources across the market

4. Solution / Value Proposition

ForgingClouds offers a unique solution to the problem of unused cloud infrastructure credits:

• NFT-linked accounts: Each user's cloud resources are tokenized as NFTs, providing secure and verifiable ownership.
• Flexible resource allocation: The NFT-based system allows for easy transfer and reallocation of cloud resources.
• Cost optimization: By enabling the sale of unused resources, users can recoup costs and maximize their cloud investments.

This innovative approach creates a win-win situation for both sellers (who can monetize unused resources) and buyers (who can access cloud infrastructure at discounted rates), while promoting more efficient use of cloud resources across the market.

5. Customer Segments

• Small to medium-sized enterprises (SMEs)