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Creating a Distributed Hosting Network for Distributed Applications
Holo Limited is a cloud hosting company that is fully owned by Holochain Foundation. Holo Ltd. is responsible for the building of the components of the Holochain network, HoloPorts, HoloFuel, and the Holo hosting apps necessary for creating a distributed hosting network for distributed applications. Holo is responsible for adhering to all regulatory requirements related to the business of Holo and operations of the HoloFuel cryptocurrency reserves, while Holochain remains a distinct Open Source project with related intellectual property residing in the Foundation.
In conceptualizing Holochain, the founders were committed to creating a sustainable economic model for the open-source project. Many open-source software projects accept contributions, in the form of money and code, from corporate users of the software. Holochain approached this differently. Rather than asking for support from a business, the Holochain Foundation decided to create its own business, Holo Inc., and have that business provide primary sustenance for the foundation.
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In the coming years, Holo is committing upwards of $2M to build and foster an ecosystem of developers.