With the ever-growing advancements in computer algorithms, machine learning tools, and with the availability and accessibility of such tools, demand for computing power is steadily increasing, and distributed computing and cloud computing systems are becoming more and more widespread, to the point of almost being a necessity.

The largest suppliers of on-demand computing power are currently Amazon (AWS), Microsoft (Azure) and Google (Google Cloud). What’s common among these providers is that they’re all based on large centralized networks of nodes on server farms, and they provide users with computing power and other services using parts of those networks.

The fact that all the nodes belong to one party and are hosted in a single or a handful of dedicated locations gives them great reliability and ability to offer good pricing. However, since there are few providers and millions of users, only the few big players can make revenue. Also, the net amount of computing power available is dictated by the sole provider, regardless of demand. Rendt offers an alternative solution to this vast need of distributed and cloud computing power, where anyone with a sufficiently powerful computer can offer their machine and get paid in return, and users with a need can choose among numerous different machines to run their code on.