About
GridMarkets is creating a patent-pending market for institutions to sell their excess CPU capacity to other institutions that need large amounts of computational power for high-throughput computing problems like graphics rendering, engineering simulations, genome sequencing, financial modelling, etc. The sellers of the capacity, such as Cloud and hosting providers (who are already their clients), are therefore able to monetise otherwise unused and rapidly depreciating assets, and (since it is excess) the buyers are able to obtain it through a secondary market at a fraction of primary market prices. No such market currently exists, but compute power is becoming a tradeable commodity through Cloud computing, and GridMarkets has first-mover advantage.