The focus of this paper and accompanying presentation is on the Grid, which is rapidly emerging computing model that provides the ability to perform higher throughput computing by taking advantage of many networked computers to model a virtual computer architecture that is able to distribute process across a parallel interface. This paper also discuss about how the resource allocations in a grid is done in accordance with SLA (service level agreements) and Global Tool kit Protocols. The main goal of grid is to provide a service oriented infrastructure and services to access and coordinate the sharing of geographically distributed hardware, software and information resources. Grid technology and solutions are being rapidly developed by industry and academia and form the basis of new global cyber infrastructure. Finally, this paper focuses on how grid offers a way to solve grand challenge problems like earthquake simulation, finding
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