iExec RLC RLC

$0.1791
Market Cap $ 14.339 MM (#165)
24h Volume $ 142.710 K
Chg. 24h: -3.54%
Algo. score 3.8/5  (#81)
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iExec RLC project purpose and description

iExec RLC clarity of purpose

iExec RLC purpose and aspects

Cloud computing, providing DApps a secure, scalable and easy access to the computing resources they need.

iExec RLC additional differentiation against competition

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iExec RLC categories

ComputingMarketplaceCloud hostingData storage

Short description

iExec is a new decentralized cloud computing platform that is blockchain-based. It aims to tackle the current limitations of centralized cloud computing that are holding business and innovation back. A decentralized cloud connects users to one another, whether server providers, application providers, data providers or end users. All manner of business can be executed on the iExec cloud. At the same time the system is fast, efficient and secure.

Abstract

iEx.ec aims at providing distributed applications running on the blockchain a scalable, secure and easy access to the services, the data-sets and the computing resources they need. This technology relies on the Ethereum smart contracts and allows building a virtual Cloud infrastructure that provides high-performance computing services on demand. iEx.ec leverages a set of research technologies that have been developed at the INRIA and CNRS research institutes in the field of Desktop Grid computing. The idea of Desktop Grid (aka Volunteer Computing) is to collect the computer resources underutilized on the Internet to execute very large parallel applications at the fraction of the cost of a traditional supercomputer. iEx.ec relies on XtremWeb-HEP, a mature, solid, and open-source Desktop Grid software which implements all the needed features: fault-tolerance, multi-applications, multi-users, hybrid public/private infrastructure, deployment of virtual images, data management, security and accountability, and many more. iEx.ec is developing a new Proof-of-Contribution protocol, that will allow off-chain consensus. Thanks to the Proof-of-Contribution, external resource providers will have their resources’ usage certified directly in the blockchain. iEx.ec aims to deploy a scalable, high-performance, secure and manageable infrastructure sidechain that will promote a new form of distributed governance, implying key HPC, Big Data and Cloud industry leaders. We believe in a future of decentralised infrastructure and market network, where Big Data and HPC applications, highly valued data-sets, and computing resources (storage, CPU, GPU ...) will be monetized on the blockchain with the highest level of transparency, resiliency and security - and iEx.ec as the key platform powering this future!

Link to Roadmap: https://iex.ec/roadmap/
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