Overview: iExec (RLC) the Blockchain-Based Decentralized Cloud Computing. Should you invest?
iExec is the Blockchain-Based Decentralized Cloud Computing platform that is running on Ethereum
It is aiming to provide distributed applications running on the blockchain (DApps) a scalable, secure and easy access to the services, data-sets, and computing resources they need.
The ultimate aim of RLC is to develop a decentralised economy of different applications.
Team is based in France and they held an ICO where they raised 12M in April 2017.
iExec can support applications within a wide range of fields, from high performance computing to Internet-of-Things.
The use cases will vary and include:
– high performance computing (used to design innovative products)
– artificial intelligence and machine learning
– generation of huge amounts of data
– variety of scientific simulations
– used by financial sector for things like predictions and risk evaluations
– 3D rendering
– different cryptography tasks
All of that via cloud computing.
RLC stands for “Run on Lots of Computers”. RLC is a cryptocurrency that provides standard and secure payments.
iExec opened their online marketplace service which will allow anyone to offer their computing resources and interact directly with buyers.
On the provider side: servers and data centers can make their unused computing resources available in return for a fee in ‘RLC’.
Alternatively, on the buyer side: applications and developers pay in the cryptocurrency RLC to access these resources.
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