The recent growth of Blockchain based offerings has grown with many companies with white papers, some in active development, and other companies with a working product.
iExec (RLC) is one of those companies with a working blockchain offering and a live dApp store.
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.
iExec can support applications within a wide range of fields, from High Performance Computing to Internet-of-Things.
By being an open market, iExec encourages competition amongst the providers, which leads to lower computation costs and to increased quality-of-service.
Several industries will reap the rewards from this decentralized blockchain-based cloud computing platform. The Internet of Things, which aims to connect billions of consumer devices to the internet, will eventually show a growing demand for distributed computing. Through the iExec decentralized platform, access to distributed computing will only be a few clicks away. Moreover, participants can choose to rent resources nearest to their location for an optimal user experience. In fact, IoT devices will be able to trade resources between one another in real-time.