The decentralized network in the cloud iExec announced the launch of its first product, the Software Development Kit (SDK), during Devcon3 in Cancun, Mexico. The service will allow blockchain applications to have access to an affordable, scalable, transparent and secure off-chain computing cloud. Other announcements were made during the keynote address of CEO Gilles Fedak, including the first App Store for decentralized applications, some recently made partnerships and a new research program.
iExec has focused on the construction of the first decentralized platform of Cloud Computing based on blockchain for some time and this week's announcement of its first SDK product at the Devcon3 Conference follows months of stellar work by the development team of iExec The announcement is seen by the company as its first major goal in its roadmap to eventually create a future decentralized economy, by providing a single platform for unlimited computing power for blockchain applications.
iExec is also creating the first decentralized market for resources in the cloud (servers, storage, applications and datasets). In April 2017, the company published its official white paper, which details its plan to bring its vision to the market. The team is perfectly on track and has been complying with the deadlines. IExec is often referred to as Airbnb for servers, as its platform automates peer-to-peer interactions between users and providers in a secure, transparent and reliable blockchain experience.
On November 3, Gilles Fedak, PhD, CEO and co-founder of iExec, made several important announcements during his opening speech at the Ethereum Developer Conference (Devcon3):
Thanks to this first version, developers can now overcome the limitations of the blockchain in terms of storage capacity and computation. By having the iExec SDK (Software Development Kit), developers can implement and execute complex applications from the blockchain. This innovation, called "out-of-chain execution", allows them to expand the use of the Ethereum application and address an important problem of scalability, which is the high cost of processing "chain execution". In addition, developers can now Earn RLC tokens by renting your applications in the blockchain. iExec has announced that developers will also be able to promote their businesses in the first App Store for decentralized applications. The specific sectors are applications focused on AI, Big Data, IoT, fintech and green IT. All major digital trends could be enhanced by the platform. Being very product-oriented, iExec has already started working with companies to see concrete implementations of its platform. The first proof of concept will be in finance. iExec wants to stay at a cutting-edge level: PhDs work on the cutting-edge design of a contribution test protocol (PoCo) and on the safe and reliable execution of off-chain computing.
During his speech, Gilles described the company's recent progress, stating:
"This first version of iExec shows that we can overcome several limitations of blockchain technology. We are proud to launch this product only six months after the start of the project. It opens new perspectives for decentralized businesses and new opportunities for developers and startups. "
ABOUT BLOCKCHAIN AND ETHEREUM
Blockchain is the technology that drives Bitcoin. It is the best way to guarantee traceability and transparency during digital transactions without the need of a third party. A blockchain is a chain of blocks that registers and stamps the time of each transaction. Ethereum is the second generation of blockchains, which can be programmed thanks to intelligent contracts.
ABOUT IEXEC
The massive transformational goal of iExec is to provide the computing solution to each digital entrepreneur by developing remarkable ideas about the blockchain. In fact, iExec aims to create the platform that provides unlimited computing power to blockchain applications that want to create the future of the decentralized economy.
The technology behind iExec takes more than 15 years of work from its founders. Haiwu He and Gilles Fedak, who have published more than 80 scientific articles in the pioneering field of Desktop Grid and Cloud Computing. iExec launched RLC tokens in April 2017, during an Initial Coin Offer (ICO), raising the equivalent of 12 M $ in less than 3 hours.