$RLC
iExec has developed the first decentralized marketplace for cloud computing resources. Blockchain is used to organize a market network where everyone can monetize their computing power, applications, and datasets. By providing on-demand access to cloud computing resources, iExec supports the most compute-intensive applications in fields such as AI, big data, healthcare, rendering or fin-tech.
The iExec network is made up of computing resource providers. Computing power providers are called ‘iExec Workers’. As a worker, you can connect your machine and be rewarded in RLC tokens for your contributing resources to the network. Application providers can monetize their applications and algorithms. Data providers who own valuable datasets can make them available for use by applications through iExec. The iExec consensus protocol ‘PoCo’ (Proof of Contribution) provides consensus over off-chain computing and can also be used to integrate decentralized oracles with iExec.
Trusted off-chain compute is the strength of iExec, who are the head of the ‘Trusted Compute Working’ group within the Ethereum Enterprise Alliance. Partnered with Intel and released, along with various other collaborative work, the first complete trusted compute solution for blockchain (TEE using Intel SGX). Other iExec collaborators include Alibaba Cloud, IBM, Genesis Cloud, EDF electrical utility company, EEA, Ubisoft and has been awarded by the public investment bank ‘BPI France. iExec were the main contributors to the Trusted Compute Framework (Hyperledger Avalon) alongside Microsoft, Intel, ConsenSys, Envision, PegaSys and Kaleido.
iExec is working with numerous other organizations and consortiums to providing scalable, secure and easy access to the services, datasets and computing resources they need.