RLC-iExec RLCDetailed Description

RLC-iExec RLC Detailed Description

iExec is the first virtual cloud resource market. iExec provides distributed applications running on blockchain (DApps), scalable, secure and easy to access the services, datasets and computing resources required. RLC is a token issued by the iExec cloud platform that can be used to rent servers, data and applications.

1.Project Introduction

iExec Cloud Computing Bao is the world's first distributed cloud computing platform to provide an innovative business model of secure "data leasing". iExec Cloud Computing Ball organizes market networks by combining distributed computing, blockchain consensus and TEE (trusted execution environment), not only allows data providers to monetize their data in the safest environment, but also brings more business extension possibilities to enterprises, provides new innovative business models, and provides impetus for disrupting the existing data ecosystem.

Project Features

iExec Cloud Computing Bao is a blockchain + cloud computing project from France. The founders are from the French National Institute of Computer Science (INRIA). It began to rise in 2017 and was selected as one of the top 100 start-ups in Europe by Red Herring Magazine in May 2018. iExec realizes distributed cloud computing through blockchain technology to provide a distributed cloud resource trading market based on blockchain. It uses blockchain to organize a network of markets where everyone can make money by renting out their computing resources, applications, and data sets.

iExec provides a trading platform for cloud computing resources, and supports a wide range of applications with the highest computing intensiveness in fields such as artificial intelligence, big data, financial technology or 3D rendering. At present, iExec has cooperated with large Internet companies such as Intel, IBM, Alibaba, Ubisoft, and Tongfang Youyun, and is committed to building a global ecosystem of shared cloud computing power.

Application Scenarios

iExec Cloud Computing Market:
‎iExec Cloud Computing Market is an open global market platform that provides cloud computing resources to meet usage needs. Applications and users can obtain cloud computing resources on demand, while computing resource providers can price computing resources they are willing to sell.
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‎iExec SDK:
‎iExec SDK provides CLI and JS libraries, allowing blockchain developers to run complex code on off-chain (off-chain) through the iExec distribution cloud, easily overcoming the performance limitations of Ethereum.
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‎iExec App Store:
‎iExec Dapp Store provides Dapp (decentralized App). Developers can increase their Dapp’s popularity and profit from it, while users can try and run these apps through the iExec cloud computing market platform.
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‎iExec Data Wallet:
‎From the iExec V3 version, data providers can monetize their data in the safest environment. This new model will power disruptive ecosystems and provide companies with new innovative business models.

Technical Overview

Implement data leasing through blockchain:
‎V3 Enterprise Edition is the latest version released by iExec Cloud Computing Bao in mid-last month. It mainly adds a data wallet and optimizes the process of standardized wallet management to provide computing security and flexibility during export. Data providers can rent out their valuable data sets or artificial intelligence models on the iExec cloud computing platform without losing their ownership and receive corresponding RLC token returns each time the data is used.
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‎In the past, companies could only sell data sets or charge subscription fees, and they also lost ownership of data. The new version of iExec Cloud Computing Bao Data rental on V3 has created a new business model. Enterprises can run data on remote machines, but machines can never copy, access or tamper with the original data, and ownership is owned by the original data provider. Data providers can also decide who can have access to their data and revoke this access if needed.
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‎The training model of artificial intelligence is a good example of how data sets can be rented and monetized on the iExec cloud computing platform. These datasets are of great value, but they need to be developed to consume a lot of time, money and data. On the iExec Cloud Computing Platform, valuable and sensitive data like this can be used in industries from healthcare, fintech to cybersecurity through leasing monetization.
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‎Optimize the security and trustworthiness of data leasing:
‎The new business model for secure data leasing benefits from blockchain and iExec TEE (Trustable Execution Environment) solutions, developed by iExec 未分类 in partnership with Intel, IBM and Alibaba Cloud, a technology that ensures that data running on remote and untrusted computers are securely protected. iExec Cloud Component Bao's V3 version also provides a privacy protection solution based on Intel's SGX. The combination of the two also greatly guarantees the security and effectiveness of the data rental market.
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‎In specific cases, iExec Cloud Component Bao cooperated with Alibaba Cloud to deploy a medical application on Alibaba Cloud, allowing hospitals to "rental" their medical data to the Neurological Research Center. The Center for Neurological Research uses medical data to study brain activity and Alzheimer's disease. Using iExec Cloud Component TEE (Trustable Execution Environment) solution and Alibaba's SGX-based instances makes it possible for hospitals to "rental" medical privacy data without losing ownership of this data. All data used by the research center is securely protected within the Intel SGX hardware area provided by iExec Cloud Computing, ensuring that no third party (including the research center) can review or copy the medical data used.
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‎V3 Enterprise Edition new technology and function upgrades:
‎In addition to integrating the iExec Cloud Computing TEE (Trustable Execution Environment) solution, the V3 Enterprise Edition has added a series of new technical features, such as the comprehensive upgrade of distributed computing middleware, which was officially named "iExec Core". The new version allows personal computers to join a public "work pool" (also known as mining pools or computing power pools) to rent idle computing power, thus becoming a computing resource provider. In addition, as part of V3, the overall operating efficiency of iExec Cloud Computing Marketplace will be comprehensively improved through exclusive side chains. In iExec Cloud Computing V3, the SDK has undergone major upgrades, including higher security and changes to the developer's workflow, making the entire platform simpler and more convenient. Finally, the V3 version also incorporates decentralized oracle technology, allowing applications on the blockchain to obtain real-world information in real time.
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‎iExec Cloud Computing Ball is a distributed computing platform based on Ethereum, allowing DApp developers, data providers, computing power providers and users to fairly and freely trade computing power and data on their platform. As the chairman of the Trusted Compute Working Group of EEA (Ethereum Enterprise Alliance), iExec Cloud Compute Bo, together with Intel and Consensys, is a major contributor to the formulation of the official EEA Off-Chain Trusted Compute Specification V1.0 standard. This will also become the normative principle of the trusted and privacy-protected computing industry based on blockchain in the future. During the development process, iExec Cloud Computing Technology has not only been recognized and cooperated with industry-leading companies such as Intel and IBM, but also received attention and support from French Power Group and French National Investment Bank.

2.Comment

iExec Background Art developed by researchers in the field of desktop grid computing at INRIA and CNRS agencies, and supports the use of thousands of distributed nodes to execute a large number of parallel applications. iExec creates a provider network that forms a virtual cloud infrastructure. So you can leverage this infrastructure to run any of your applications, or become one of the providers by renting out your personal resources.

iExec can support applications in multiple fields, from high performance computing to the Internet of Things. By becoming an open market, iExec encourages competition among various providers, thereby reducing computing costs and improving service quality. High performance computing is a key technology for designing innovative products, and by allowing everyone to afford it, iExec will make it popular. Artificial intelligence and machine learning require huge computing power when training models. iExec will support the most popular frameworks such as TensorFlow, Caffe, Theano and Torch.

RLC is a digital asset in Ethereum. It is an ERC20 compliant token, and like any cryptocurrency, RLC can be stored, transferred, traded, split and used for payments safely and easily.