iExec RLC

What is iExec RLC?

iExec is a pioneering project that provides a unique and innovative solution to safeguard and enhance the value of digital assets. Its decentralized architecture, blockchain protocol, and integration of cutting-edge cryptographic technologies make it an ideal choice for individuals and organizations looking to optimize their computing resources while prioritizing security and privacy. For developers interested in privacy, ownership, and monetization, iExec stands as the perfect platform.

iExec is pioneering the future of Internet infrastructure by decentralizing the cloud computing market. As the first blockchain-based cloud computing marketplace, it connects cloud resource sellers with buyers, fostering a decentralized and autonomous ecosystem for privacy-preserving applications. The iExec network, built on Ethereum smart contracts, provides a virtual cloud infrastructure for high-performance computing services on-demand. Application providers, computing providers, and data providers can monetize their offerings, contributing to a transparent, resilient, and secure decentralized infrastructure.

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Recent Video Interview

Main points of the interview:

• Discuss IoT and blockchain convergence.
• iExec builds a decentralized marketplace for computing resources.
• Upcoming release will enable data monetization and offer blockchain as a service.
• French blockchain ecosystem showing significant growth.

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Decentralized Applications and Data Ownership

iExec empowers developers to build and deploy decentralized applications, ensuring that data is securely stored on a decentralized network, protected from unauthorized access. Employing advanced confidential computing techniques guarantees that data remains secure and private, even when processed on untrusted remote servers. Following a privacy-by-design principle, iExec ensures that only authorized individuals can access or copy users' and developers' data.

The decentralized nature of iExec, leveraging Ethereum blockchain technology, allows developers to retain ownership of their applications and data. Access control rules, stored in blockchain smart contracts, cannot be modified by any entity. This architecture grants data owners complete control over their data, enabling them to grant or revoke access as needed, ensuring absolute ownership and control.

Monetizing Applications and Data

iExec offers developers the ability to monetize their applications and data through a simple pay-per-task model. Developers can rent their applications, allowing users to monetize the usage of their own data. Additionally, developers can earn rewards by sharing their computing resources with the iExec network. This combination of features positions iExec as a technology provider for the development of Web3 applications that facilitate secure data storage, processing, and sharing while maintaining control over privacy.

Privacy-Enhancing Marketing

In the Web3 ecosystem, user privacy faces challenges, especially when using blockchain wallets that link addresses to personal identities. Introducing Privacy-Enhancing Marketing, this novel approach prioritizes user privacy and consent in the interaction between Web3 users and decentralized applications (dApps). It leverages features such as user consent management, secure data sharing protocols, privacy-preserving communication channels, targeted marketing without personal data exposure, and the monetization of direct marketing actions. This paradigm shift aims to create a more equitable and user-centric digital environment.

iExec Tools

DataProtector: DataProtector is a groundbreaking project providing developers with methods to create apps that ensure users have unparalleled ownership and privacy over their data. Through end-to-end encryption and smart contracts managing data rights, DataProtector enables users to allow apps to use their data without revealing the data itself. It offers methods such as protectData, grantAccess, revokeAllAccessObservable, revokeOneAccess, fetchProtectedData, and fetchGrantedAccess, providing comprehensive control over data access and usage.

Web3Mail: Web3Mail offers developers methods to create apps that allow entities to email Ethereum account holders without knowing their email addresses. This eliminates the need for end-users to share their email addresses with multiple third parties, reducing the risk of data breaches and spam. With methods like fetchMyContacts and sendEmail, Web3Mail ensures secure and private communication in the Web3 ecosystem.

iExec Team Background

In the realm of iExec RLC leadership, Gilles Fedak serves as the CEO and co-founder. Prior to embarking on the iExec project, he held the position of research scientist at INRIA, completed a postdoctoral fellowship at UC San Diego, and worked as an ATER at University Paris-Sud. Holding a Ph.D. in both philosophy and computer science, Gilles Fedak brings a diverse and interdisciplinary background to his role.

Meanwhile, Haiwu He stands as the co-founder and head of APAC at iExec. His previous roles include serving as a professor at the Chinese Academy of Sciences, working as an innovation transfer research engineer at ENS Lyon, co-founding iRentCPU, contributing as a research engineer expert at INRA, and acting as an assistant professor at Hohai University. Haiwu He holds a Ph.D. in computing sciences, showcasing a wealth of expertise in the field.

Project Development

In 2023, iExec marked significant milestones, including a successful launch of the iExec Web3 Accelerator and a surge in decentralized application (dApp) development post-hackathon. Notably, the iExec Worker Pass Utility NFT project saw over 50,000 applicants, leading to a productive public iExec Worker Pool with 56,000 hours of computation, 65,000 completed tasks, and over $40,000 in distributed RLC tokens.

iExec RLC Price Analysis

As of November 24 2024 iExec RLC has a marketcap of $144M. This is {{percentagefromath}} from its all time high of $15.51. In terms of its tokenomics, there's a total supply of 87M with 83% currently outstanding. Keep in mind iExec RLC has a fully diluted value of $173M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.