iExec: Using Ethereum To Transform Cloud Computing
Ethereum continues to impact the computing world at an unprecedented rate. Ethereum-based technology has been implemented in a number of practical use cases in various fields, such as banking, real estate, supply chain management, and now cloud computing.
iExec, short for “I Execute,” a Chinese and French company located in Lyon, France, aims to provide a platform for blockchain-based distributed applications on an upgradeable, secure, and accessible ecosystem for computer resources (CPU, storage, etc.). They plan to establish a market network where users can monetize their servers, applications, and datasets. By utilizing Ethereum smart contracts to assist in the creation of virtual cloud computing services, iExec can provide high-performance computing (HPC) services on request.
The company recently released its white paper which describes how they plan to revolutionize the internet with the iExec platform. The document outlines iExec’s vision, the current market, the company’s development roadmap, and the upcoming crowd sale scheduled to start on January 17, 2017. According to iExec, “usage of Big Data and High-Performance Computing applications and the infrastructures to run them is a necessity for the design of innovative products and services.”
Along with using the Ethereum tech, iExec will also be utilizing new parallel computing technology developed by both the French National Institute for Research in Computer Science (INRIA) and the French National Center for Scientific Research (CNRS). iExec’s website states:
“We produced numerous software and algorithms that introduced breakthrough innovations in the area of large scale data processing, data management, parallel computing, security and dependability, QoS, interoperability with eScience infrastructures and many more.”
The iExec team believes that the future of decentralized infrastructure relies on the blockchain to monetize the current market network using distributed infrastructure to facilitate big data, HPC, Internet-of-Things (IoT), and Artificial Intelligence (AI) applications.
“Thanks to iEx.ec, we can now organize decentralized infrastructures and market places, where everyone will be able to rent its computing resources (CPU, storage, GPU, …), where the innovative SMEs which design Big Data and HPC applications will be able to sell them online immediately with the needed resources to run them, and where highly valued data-sets will be rentable with a fine-grain business model.”
Read the full press release below:
iEx.ec Blockchain Cloud Computing Platform Releases Its Whitepaper
iEx.ec is inventing the internet of the future by developing its first Blockchain-based, fully distributed cloud computing platform.
Lyon, France, December 26, 2016 (Newswire.com) - iEx.ec has released the very first version of its whitepaper showcasing the future of Internet. The document offers a detailed description of iEx.ec’s vision, the market, development roadmap and the upcoming crowd sale of its tokens scheduled for January 17, 2017.
iEx.ec which stands for “I Execute” is a French/Chinese company headquartered in Lyon, France with an office provided by Tsinghua University X-elerator. The platform was first introduced at the Ethereum Devcon2 conference held in Shanghai, China in September 2016. The team also successfully showcased a demo of the platform at the Super Computing Exhibition 2016 held in Salt Lake City, USA.
With the platform, iEx.ec aims to provide blockchain based distributed applications a scalable, secure and easy access to the computing resources required for their execution. It uses the blockchain to organize a market network where everyone can monetize their servers, applications, and data-sets. This technology extends the Ethereum smart contracts allowing the creation of virtual Cloud infrastructure that provides High-Performance Computing (HPC) services on-demand.
iEx.ec leverages a set of research technologies that have been developed at the INRIA and CNRS research institutes in the field of Distributed and Parallel computing. iEx.ec relies on XtremWeb-HEP, a mature, solid, and open-source software which implements all the needed features viz. fault-tolerance, multi-applications, multi-users, hybrid public/private infrastructure, deployment of virtual images, data management, security and accountability, and more.
The new Proof-of-Contribution protocol being developed by iEx.ec allows off-chain consensus. With the Proof-of-Contribution protocol, external resource providers can have their resource usage certified directly on the Blockchain. iEx.ec aims to deploy a scalable, high-performance, secure and manageable infrastructure sidechain that will promote a new form of distributed governance, implying key HPC, Big Data, and Cloud industry leaders.
The team believes in a future of decentralized infrastructure and market network, where Big Data, HPC, IoT, and AI applications, highly valued datasets, and computing resources (storage, CPU, GPU etc.) will be monetized on the Blockchain with the highest level of transparency, resiliency, and security. iEx.ec will be the key platform powering this future.
iEx.ec is a follow-up to the CloudPower project, which was supported by the French National Research Agency (French), the University of Lyon, the French National Institute for Research in Computer Science (INRIA), the University of Paris XI, and the French National Center for Scientific Research (CNRS).