Decentrialized Cloud Computing service are three valuable words that summarize the iExec project. I say valuable because it is predicted that central cloud services market will be over $ 400 billion in 2020. #RLC is the only #Blockchain project in this area
Why are these cloud services so popular? Because even without having powerful hardware, you can access and use your terabytes of data and even your programs from devices that have only internet services.
In this way, you are saved both the infrastructure investment and the cost of purchasing powerful devices. Great convenience especially for medium and small sized businesses. Of course, target audience is not only investors in this measure. For example, #Netflix and #Amazon are completely using cloud service.
#iExec #RLC #Blokchain provides cloud-based services that allow companies to lease idle computing power on the network. The trick here is that the RLC does not offer cloud storage services like #Siacoin or #filecoin. #RLC offers cloud computing power service.
As it is known, #ethereum is a decentralized platform that allows #blockchain to develop #dApps (applications) with smart contracts. The simple information flow and compatibility on this platform runs from #eth Virtual Machine (VM ‘Virtual Machine’).
However, running high-throughput applications on a #eth VM is as heavy as equivalent to running a 3D design program with an Intel Pentium II processor. If so, why are ICO projects continuing to go out based #eth?
The answer is simple. Because many projects are still in the stage of promotion and design; there is no functioning material in the real world yet. In the future, when these projects go into application phase, they will see that #eth #Blockchain platform cannot endure the heavy processing burden.
One of the ideas introduced here is that instead of enforcing the #eth virtual machine, this process is done through a software to another machine and the result is reflected in the network. Here is #iExec #RLC a real solution with software and platform service that will make it through.
#RLC partnership manager #WassimBandella says that #flixxo, a #blokchain project similar to #YouTube, since it takes a lot of computer power to make all of the video encodings on the block chain #iExec will solve this problem with cloud computing power,
From here we can see that # iExec has found a concrete example in the prediction that there might be a solution to the problem of #eth VM. Although it seems to be described fully, the topic I mentioned so far is the secret weapon of # iExec. The most important feature uncharted.
For this reason, we should be able to understand this part well. It is even better understood that a sleeping giant is mentioned in the real sense if we mention that #iExec can adapt the cloud computing service not only to the #eth network, but also to platforms with its #blockchain network like #Neo #eos.
In fact, the #iExec team recently announced that they had such a meeting. They met in Seoul with # Neo.
#iExec develops 3 different platforms to offer decentralized computing power to users:
- dApps Store
that you can think of like the App Store. The most important thing is that on 20th December, it went live and it is in use.
- “Marketplace”
when #iExec introduced the application store we mentioned in the first article, the price reached the highest level. I think we give a tip when we say May 2018 as the time for the realization of this second item.
In this marketplace, individual users will be able to lease their trading power. Currently the application store uses the limited and free processing power that #iExec is using. With the Marketplace, new processing powers will be integrated into the system, creating a business and competitive zone.
- Data Marketplace
This item is for data service provision in the above-mentioned power market. There is no clear date for this market yet on the road maps. But as the computing power, this will also offer the opportunity to earn # RLC by renting services to the participant.
The total number of # iExec in coin is ~ 87 Million. If 90% of coin circulation are thought to be used as a payment tool on the platform, we can predict that the value of coins will increase as demand increases.
Two founders (#RLC French Gille Fedak and Chinese Haiwu He) have the chance to address two continents.
Created by two entrepreneurs who specialize in the project area based in central France. Technically it is understood that they are perfect fit for his job by the look on their resumes. Perhaps for this reason they are not very active in terms of marketing
There is no other token of the same objective that we can show as a competitor of the project in the crypto community. #Sonm is a supercomputing powerhouse, #Golem specifically design applications for cloud computing power for 3D modeling, #siacoin and #filecoin for cloud storage solution.
As we have pointed out, #iExec is designing a much different and critical service force. It builds a platform that is self-fulfilling. Even if a rival emerges now on the market, it is obvious that this project will come one year behind.
#RLC is currently trading in two giant stock exchanges like #binance and #BittrexExchange. As #BTC’s latest dump movement, it is trading below $1 in the down market. When we consider the expectations, perhaps we can say that this is the best price range possible to invest.
Furthermore, #IExec team has announced that they have been invited by #IBM to the Think 2018 event to be held between March 19–22. The event is an important information event that IBM has been launching with the slogan “We fit our 1 year training into 4 days.”
The teams’ participation on the event may reflect to the price, according to the news coming out next week as the event takes place. In this sense, the day on which the article is written may be ideal for appropriate purchase levels.
Also #iExec announced that they participated in the #openfog organization. “Open Fog”, which is market giants like #intel #dell #Cisco, focuses on intelligent city architecture and integrating cloud services into these systems.
As a result, #iExec #RLC is an important project that many progenies will be able to integrate processing power into the #BlockChain network, perhaps integrating the processing power that the #Ethereum virtual machine will not be able to catch up with in the future and most importantly it can adapt to real life shortly.