Press Release: iExec, the distributed cloud platform for the future internet is joining the Enterprise Ethereum Alliance today.
July 11, 2017, Lyon France — The distributed cloud computing platform, iExec is joining the Enterprise Ethereum Alliance.
The Enterprise Ethereum Alliance (EEA) seeks to augment Ethereum, enabling it to serve as an enterprise-grade technology, with research and development focused on privacy, confidentiality, scalability, and security. EEA will also investigate hybrid architectures that span both permissioned and public Ethereum networks.
Ethereum is a blockchain-based, general purpose decentralized application platform, enabling smart contract functionality. This technology facilitates more efficient and secure transactions without centralized intermediation. Notably, Ethereum blockchain technology will improve banking trade settlement latency, increase transparency in supply chains, and create peer-to-peer markets where intermediaries typically were previously needed between counterparties.
Exec aims at starting off as a fully distributed Blockchain-based cloud platform. iExec stands for “I Execute”. Headquartered in Lyon, France, it’s a spin-off company from INRIA, the French National Institute for Research in Computer Science. iExec aims to create a decentralized cloud and set up a marketplace for computing resources. It is designed for distributed Blockchain-based applications (DApps) with plans to evolving into a market network for decentralized computing products and services. The iExec system works by tethering computers together to create one giant network of computing resources. The Ethereum blockchain and smart contracts, act as a management system for the iExec network. It allows users to monetize their participation, automating payment transactions for the give and take of services. Unlike existing cloud providers, business on the iExec cloud is an open network allowing any companies to start their decentralize Cloud businesses.
The iEx.ec market network will be designed for various developers and enterprises of the distributed computing ecosystem. It will enable them to do business with each other to better monetize their products and services.
CEO and co-founder Gilles explains the benefits for both iExec and the Enterprise Ethereum Alliance:
“The simple truth is that centralized cloud services are falling behind current demand for computing resources. The iExec team knows this through our work at the leading edge of distributed and cloud computing. With Ethereum we see how a new paradigm of cloud computing is not just possible but absolutely essential, to meet the current needs of cloud SaaS, PaaS and IaaS markets, and to meet the needs of the next wave of innovation such as High Performance Computing, Artificial Intelligence, Internet of Things, Blockchain Computing and other forms of distributed business. iExec is proud to join the EEA to establish collectively the next generation IT infrastructure that will power Ethereum Dapps and beyond.”
White paper: http://iex.ec/whitepaper
Contact Name: Gilles Fedak
Contact Email: email@example.com
Contact Location: Lyon, France