Blockchain Startup iExec has Announced the SDK Release of its Decentralized Cloud Network at Devcon3 in Cancun, Mexico
LYON, FRANCE / ACCESSWIRE / November 4, 2017 / Decentralized cloud network iExec has announced the release of its first Software Development Kit (SDK) product during Devcon3 in Cancún, Mexico. The service will enable blockchain applications to access an affordable, scalable, transparent and secure off-chain computing cloud. Several other announcements were made during the conference keynote of CEO Gilles Fedak's, including the first App Store for decentralized applications, some recently-made partnerships, and a new research program.
iExec has been focused on building the first blockchain-based decentralized Cloud Computing platform for some time and this weeks announcement of its first SDK product at Devcon3 Conference follows months of stellar work by the iExec development team. The announcement is seen by the company as its first major goal on its roadmap to eventually create a future decentralized economy by providing a unique platform for unlimited computing power to blockchain applications.
iExec is also creating the first decentralized marketplace for cloud resources (servers, storage, applications and data sets). In April 2017, the company published its official white paper, detailing its plan to bring its vision to market. The team remains perfectly on track and has been delivering on schedule and up to promise. iExec is often known as the Airbnb for servers as its platform automatizes peer-to-peer interactions among users and providers in a safe, secure, transparent, and trustworthy blockchain experience.
On November 3rd, Gilles Fedak, PhD, CEO and co-founder of iExec, made several major announcements during his keynote speech at the (Devcon3) Ethereum Developer Conference:
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Thanks to this first release, the developers are now able to overcome the limitations of the blockchain in terms of storage and computing capacities. By relying on the iExec SDK (Software Development Kit), developers can deploy and execute complex applications from the blockchain. This innovation, called "off-chain execution," allows them to broaden the application usage of Ethereum and address an important scalability issue which is the high processing cost of "on-chain execution."
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In addition, developers are now able to earn RLC tokens by renting their applications on the blockchain. iExec has announced that developers will also be able to promote their business on the first App Store for decentralized applications. The targeted sectors are applications focused on AI, Big Data, IoT, fintech, and green IT. All the major digital trends could be powered by the platform.
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Being very product-oriented, iExec has already started working with companies in order to see concrete deployments of its platform. The first proof-of-concept will be in finance. iExec wishes to stay at a cutting-edge level: PhDs are working on the state-of-the-art design of a proof-of-contribution protocol (PoCo) and on secure and trusted execution of off-chain computations.