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Thursday, 31 August 2017

iExec -The Distributed Cloud



The distributed cloud computing platform, iEx.ec has announced the schedule for its upcoming cryptocurrency crowdsale. The token sale will go live on April 12, 2017, at 1300 (GMT). Through this crowdsale, the project aims to raise funds required to create a distributed cloud environment to meet the rising need for computationally intense and decentralized business practices.

The iEx.ec Business Network

The iEx.ec system works by tethering computers together to create one giant network of computing resources. The use of this technique, referred to as Distributed Computing has so far been restricted to academic institutions. Now, with the introduction of blockchain technology, iEx.ec is making this type of network computing open and available for public and enterprise use.

The Ethereum blockchain, specifically smart contracts, act as a management system for the 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 iEx.ec cloud can take place securely and without any central authority.
iEx.ec aims to create a native environment for a new generation of businesses to thrive. 

The iEx.ec cloud sets in motion a network for computationally intensive and decentralized businesses but in the spirit of open access, the iEx.ec cloud platform will be free for anyone to join. Rather, it’s revenue model will center on a range of premium features for enterprise users. The team plans to release a set of ready-made smart contracts to help users get started.

More information about the crowdsale is available at – http://crowdsale.iex.ec/

Learn more about iEx.ec at – http://iex.ec/

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