iExec — Amazon Web Services for the New Age

A excerpt of a post published elsewhere. A link to the original is at the bottom of this excerpt




Category / Sector

Utility Token / Distributed Computation

What they do ?

iExec promise is huge: Reinventing Cloud Computing. They aim to challenge the current mammoth, centralised cloud providers (e.g. AWS, GCE, Azure, Digital Ocean …) offering a way to run your applications on a (potentially) huge distributed network of computers with idle resources (like a computer you may have at home, a bunch of servers a business is not using anymore …). What’s more, you will get paid (in RLC, their own token) for allowing someone to use those idle resources.

Their ultimate aspiration is to provide cheaper and easier access to cloud resources and do it in a more sustainable way than current centralized server hives (with their skyrocketing energy needs).

Read the original post on Medium