/biz/ - Business & Finance

[Anonymous No.12628566]

*tink tink*
500$ 2021

[Anonymous No.12628585]

That is one based meme. Here is some good pasta. Add some more if you got it.


iExec (RLC) aims to be a marketplace for off-chain computation. From what I can gather, it is a decentralized marketplace for any computational service provider, whether that be cloud providers, personal systems, IoT devices, decentralized protocols, etc. Any system that does computation can sell it on the market place.

The question is why would it be valuable and why would someone chose it over a big cloud provider?

1) It can be more secure given there is no need to trust a central cloud provider. There are all types of options and likely even the ability to use several at the same time for different needs.

2) It’s flexible since there is no need for contracts so again you could leverage several at the same time and stop and start whenever.

3) It’s accessible for small and medium size businesses not just for major businesses. This is especially true for companies who want to leverage new AI, CRM, and different data analytic systems but can't afford it in today's models.

[Anonymous No.12628593]

>>12628585
5) Big businesses can build out fog systems. Instead of having to build from scratch their our fog computing network, they can use use already existing computing networks as connection points between their clouds and local IoT devices. This brings computing down to the local level which is cheaper and more efficient. It would be quite expensive and costly to build from scratch. It’s almost like taking advantage of mesh network type system of already available devices, similar to how Uber uses cars already in existence instead of having to create an inventory. AWS doesn’t need inventory, but instead can focus on selling a service that they help facilitate.

6) Big cloud providers have to spend a lot of money maintaining their systems with devs and repairs etc. In a system like this, providers are responsible for repairs and the dev team of iExec or another similar protocol like Golem, SONM, etc can maintain the system. If a provider goes down, they just route to a new one.

FYI to the linkies, I could see Chainlink as a major provider in the market place given they are both an oracle and a off-chain compute solutions. While Chainlink has the marketplace for all smart contract resources, I could see iExec having the marketplace for all types of computational services. They are not competitors since iExec is a more of a marketplace.