Cloud computing is not being implemented around the world in its’ true spirit. What we call cloud computing is actually big servers working day and night with just data under a cloud protocol. The real essence of cloud computing is to provide a decentralized network of computers around the world with remote users being able to leverage their resources or pay for them as part of the network.
Blockchain and decentralization has a big role to play in the implementation of this P2P computing services provision in a cloud network. This is why many decentralized tech startups are aiming to make use of the incredible power of the blockchain involving decentralization and the ability to anonymously connect remote computers in a single network that is not controlled by anyone.
iExec is a new cloud computing marketplace that is one the latest startups to dream of a fully decentralized cloud computing network and cash on it. The platform has recently released its first Software Development Kit (SDK) during Devcon3 in Mexico. The purpose of the new software development tool is to provide cloud computing services to blockchain-based applications in an affordable and scalable way. Other important developments from the iExec team include the development of a new app store for the decentralized blockchain-based apps, new partnerships and a new research program.
The SDK is seen as an important milestone of the new company’s eventual goal of developing a fully decentralized cloud economy and see it grow. It wants to develop a new platform that will ensure unlimited cloud computing power for decentralized applications at a very affordable rate.
But how do we continuously assure that the price of the cloud services remain affordable? We use the invisible power of the free market.
The free market and its competition can make prices fair for all especially in this industry where everyone with a PC will eventually have the ability to leverage their processing capability. iExec is developing a new decentralized marketplace for all types of cloud resources. These resources include cloud servers, storage, applications and data sets.
The company is aiming to overcome the challenges of blockchain and its limited storage and computing capabilities with the help of the SDK release. Now users can develop and deploy complex applications directly from the blockchain. This new approach is called “off-chain execution” and allows the developers to broaden and empower the application usage of the Ethereum blockchain which is not exactly designed for this level of scalability.
The native token of the new platform is called the RLC token and its current market cap is $41 million and the price of each RLC token is $0.52. Developers can now earn RLC tokens by working with the SDK platform and renting their applications on the blockchain.
Learn more about iExec here – https://iex.ec/
