iExec is a decentralized cloud computing network launched in 2016 by Gilles Fedak and Haiwu He. The network aims to use blockchain to connect those in need of cloud computing resources with providers in a secure, private, and transparent manner. This model will help train models and support the growth of various fields such as AI, big data, rendering, etc.
Both founders of the project have extensive experience as researchers and professors in computer network information and digital science. It is no coincidence that iExec’s ICO was one of the biggest then and the list of partners include firms like Alibaba, Ubisoft, IBM, to name a few.
iExec serves as a marketplace of sorts for cloud computing because people who have an abundance of cloud computing resources and those who are in need come here to rent computing power in exchange for RLC token. To make this happen, the network uses Proof of Contribution (PoC). PoC ensures that once a resource contribution has been made, the corresponding RLC payment will be given to the contributor.
RLC is available on Ethereum and Sora. RLC has 87 million tokens in total, all of which are in circulation.
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