iEx.ec Unveils Demo of Blockchain-based Cloud Computer
Friday 17 February 2017
iEx.ec presented a working demo of the world’s first distributed cloud computing network at the European Ethereum Conference EDCON this week. The French startup aims to be first to market with a new technology that uses blockchain smart contracts to redesign cloud computing.
A Vision for the Future
iEx.ec is creating a distributed market network that it hopes will become home to a new generation of businesses. Internet of Things (IoT), Distributed Applications (DApps) and High Performance Computing (HPC) – commonly known as ‘supercomputing’ – could all benefit from access to the iEx.ec distributed cloud. These types of businesses are resource-intensive and current cloud environments are too costly, or simply unsuitable for distributed business models. The iEx.ec distributed cloud will create a native environment in which they can thrive, lowering costs through the sharing of resources such as computing power and enabling them to do business with one another.
iEx.ec enables easy interface between the user and a high-performance distributed computing network
iEx.ec’s demo features a mini DApp designed specifically to show its technology in action. Using the DApp, users can submit a transaction to the Ethereum blockchain and then execute computations live across a test network. In this instance, the computation will return the user a ‘Vanity Address’, a bespoke Bitcoin address. The creation of such addresses is computationally intensive, but iEx.ec’s distributed architecture reduces computing times significantly.
Under the Hood
Whilst the practice of pooling computing resources isn’t new, the integration of blockchain to monetize it is. The key to iEx.ec’s offering lies in its ‘Oracle’ protocol, developed specifically to manage seamless transactions between the blockchain and a global computing platform. When launched the iEx.ec cloud will be an easy to use, pay-as-you-go, trustless system in which the complexities of system management are automated via smart contracts.
The startup will shortly release its API and has further plans to provide a set of smart contracts templates for easy on-boarding into the new cloud.
iEx.ec is the combination of two concepts that have at their core the principle of decentralization: blockchain and distributed computing. Our team has produced numerous breakthrough innovations in the area of large-scale data processing, data management, parallel computing, security and dependability, QoS, and much more.
By revealing for the first time the iEx.ec blockchain cloud, we are showing to the world that we are ready for a new era of distributed applications, monetized on the Blockchain and with the highest level of transparency, resiliency and security.
- Gilles Fedak, CEO, iEx.ec
iEx.ec will be crowdfunding via an ICO in the spring and if successful plans to roll out distributed services for DApps as early as the Autumn.
iEx.ec was founded by Gilles Fedak Ph.D and Haiwu He, Ph.D, certified experts in distributed computing. It has headquarters in Lyon, France. iEx.ec provides distributed businesses with an ecosystem in which they can access the services and computing resources they need to thrive in the decentralized economy. iEx.ec technology runs on Ethereum smart contracts, providing a market network in the cloud that is scalable, secure and open to all.
iEx.ec Demo DApp: http://220.127.116.11:8080
Demo Walkthrough: https://medium.com/iex-ec/a-walk-through-iex-ec-demo-app-3a39316b3c36
Press Contact: [email protected]
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