iEx.ec has released the first version of its whitepaper showcasing the future of Internet. The document consists of a description of iEx.ec’s vision, the market, development roadmap and the upcoming crowd sale of its tokens which is scheduled for January 17, 2017.
Standing for “I Execute”, iEx.ec is a French/Chinese company headquartered in Lyon, France with an office provided by Tsinghua University X-elerator. The platform was first introduced at the Ethereum Devcon2 conference held in Shanghai, China in September 2016. The team also successfully showcased a demo of the platform at the Super Computing Exhibition 2016 held in Salt Lake City, USA.
With the platform, iEx.ec aims to provide blockchain based distributed applications with scalable, secure and easy access to the computing resources required for their execution. It uses the blockchain to organize a market network where everyone can monetize their servers, applications, and data-sets. This technology extends the Ethereum smart contracts, allowing the creation of virtual Cloud infrastructure that provides High-Performance Computing services on-demand.
iEx.ec leverages a set of research technologies that have been developed at the INRIA and CNRS research institutes in the field of Distributed and Parallel computing. iEx.ec relies on XtremWeb-HEP, which implements all the needed features for fault-tolerance, multi-applications, multi-users, hybrid public/private infrastructure, deployment of virtual images, data management, security and accountability etc.
The new Proof-of-Contribution protocol being developed by iEx.ec allows off-chain consensus. With the Proof-of-Contribution protocol, external resource providers can have their resource usage certified directly on the Blockchain. iEx.ec aims to deploy a scalable, high-performance, secure and manageable infrastructure sidechain that will promote a new form of distributed governance, implying key High-Performance Computing, Big Data, and Cloud industry leaders. The team aims to allow Big Data, HPC, IoT, and AI applications, highly valued datasets, and computing resources to be monetized on the Blockchain with the high levels of transparency, resiliency, and security.