July 11, 2017, Lyon France — The distributed cloud computing platform, iExec is joining the Enterprise Ethereum Alliance.
The Enterprise Ethereum Alliance (EEA) seeks to augment Ethereum, enabling it to serve as an enterprise-grade technology, with research and development focused on privacy, confidentiality, scalability, and security. EEA will also investigate hybrid architectures that span both permissioned and public Ethereum networks.
Ethereum is a blockchain-based, general purpose decentralized application platform, enabling smart contract functionality. This technology facilitates more efficient and secure transactions without centralized intermediation. Notably, the Ethereum blockchain technology will improve banking trade settlement latency, increase transparency in supply chains, and create peer-to-peer markets without intermediaries.
iExec stands for “I Execute”. It aims at starting off as a fully distributed Blockchain-based cloud platform. Headquartered in Lyon, France, iExec is a spin-off company from INRIA, the French National Institute for Research in Computer Science. iExec aims to create a decentralized cloud and set up a marketplace for computing resources. It is designed for distributed Blockchain-based applications (DApps) with plans to evolve into a market network for decentralized computing products and services. The iExec system works by tethering computers together to create one giant network of computing resources. The Ethereum blockchain and smart contracts, act as a management system for the iExec network. It allows users to monetize their participation, automating payment transactions for the give and take of services. Unlike existing cloud providers, business on the iExec cloud is an open network allowing any companies to start their d...