iEx.ec is a blockchain-based distributed cloud computing technology that recently completed its crowdsale. Find out more about the company today in our iEx review.
What is iEx.ec?
iEx.ec is a blockchain-based cloud platform that promises to provide supercomputer-level computing power worldwide using a chain of computers connected over the cloud. The platform and its research technologies have been developed at the INRIA and CNRS research institutes since the early 2000s. Today, the technology is being proposed as a way to make decentralized autonomous organizations (DAOs) more efficient.
The core technology behind iEx.ec is the “Desktop Grid”, or “Volunteer Computing (BOINC)”. This grid collects computer resources underutilized on the internet, then uses those resources to execute very large parallel applications at the fraction of the cost of a supercomputer.
Basically, iEx.ec is a set of technologies that allows anyone to access the power of a supercomputer over the cloud. The platform works by harnessing the computing power of devices that are not currently in use, or have extra processing power that’s not being used.
Users can sell their unused processing power over a P2P marketplace. Users can rent GPU or CPU processing power or storage over that marketplace. The marketplace is based on the Ethereum blockchain.
How Does iEx.ec Work?
iEx.ec relies on XtremWeb-HEP, which they describe as “a mature, solid, and open-source Desktop Grid software which implements all the needed features for the platform to work”. Those needed features include:
- Multi-application support
- Multi-user support
- Hybrid public/private infrastructure
- Deployment of virtual images
- Data management
- Security and accountability
Using the features above, iEx.ec can organize decentralized infrastructures and marketplaces. On the iEx.ec platform, users can rent computing resources (GPU, CPU, and storage, for example). Developers can also create applications that require enormous computing power, and then access that computing power of the iEx.ec platform. There’s no need to visit a government or university to request their supercomputer: anyone can connect to a supercomputer when they need it.
How does the blockchain fit into all of this? iEx.ec uses a blockchain to provide distributed consensus and resiliency while being fully distributed. As the iEx.ec website explains, “We think it’s going to change drastically the way we design distributed systems and applications.”
iEx.ec specifically uses an Ethereum blockchain. The blockchain is used to manage the P2P marketplace, where users can sell or rent computing resources.
Here are some of the key advertised features with the iEx.ec platform.
Today, we need solutions to manage, organize, and understand “Big Data” while also running high performance computing applications. Not everyone has access to a supercomputer. Thanks to iEx.ec, that can change.
Easy for Anyone to Access:
“HPC is too complex and too expensive for innovative SMEs and individuals”, explains the iEx.ec website. Their platform, on the other hand, is on-demand and scalable while providing access to much-needed resources.
The iEx.ec technology is based on XtremWeb-HEP, which is a software for paralleled and distributed computing used in production in the public domain for 10 years (including in signal processing, aeronautics, finance, and energy).
iEx.ec uses the Ethereum blockchain to organize a global peer to peer marketplace. From that marketplace, anyone can rent or sell computing resources and applications. This lowers the cost of IT infrastructure while creating a more energy efficient future.
iEx.ec is a blockchain platform that’s been in development since the early 2000s. Over the years, researchers have used various technologies to improve their system. Today, it’s a combination of cloud computing and blockchain technology.
iEx.ec is based in Lyon, France. The company was officially founded in 2016, although their individual research platforms and technologies have been in development since the early 2000s.
you can get in touch with the company by email at firstname.lastname@example.org.
iEx.ec aims to bring the world of blockchain technologies to supercomputers. Basically, the iEx.ec platform creates a marketplace where anyone can rent or sell computer resources. That P2P marketplace is based on the blockchain. It’s designed to lower IT costs worldwide while also making energy usage more efficient: you can earn money off your unused computing power, while researchers can create applications to analyze big data that require enormous computing power.
You can learn more about the iEx.ec project at iEx.ec.