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Everything about iEx.ec ICO. Read about it and decide on your investment move.
ICO, Satoshi.Fund, iEx.ec, ICO report
The iEx.ec project is all about connecting Blockchain technology and cloud computing business. It aims to create a decentralized cloud and set up a marketplace for computing resources. Its founders conducted numerous scientific research over the years at prominent research institutions, such as the French INRIA and CNRS. The team has a step-by-step plan for the four years ahead. iEx.ec will rely on a set of its own technological solutions.
However, the team has not done a lot of dissemination work till recently. Its track record on Github is quite modest. So the question remains open, whether the iEx.ec technological base is as good as they claim it to be.
Konstantin Lomashuk, CEO of Satoshi.Fund:
“The market of cloud computing is huge and we will see more and more new companies aiming at it. It’s really good for the decentralized ecosystem.”
iEx.ec stands for “I Execute”. Headquartered in Lyon, France, the project was created in October 2016. It is a spin-off company from INRIA, the French National Institute for Research in Computer Science.
iEx.ec aims at starting off as a fully distributed Blockchain-based cloud platform. It is designed for distributed Blockchain-based applications (DApps) with plans to evolving into a market network for decentralized computing products and services.
In total, their five editions of the project planned within four years from the launch date. The last outlined edition will represent a fully distributed platform for Blockchain computing.
The iEx.ec market network will be designed for various participants of the distributed computing ecosystem. It will enable them to do business with each other to better monetize their products and services. Each new version of the network will be updated to host new types of participants:
The market network is to provide its users with
The project’s closest challenger is the Golem Network. It is a decentralized economy of computing power, where one can rent it out or develop and sell software. As pointed out in iEx.ec whitepaper, the key difference between the two is that Golem, with its supercomputer, focuses mainly on High-Performance Computing (HPC) users, while iEx.ec, with its decentralized cloud, will first attract DApps and expect Cloud and HPC users to join later when the Network will evolve becoming more competitive. The economy of DApps is on the rise now, and iEx.ec seems to fit perfectly in it.
The core team members, including Gilles Fedak, Haiwu He, Oleg Lodygensky, and Mircea Moca, have an impressive research and development background in big data, grid and cloud computing. Gilles Fedak alone co-authored over 80 peer-reviewed scientific papers.
The core features underlying the iEx.ec are their own developments. They were produced in the scope of their work at INRIA and CNRS. The team is also linked with the Chinese Academy of Sciences.
The Blockchain part is done by two experts from La Javaness, a French digital innovation accelerator. There are also a data management expert, the Energy Positive Server developer, two PR specialists and a new media expert based in the company’s China office.
In the future, the team considers collaborating with several well-known European and Chinese universities in research. It also intends to obtain complementary funding through national and European research agencies.
The report is prepared by Satoshi•Fund
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