/biz/ - Business & Finance

Data is the new gold and processing power the new oil. Up to now the conundrum was that companies were accumulating a shitton of datas but they didn’t want a competitor getting their hands on them by proxy (think Uber selling its datas to Walmart who then resells in its back to Lyft or some much more complex fuckery).
A decentralised open and global marketplace with TCF solves everything, not only that but it solves a lot of regulatory issues too, like with GDPR because datas can be monetised without companies trading informations on individuals.


Now all of this could sound like pipedream… until you realise where exec positioned itself in the CCC and Avalon:
>What does iexec do?
>iExec: 4 contributors will develop Ethereum smart contracts, integrate TEE options that support most of the the mainstream programming languages and native applications, and improve Avalon easy-of-use for developers (https://wiki.hyperledger.org/pages/viewpage.action?pageId=16324764))
That's right, iExec controls the Ethereum gateway for all these applications to flourish.

Data is the new gold and processing power the new oil. Up to now the conundrum was that companies were accumulating a shitton of datas but they didn’t want a competitor getting their hands on them by proxy (think Uber selling its datas to Walmart who then resells in its back to Lyft or some much more complex fuckery).
A decentralised open and global marketplace with TCF solves everything, not only that but it solves a lot of regulatory issues too, like with GDPR because datas can be monetised without companies trading informations on individuals.


Now all of this could sound like pipedream… until you realise where exec positioned itself in the CCC and Avalon:
>What does iexec do?
>iExec: 4 contributors will develop Ethereum smart contracts, integrate TEE options that support most of the the mainstream programming languages and native applications, and improve Avalon easy-of-use for developers (https://wiki.hyperledger.org/pages/viewpage.action?pageId=16324764))
That's right, iExec controls the Ethereum gateway for all these applications to flourish.