/biz/ - Business & Finance

What it actually is? It's the currency exchangeable in the open computation market, and has a finite amount, and fully enterprise compliant and soon to be SEC compliant.

Imagine if instead of every single entity needing to own its own car, that the very first ride sharing service - like Uber - was emerging. The very first time that corporations and other private entities can run computationally intensive simulations and AI in a fully secure environment without needing to own massive data centers. All they need is RLC and the task at hand.

Consider earlier this year when AWS went down:
https://www.theverge.com/2020/11/25/21719396/amazon-web-services-aws-outage-down-internet
With something like iexec, AWS service providers could be seamlessly transferred from one service provider to another in the case of an outage, as the network would provide redundancy.
Truly disruptive technology in and of itself, but that's not even near all the iExec network can do. The broader network does in fact include oracle services, offchain computing, and likely even more as iexec expands.

If the larger computing ecosystem is an engine generating value from work, then RLC is the lubricant which allows for frictionless motion and more efficient transfer of energy. Thus, RLC is Digital Oil.