/biz/ - Business & Finance

The founder of iExec, Gilles Fedak, maintained and expanded the world's first grid computing solution for 16 years before founding iExec.

He also wrote the textbook on grid computing, and envisioned an even better solution using blockchain technology and cloud computing.

The cloud computing market is projected to grow to a multi-trillion valuation by 2030, and iExec is further ahead in development than any of its blockchain competitors.

iExec does not intend to compete with the likes of Amazon, Microsoft, or other cloud service providers, but rather encompass them in a marketplace that allows anyone to buy and sell data and services for the best rates possible with virtually no risk of downtime or outages.

Smart cities, 3D rendering, AI training, collateral for De-fi, scaling decentralized applications, data monetization, and confidential computing are just a few of iExec's applications.

iExec is poised to become the world standard for cloud computing solutions. It's already been approved by the AMF (European version of the SEC), and has obtained funding from Datacloud, the premier organization for data solutions and innovation. Its marketing campaign has just begun, and partnerships with real businesses like Bosche and numerous universities have already been announced.

These businesses will need to purchase RLC through the open market in order to use iExec's services, and then lock them in a smart contract to obtain a regulation compliant version of RLC called eRLC. This lock up will create scarcity for the native RLC token, and drive up the value as it becomes more widely adopted.

iExec's total token supply is hard capped at 87 million, so inflation is not a concern, and the iExec team's treasury and revenue from its clients minimize the need for the team to market sell RLC to continue development.

Now if you don't already have a bag after reading this, fuck you and stay poor. edition