Distributed cloud computing platform iEx.ec announced today that it will open its token crowdsale on 12th April at 13:00 GMT. The project aims to create a distributed cloud environment to meet the rising need for computationally intense and decentralised business practices.

The crowdfund has a target of $2m to cover the costs of developing and launching the iEx.ec cloud. Contributors in BTC and ETH will be eligible for RLC tokens, the native tokens for the iEx.ec cloud network. iEx.ec are scheduled to launch their platform later this year with off-chain computation for distributed applications (DApps).

A Business Network

The iEx.ec system works by tethering computers together to create one giant network of computing resources. This technique called Desktop Grid Computing has typically been confined to scientific computing. Now with the introduction of blockchain technology, iEx.ec can for the first time, make this type of networked computing open and affordable for public and enterprise use.

The Ethereum blockchain, and specifically smart contracts, act as a management system for the network, allowing users to monetise their participation, automating payment transactions for the give and take of services. Unlike existing cloud providers, business on the iEx.ec cloud can take place securely and without any central authority.

iEx.ec aims to create a native environment for a new generation of businesses to thrive as CEO and co-founder Gilles Fedak explains;

The simple truth is that centralised cloud services are falling behind current demand for computing resources. The iEx.ec team knows this through our work at the leading edge of distributed and cloud computing. With blockchain we see how a new paradigm of cloud computing is not just possible but absolutely essential, to meet the current needs of cloud SaaS, PaaS and IaaS markets, and to meet the needs of the next wave of innovation such as High Performance Computing, Artificial Intelligence, Internet of Things, Blockchain Computing and other forms of distributed business.

The iEx.ec cloud sets in motion a network for computationally intense and decentralised businesses but in the spirit of open access, the iEx.ec cloud platform will be free for anyone to join. Rather, it’s revenue model will centre on a range of premium features for enterprise. The team plans to release a set of ready-made smart contracts to help users get started.

About The Team

iEx.ec has already been a year in development and in that time iEx.ec has grown its core team of distributed and cloud computing experts, blockchain developers, business consultants and marketers. Last month the team released a proof of concept where anyone can submit computation to the cloud via blockchain which you can take a look at here [https://medium.com/iex-ec/a-walk-through-iex-ec-demo-app-3a39316b3c36#.w55pwh3xn] The project is lead by well respected researchers Gilles Fedak Ph.D and Haiwu He Ph.D who have both worked at the highest levels of their specialisms in distributed computing, HPC and cloud systems design.

iEx.ec is a natural progression for us. We have a unique experience in designing and establishing real distributed computing infrastructures such as the European Desktop Grid Infrastructure, and supporting the most demanding scientific applications like the CERN. Furthermore, we have a long history of industrial partnerships with Airbus, Total, BNP Parisbas, Orange and many startups as well. From these experiences we have come to understand where the commercial opportunity lies, and what’s more important is that we know how to get there. We will be first to market with the distributed cloud since our tech is already well developed and we are super excited to release it to the world.

Gilles Fedak will present iEx.ec at the BlockchainUA conference in Kiev on March 17th and at the Berlin Blockchain expo in June 1st-2nd. The crowdsale will run until 12th May, 13:00 GMT with a 20% bonus for early investors. For more information visit http://crowdsale.iex.ec.

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