Review on iExec RLC by Fanuel PORPORTY
iExec RLC - Reinventing Cloud Computing
At present, the main problem of Cloud Computing is the following: centralization. iExec was created to solve this problem by using blockchain to decentralize this. The company behind the iExec company is Franco-Chinese.
Here are the problems that centralized systems can pose:
1. In the event of a problem with the servers, access to the site may be interrupted for many hours. In the case of large companies, this can quickly mean a shortfall of several million euros.
2. If our cities become "intelligent" in the near future, then a server failure could have serious consequences:
* Malfunctionning of road signs.
* Supply problem for automated processes
(refilling the fridge, stock in stores, routing
raw materials in factories, etc.)
* Death of people being under medical treatment
automatic.
3. 50% of energy expenditure is used to cool servers, which is worrying from an ecological point of view.
By creating a decentralized system, these problems can be eliminated. The RLC token will allow you to buy computing power or to use certain dapps specific to the iExec network. You will earn RLCs if you make available to your users your unused computing power from your computer or if you decide to rent certain dapps that you have created.
Pros
- The project is supported by large institutions. This therefore gives a strong signal to investors.
- Their site is already online and some applications already functional.
- The team visits all the main blockchain-related events around the world. This allows them to make their product known to industry professionals.
Cons
- The roadmap continues until 2021. We will therefore have to be patient in order to have returns on investment.
