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Bitcoin Press Release: Blockchain startup iExec has announced the launch of it’s pioneering cloud marketplace. The marketplace with enable users to freely trade computing power through a network of cloud providers and individual market traders.
Lyon, France – June 10, 2018 – Blockchain startup iExec has released its decentralized cloud marketplace. This new development will make it possible, for the first time ever, for computing power to be freely traded on a dedicated market, like any other commodity. Leading cloud providers, TFCloud, Stimergy, Cloud&Heat and Nerdalize have already announced their participation in this groundbreaking new network.
This new marketplace allows app developers to access affordable, secure and scalable computing power on-demand. Each transaction between buyers and sellers is securely audited and certified by the Proof-of-Contribution algorithm, which also verifies every off-chain computation once executed.
A decentralized marketplace for computing power
The world is in the midst of a technological transition that will enhance societies every-day life in unprecedented ways. The main issue hindering exponential growth in the world computing power is the colossal demand in contrast to the currently available supply.
iExec’s new open market for the trading of computing power represents a new paradigm for cloud computing and the industry. Unlike more mainstream markets, the iExec marketplace offers a uniform and standardized access to computing resources,