iExec (RLC) announces partnership with Rootstock (RSK)

 

The smart contract or self-executing contract

The smart contracts have emerged in recent years as a new approach to business. Indeed, these contracts have many applications, and also many advantages. For example, they make it possible to automatically make payments, such as the awarding of indemnities or the sale of services, in a secure and almost instantaneous manner.

These contracts were popularized by the Ethereum blockchain and the developers quickly saw the potential of this innovation. That's why RSK aims to add value and functionality to the Bitcoin ecosystem by enabling the implementation of smart contracts . In fact, RSK is the first platform offering such contracts using the Bitcoin blockchain .

The deployment of iExec smart contracts on RSK

As we already reported , iExec has developed the first blockchain-based cloud service . This platform will allow users to buy or sell computing power . This will allow decentralized applications that are the most demanding in terms of computing resources to operate through the purchase of these resources on the iExec platform .
iExec successfully deployed the V1 of these contracts on the RSK platform. This will allow developers to build applications that will benefit from free cloud computing capabilities.

 

The next stage of the project: an ever-better V2

On May 29, 2018, iExec is expected to roll out V2 of its contracts. It will consist of a decentralized market, where cloud computing resources will be exchanged . This platform will be the first example of a peer-to-peer market where will be monetized computing power .
Once the V2 is compatible with RSK, the smart contracts deployed on Rootstock will be able to use the same decentralized cloud as the applications deployed on the Ethereum blockchain .

This project is a world first , it is a boon for many sectors such as finance , artificial intelligence or scientific research . As with many blockchain innovations, its cornerstone is decentralization.

Indeed, a scientist (for example a mathematician, or a theoretician in any field) will no longer have to go through government institutions, scholarships, or private investors to buy a computer capable of performing the complex tasks that it requires. is responsible for carrying out his research. Our scientist will be able to buy this computing power on the platform developed by iExec, and at the best possible price. In addition, this partnership with RSK will allow the development of applications, decentralized via Bitcoin, which will be able to make the best use of the computational power that the iExec marketplace will offer.