iExec is a decentralized cloud computing platform that’s based on the Ethereum blockchain. The iExec virtual cloud infrastructure uses Ethereum’s smart contract system to provide its high-performance cloud computing services on demand. Anyone can rent the near-unlimited set of computing resources to power their distributed applications through its parallel computing technology. This ensures security, stability, and scalability to execute large parallel applications in a cost effective manner. Resources can be rented on public peer-to-peer marketplaces. The platform also offers interoperability with various other infrastructures and technologies (such as eScience). This large scale data processing and data management cloud infrastructure will be available to anyone who is able to rent it.
iExec RLC (RLC) is the token of the iExec platform that is used to pay for the resources on its market network.