iExec to release the next version of its Cloud solutions platform

The Ethereum Cloud solution for dApps iExec is advancing into v2.0 on May 31 and introduces Cloud Marketplace
28 April 2018   870

iExec, the project that deals with the cloud solution for dApps and provides blockchain-based decentralized cloud computing has announced the release date of it Cloud Marketplace – May 31. iExec v2.0 will feature fully operational marketplace platform network accompanied with the PoCo algorithm that, in its essence, enable the first decentralized cloud.

At iExec we do believe in decentralized economy, and we are proud to build the next Internet that will support your business in this new ecosystem.

 

Gilles Fedak

CEO & founder, iExec

To be more specific, the marketplace will allow the trading of computing resources as commodities. The key point of the upgrade is the ability for computing resources to join iExec network. Up to now, off-chain computations with iExec were performed on the project's own machines and dApp developers had to trust iExec for the correct execution.

In the marketplace users will be able to choose from different worker pools, see their prices and select the most suitable pool for their needs. Among other features there will be Pay-per-Task pricing method and Proof-of-Contribution consensus protocol elaboration. More details on the update can be found here, and the project page can be studied here. At the moment of publication, iExec market parameters are as follows

  • Average price:  $1.57
  • Market cap:       $126,069,863
  • Volume (24H):   $2,254,410

 

Bakkt to Release Consumer App This Year

The app can be used for a wide range of tasks, e.g., crypto and securities trading, virtual goods purchase, etc
23 January 2020   102

Institutional Investor Platform Bakkt will release an app for retail investors this year, with which users can pay with cryptocurrency.

According to the president of Bakkt Adam White at the World Economic Forum in Davos, the application can be used for a wide range of tasks. In addition to trading cryptocurrencies, it will support various virtual “goods” like points of loyalty programs.

In addition, in the future it is possible to add securities trading, as well as the creation of a portal for shops and merchants. That is, the application will be more like a traditional fintech product like PayPal than a solution from a cryptocurrency exchange.

Although the Bakkt platform was originally created for institutional investors, the new director of Mike Blandina is very serious about entering the retail market. Earlier, he said that the application for retail investors should be released in the first half of 2020.

I do not think we are there yet. What gives me optimism is that we are seeing a lot of developer interest. I am confident that someone is going to find something.

 

Adam White

President of Bakkt

 White added that the cryptocurrency market is still underdeveloped.