>CCC (Intel, IBM, Microsoft, Google, Alibaba, iExec) and Hyperledger (Linux Foundation) converging >Hundreds of companies in Hyperledger (Walmart, SAP, Baidu, etc...) You know the drill about Hyperledger, but wait these are not simply IBM/Google/MS, it's IBM Cloud, Google Cloud and Microsoft Azure.
Now Hyperledger Avalon, what's this? > Hyperledger Avalon is born from Trusted Compute Framework (TCF) which is a ledger independent implementation of the Trusted Compute Specifications published by the Enterprise Ethereum Alliance. TCF is solving an issue with privacy and data. Avalon is the most sponsored and fastest growing brick of Hyperledger, it’s what all big companies look at while rubbing their hands.
What does it do? Ethereum and Hyperledger are alright to compute few lines of codes. For example an Ethereum smart contract is limited to 24kb, which is absolutely nothing (that's 5 times less memory than the first Gameboy) and for a reason every computation done on Ethereum must be done on the 25 000 other nodes of the network all running on hardware with a different processing power. The issue with that is that you can't put a ressource intensive Dapps on the blockchain, remember how something as small as Cryptokitty clogged Ethereum for example. So a decentralised youtube/spotify/netflix/etc… are NEVER going to happen with onchain computations.
What's the obvious solution to that? Having an external machine (called a "worker") that isn’t a node doing the heavy lifting (called a "job") offchain for the Dapp (the "requester"), but this brings another problem: how do you verify the computations can be trusted? That's where TCF enters the picture because you can verify they executed the valid code and didn’t, mostly by verifying hashes, not only that but the datas remain encrypted through the processing at the hardware level, that’s what SGX is all about, the owner of the machine can’t peek at the datas if the owner of the datas doesn’t want to.
The thing is that you still need multiple workers to work on the same job and compare the resulting hashes, preferably you want to be sure these actors don’t collide so having one entity doing all the computation is a big no. That’s where iexec enters the place because they provide a neutral ground where: a) requesters (Dapp devs and users) can find multiple entities to process the same job simultaneously and aren’t relying on a single party b) workers from all around the world can maximize their uptime by loaning their computing powers to whoever needs it c) requesters benefit from the workers competing on a global marketplace to have the best price
Today let's say you're a company like airBnB and you're using AWS to run your infrastructure, you're accumulating a lot of precious datas on where people go in vacation, what type of surface they rent, where they rent it, for how long, etc... Think a million of different parameters, In short a goldmine in terms of analytics for real estate companies. There are two issues with this though: 1) AWS literally knows everything about it too since they have access to all the datas in clear when they process it 2) You can't really monetize the data-set without revealing it.
TCF solves this: now Bezos can’t look above your shoulders anymore and if he tries he will merely see gibberish, but in bonus you can monetize the data-set to everyone. A chinese tourism company wants to buy some real estate in Germany? They pay to use dataset to get a map of where they rent. McDonald is wondering which district has the highest concentrations of tourists whose profiles match the typical clients? They do the same. I used big companies for you to get the idea, but the reality is that a shitton of startups and small to average companies would benefit from this for decision making. The only practical environment is a decentralised global market, aka: iexec.
Data is the new gold and processing power the new oil. Up to now the conundrum was that companies were accumulating a shitton of datas but they didn’t want a competitor getting their hands on them by proxy (think Uber selling its datas to Walmart who then resells in its back to Lyft or some much more complex fuckery). A decentralised open and global marketplace with TCF solves everything, not only that but it solves a lot of regulatory issues too, like with GDPR because datas can be monetised without companies trading informations on individuals.
Now all of this could sound like pipedream… until you realise where exec positioned itself in the CCC and Avalon: >What does iexec do? >iExec: 4 contributors will develop Ethereum smart contracts, integrate TEE options that support most of the the mainstream programming languages and native applications, and improve Avalon easy-of-use for developers (wiki.hyperledger.org/pages/viewpage.action?pageId=16324764) That's right, iExec controls the Ethereum gateway for all these applications to flourish.
Is it a known issue within cloud computing that Amazon and Google are peaking at data on nodes. I know a bit about the industry and I’m sure that’s a big fukin no no. I really liked your explanation tho it explained iexec well
Blake Richardson
Are you going to post this on twitter?
Ryan Thompson
This entire thread of copy pastas will be flooding biz forever watch
John Collins
and that's a good thing.
Lucas Peterson
Yeah it will help some anons become rich. The fights not over dudes we still need to shill Twitter to feed the acceleration.
If we get iExec adopted we can literally change the course of the universe and the world.... Methanon was onto something big
Jordan Cox
Bumps bunk bunni num l bump poop poop Pop poop pee pee
I saw a comment in another thread Real Link Coin
Jayden Rogers
Someone please format this and post it on twitter, if not I'll try to repost this there, I'm a social media brainlet desu, can't make this fit in a twitter thread.
Daniel King
The whole thread? Can't you just copy the link
Adam Barnes
Jesus RLC is so fucking based RLCbro and Methanon too Being rich as fuck has never been this easy
William Hughes
Does anyone think this will dip below $1.10 again? Or are we pumping nonstop to $2??
Aaron Young
Why the fuck you worry about 20c when its value is 100x-1000x
