Project Update #9 — 7 Key Takeaways from iExec V3 announcements, Listings and more
After the V3 release, let’s take a look back at all the recent announcements, releases and events in recent weeks.
On May 15th, iExec V3 smart contracts went live on Ethereum main net. This major annual milestone introduces a new Data Wallet that makes secure data renting possible. Along with V3 upgrades in security and reliability, for the very first time, individuals can connect to iExec and contribute their computing power to earn money. As part of V3, iExec also launched its Enterprise Edition for corporates wishing to do business with blockchain and announced a mainstream industry collaborators.
iExec also announced being ahead of schedule with the roadmap and that the next version, iExec V4, will be released sooner than planned - at the end of 2019.
7 Main extracts from the iExec V3 release news:
- Data Wallet (a new business model of data renting is now possible)
- iExec for Enterprise
- EDF energy deploys on iExec
4. Tech upgrades: Faster and More Secure. New and improved middleware, a bridge for sidechains, and decentralized brokering.
5. Decentralized Oracles with iExec
6. Public Worker Pools (individuals can become computing power providers)
7. iExec V4 coming earlier than planned — (ahead of schedule with the roadmap, V4 will be released at the end of the year)
iExec Public Worker Pool: A community event for iExec Workers
To stress test the new public worker pool, iExec recently held a special event for iExec Workers (individual computing power providers) on the platform. For a limited time, the number of tasks for the public worker pool was increased, with over 7,000 RLC worth of orders placed on over 24 hours on the iExec Marketplace.
Over 240 machines were connected to the public iExec Workerpool, live on Ethereum main net, executing computational tasks for RLC tokens.
Read more about the public worker pool and find out how you can join:
New Listing for the RLC Token
iExec RLC token was listed on KyberNetwork, now accessible through KyberSwap and other platforms through their decentralized on-chain liquidity protocol, such as MyEtherWallet, imToken, Trust Wallet, Easwap, and many others. Read the Kyber Network blog:
External Security audit by ChainSecurity on iExec V3 smart contracts:
The iExec V3 contracts went public on May 15. One year since V2 mainnet, it was important to once again carry out an audit on the security, trust and overall design of the new V3 smart contracts before going live. The updated code underwent an independent and external review. Chainsecurity are known for recently identifying the critical flaw before the Ethereum Constantinople fork. Take a look at their findings on iExec:
Overall, we found that iExec employs good coding practices and has clean, well-documented code. All properties verified by CHAINSECURITY hold. However, CHAINSECURITY raised minor security and design issues, which have been fixed in the latest code commit. — ChainSecurity
EDF: Collaboration and Adoption Updates
iExec announced a collaboration with, EDF, one of the world’s major electric utility companies (one of the biggest in Europe, a French electric utility company) As part of the iExec V3 release on May 15. EDF will use iExec resources to power an application. The company has been looking to get involved with an Ethereum-based project and use the RLC token.
Big Announcements during Consensus
iExec co-announced the release of the official EEA Off-Chain Trusted Compute Specification V1.0. The document is intended to be the industry standard for blockchain-based trusted computation. As the chair of the Trusted Compute Working Group in EEA (Enterprise Ethereum Alliance), iExec, Intel and ConsenSys, were the three main authors of the specification
Click here to read the official specification document:
Or read on the iExec Blog:
Token reviews and ratings
Since iExec V3, TokenInsight updated their full review report to include details of new features and partnership.
With a BB status, on the TokenInsight website, iExec is ranked alongside some of the more major projects in the crypto space.
Research Contributions to BinanceLabs
iExec developer and engineer of the PoCo consensus protocol, Hadrien, recently became a research fellow with BinanceLabs.
The iExec V3 Release Tour (Past Events)
In May, iExec was invited to speak at numerous events as we carried out a ‘release tour’ as part of the iExec V3 release. A summary of what events were attended, and where we’ll be going next: These events were an occasion to present the new solutions from iExec.
Upcoming Events
Although the initial release month is over, there are many more events planned to promote the project, give practical iExec dev workshops and spread the word about what’s upcoming:
Blockchain Breakfast with iExec @ H7, Lyon, July 5
APRIL Meetup, Lyon, 25 June
AFCB Meetup, Paris, 29 June
Asseth/iExec Workshop, Lyon, 2 July
Web3 Summit, Berlin, 19–21 August
Dappcon, Berlin 21–23 August
Devcon5, Osaka, October 8–11
Media Mentions
There were also well over 30 publications mentions surrounding the V3 release and EDF collaboration. Here are some examples:
CoinDesk published about iExec collaboration on the day of V3 release:
Coin Bureau released an extensive and in-depth interview with iExec CEO Gilles Fedak to celebrate iExec V3:
Flipside NL and Blog (FCAS rating)
RLC FCAS rating climbed 22.11% over the last 30-days. Led by a 199-point (52.79%) increase in User Activity, the project also claimed an 80-point (11.2%) spike in Developer Behavior and a 60-point (10.02%) bump in Market Maturity. Read more on their blogpost:
Blockfolio
EthNews
News BTC
Before V3, Gilles Fedak, CEO, was interviewed by EAK TV
What’s next?
Before iExec V4 (High-performance computing version with GPU integration) at the end of 2019, we’ll be giving more details on the developments of each of the recent announcements as well as more adoption news. To be the first to know and get exclusive updates, subscribe to the iExec newsletter and follow on social media.
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