iExec Inks Partnership with French Energy Giant EDF to Overhaul Infrastructure

www.express.co.uk

Decentralized cloud computing project iExec has revealed a collaboration with one of the world’s biggest utility firms. The French energy mogul EDF wants to streamline its cloud-based infrastructure by developing an application on the Ethereum blockchain.

GPUSPH will purportedly take advantage of “the decentralized cloud.” The app deals with Ethereum’s scalability issues by guaranteeing that any heavy computing is carried out off-chain.

The fifth biggest utility company in the world has revealed a collaboration with the decentralized cloud computing company iExec. The two have developed an application dubbed as GPUSPH and implemented it on the Ethereum blockchain.

A press release published by iExec states that GPUSPH will be utilized to model fluids used by the energy supplier. The study intends to further maximize how dams are constructed, together with lava cooling techniques.

The release specifies how iExec will be utilized to address the limitations of Ethereum in terms of scalability. It says that the “heavy computing… is done off-chain and does not overwhelm Ethereum.”

The Ethereum blockchain is subsequently utilized in order to find a consensus on the validity of results and a hash is kept on the blockchain.

EDF purportedly stands to take advantage of improved network resilience, transparency, and performance by opting to use the blockchain solution offered by iExec.

EDF blockchain engineer Gilles Deleuze commented about the new collaboration:

“In a wider perspective, the development of distributed computing is a credible scenario for the future, and blockchain may be a nice lever in this scenario. The plan is to continue with other open scientific codes requiring possibly other types of worker pools.”

The release further notes that this is the first project of many experiments that the two companies will work on.

Launched in April 2017, iExec has its own native token that can be used to pay for the services of the company.

With the announcement, it was anticipated that iExec RLC (RLC) to be one of the best performers of the day, but this has not been the case. RLC is currently trading at $0.44 according to CoinMarketCap and is down 3.09% for the day.