Lyon, France, June 4, 2024, Chainwire
iExec’s latest growth instrument permits Web3 builders to construct purposes that enhance customers’ management over their digital belongings and maximize monetization potential.
iExec, a platform firm for constructing, proudly owning and monetizing the Web3, has introduced the discharge of an replace to its DataProtector growth instrument, dubbed the “Monetization Model.” This newest innovation represents an replace that provides Web3 builders, DApp customers, and content material creators new strategies of digital asset administration and monetization.
Since its founding in 2016, iExec has been a pioneer in providing options that prioritize the safety of knowledge and its property. The up to date “Monetize Model” of DataProtector reaffirms iExec’s dedication to innovation, offering highly effective instruments that empower builders to return management of digital belongings to their customers. The improved instrument permits decentralized utility (DApp) customers to maximise the monetization potential of their knowledge, content material and different digital belongings.
Simplifying DApps growth with superior person possession and monetization management
Primarily based on the unique iExec DataProtector developer instrument, the brand new model introduces the DataProtectorSharing module. It expands the toolbox with new SDKs that provide a variety of monetization methods that simplify the sharing, distribution and monetization of digital belongings. Transactions are secured by Confidential Computing’s {hardware} encryption and orchestrated via a specialised DataProtectorSharing iExec sensible contract. Monetization is optimized via using RLC, iExec’s proprietary cryptocurrency, making certain safe and clear transactions on the community.
The “monetize model” of DataProtector permits DApp customers to regulate their knowledge
- Possession: Customers can encrypt their knowledge with possession registered on the blockchain, making certain they continue to be in management.
- Trade: Customers can grant entry to approved purposes and securely share knowledge with out danger.
- Monetization: Customers have choices to lease, promote, or bundle their digital belongings into subscriptions, offering monetization flexibility.
This replace introduces superior monetization choices designed to extend the worth of digital belongings whereas sustaining management and safety. Customers have the flexibleness to take part safe trade of its digital belongings with approved individuals with out prejudice to possession. Furthermore, belongings may be leased for specified durations, permitting knowledge or content material house owners to earn whereas retaining possession rights. Protected sale choices permit customers to switch possession of knowledge or digital belongings to consumers, who then take full management of their use on the blockchain stage. Subscription bundle aimed toward potential income by offering entry to curated knowledge collections for a pre-determined price. These versatile monetization choices intention to allow Web3 customers to get essentially the most out of their knowledge or another digital belongings, whereas offering ongoing management and safety.
“The DataProtector developer instrument is totally consistent with our mission to empower Web3 customers to optimally monetize what they personal. Builders can create actually distinctive Web3 purposes that prioritize person possession, privateness, and monetization. It revolutionizes the Web3 expertise and units a brand new commonplace within the decentralized economic system.” – Gilles Fedak, CEO of iExec
The spotlight of this replace is its streamlined strategy to safe knowledge sharing and RLC acquisition. Distribution channels are arrange prematurely, permitting customers to self-initiate sensible contracts, eliminating the necessity to personally handle every transaction. This course of makes use of a mix of blockchain and confidential computing utilizing Intel SGX Trusted Execution Environments (TEE) to make sure end-to-end encryption and knowledge safety even throughout processing.
Affect on the Web3 neighborhood
The brand new “monetized model” of DataProtector’s growth instruments considerably enriches the Web3 neighborhood by enhancing interoperability and collaboration. This innovation helps a extra dynamic and interactive ecosystem the place customers can confidently handle, share and monetize their digital belongings. By selling a tradition of collaboration and innovation, this instrument contributes to the collective progress and dynamism of the Web3 panorama.
About iExec
iExec is designed for Web3 builders who consider that customers ought to have full management over the possession of their knowledge. By creating superior decentralized developer instruments, iExec permits builders to construct Web3 purposes that prioritize knowledge possession, privateness, and monetization.
With clear entry to TEE infrastructure (reminiscent of Intel SGX) and superior confidential computing, iExec ensures that knowledge stays safe throughout processing, even from the operators of the nodes themselves. This safe framework provides customers full management over their knowledge, figuring out who can entry it and for what function. iExec additionally facilitates knowledge possession via NFTs, permitting customers to monetize their digital belongings via promoting, renting or providing subscriptions. With direct monetization constructed into the protocol, builders earn RLC each time their app is used. Suitable with well-liked programming languages, iExec affords the flexibleness and sturdy safety you might want to pioneer the Web3 future. For builders who worth privateness, possession and monetization, iExec offers a compelling platform.
Builders and creators can go to the iExec Developer Portal for detailed documentation and tutorials on the DataProtectorSharing module.
Builders and creators may also comply with iExec on X to maintain updated with developments and developer funding alternatives.
Contact
Communications Supervisor
Tina Fahimi
iExec
[email protected]