iExec RLC (RLC)

iExec Token Profile (PDF)

iExec is an open source, blockchain-based platform that enables Decentralized Ethereum Applications, or Dapps, to access off-chain cloud services. The purpose of the RLC token is to facilitate payment between cloud service providers and the smart contract powering the Dapp. The iExec protocol also aims to automatically match smart contract developers with providers, such as AWS or Microsoft Azure. It was developed under the premise that developer demand for cloud services will outpace what can be provided by existing projects, such as Golem, Sia or Stor.j. The project raised $12M in its 6-hour token sale in April 2017, making it the 5th largest at the time. The iExec project joined the Enterprise Ethereum Alliance in June 2017.