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While today has been a great day for many altcoins on Binance, iExec has soared above the rest, by posting tremendous gains on the exchange. According to Crypto Squawk:

“iExec RLC has soared 50.14% since 1 pm (chart). In the afternoon most tokens and coins rose slightly. The coins represented by 2100NEWS DA Coin Index are 0.31% higher than at 1 pm. Bitcoin is 0.09% higher, Ether has fallen 0.48% since 1 pm. $BTC $ETH #crypto #CryptoNews”

That’s a massive rise for any altcoin in the given space of time.

However, as a previous article on RLC, there shouldn’t be any surprise to the gains achieved by this project.

While it has admittedly flown under the radar in terms of the more popular projects, RLC has quietly continued to develop their ecosystem and has recently announced collaborations with two major industry titans.

iExec was invited by Intel to attend RSA Conference USA 2019 and moved forward their partnership with Intel and Alibaba Cloud.

The RSA Conference is the world’s leading information security event. Every year some of the biggest companies within security gather at the conference to find security solutions for cyber threats.

According to a Medium post, Intel and Alibaba Cloud were both at the event. Alibaba is providing Encrypted Computing, powered by Intel® SGX, to support the iExec Trusted Execution Environment (TEE) solution. This iExec TEE solution provides end-to-end protection of data for blockchain-based computing.

“On the Marketplace, iExec has deployed multiple ‘worker pools,’ giving requesters of computation the choice on which machines power their applications and services. The iExec Trusted Execution Environment (TEE) solution can now be run on the Alibaba Cloud trusted worker pool.”

iExec has already deployed a medical application that allows a hospital to ‘rent out’ their medical data to a neuro research center. The research center uses the application to study Alzheimer’s disease.

The iExec TEE solution and Alibaba’s SGX-based instances used so that the hospital can only ‘rent-out’ the private data without losing the ownership of these data, all while the data stays protected within an Intel SGX hardware enclave, provided through iExec by Alibaba’s secure cloud machines.

This means that no third party can compromise the data.

This is a project that is making great strides in their developments, as their imminent launch of iExecV3 is sure to display.