iExec (RLC) Partners with Alibaba Cloud and Intel

“iExec moves forward with their collaboration with Alibaba Cloud and Intel! You can learn more about the Data Monetization use case and RSA Conference.” Read More — Blair Maclennan, International Community Manager

Summary

iExec is building a blockchain-based marketplace for trading cloud computing resources and was invited by Intel to attend the U.S. RSA Conference on information security.

The collaboration between Alibaba Cloud and iExec was covered in a talk by Xiaoning LI, Chief Security Architect at Alibaba Cloud.

Alibaba Cloud now provides encrypted computing, powered by Intel® SGX, to support the iExec Trusted Execution Environment (TEE) solution. The TEE solution provides end-to-end protection of data for blockchain-based computing.

Specifically, on Alibaba cloud, iExec deployed a medical application that allows a hospital to ‘rent out’ their medical data to a neuro research center.

Significance

Partnering with tech titans like Alibaba and Intel is a huge step for iExec. It demonstrates interest in their technology and proves there is a use case that improves data security can be monetized in multiple ways.

What is particularly interesting is that blockchain technology is enabling a hospital to ‘rent out’ their medical data. This allow for the monetization of the data, while retaining ownership and security of the data. The data is securely protected within an Intel® SGX hardware enclave provided through iExec by Alibaba’s secure cloud machines.

This ensures that no third party is able to inspect or copy the sensitive medical data (not even the research center). This type of monetization with technical control over data sets is a breakthrough enabled by blockchain technology. iExec’s upcoming V3 Enterprise release will fully enable this functionality.

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