Lyon, France, June 4, 2024, Chainwire
iExec’s newest improvement device allows Web3 builders to construct apps that enhance consumer management over their digital belongings and maximize monetization potential.
iExec, the corporate with a platform for constructing, proudly owning and monetizing belongings in Web3, has introduced the discharge of an improve to its DataProtector dev device, known as the ‘Monetize Model.’ This newest innovation introduces an improve that gives Web3 builders, DApp customers and content material creators with new methods to handle and monetize their digital belongings.
Since its founding in 2016, iExec has been a pioneer in providing options that prioritize knowledge safety and possession. The up to date DataProtector ‘Monetize Model’ confirms iExec’s dedication to innovation, offering highly effective instruments that give builders the means to return management of digital belongings to their customers. The superior instruments allow decentralized utility (DApp) customers to maximise the monetization potential of their knowledge, content material, and different digital belongings.
Simplifying the event of DApps with superior consumer possession and monetization controls
Primarily based on the unique iExec DataProtector developer instruments, this new model introduces the DataProtectorSharing module. It extends the toolkit with a brand new SDK that gives a spread of monetization methods that simplify sharing, distribution, and incomes from digital belongings. Transactions are secured by confidential computing {hardware} encryption and settled via iExec’s unique DataProtectorSharing sensible contract. Monetization is streamlined via using RLC, iExec’s native cryptocurrency, guaranteeing safe and clear transactions on the community.
DataProtector ‘Monetize Version’ offers DApp customers management over their knowledge
- possessionCustomers can encrypt their knowledge with possession registered on the blockchain, guaranteeing they maintain management.
- share: Customers can grant entry to licensed apps and share knowledge securely with none danger.
- Monetization: Customers have choices to lease, promote, or bundle their digital belongings into subscriptions, giving them flexibility in how they monetize.
This improve introduces superior monetization choices designed to boost the worth of digital belongings whereas sustaining management and safety. Customers have the flexibleness to opt-in Safe Sharing You possibly can share your digital belongings with licensed events with out compromising possession. Additionally, belongings might be collateralized employed for a specified time frame, permitting knowledge or content material house owners to monetize whereas retaining possession rights. Safe Sale Choices allow customers to switch possession of information or digital belongings to consumers, who then assume full management over their use on the blockchain stage. Subscription Bundles Targets potential income by offering entry to curated knowledge collections for a pre-determined price. These versatile monetization choices intention to let Web3 customers extract most worth from their knowledge, or some other digital asset, whereas guaranteeing continued management and safety.
““The DataProtector developer device aligns completely with our mission to allow Web3 customers to raised monetize what they personal. Builders can create actually distinctive Web3 apps that prioritize consumer possession, privateness, and monetization. It revolutionizes the Web3 expertise, and units a brand new commonplace within the decentralized financial system.” – Gilles Fedak, CEO of IXEC
What makes this improve distinctive is its streamlined method to sharing safe knowledge and incomes RLC. Distribution channels are already arrange, permitting customers to independently provoke sensible contracts, eliminating the necessity to handle every transaction individually. The method leverages a mix of blockchain and confidential computing, utilizing the Intel SGX Trusted Execution Setting (TEE) to make sure that knowledge stays end-to-end encrypted and safe even throughout processing.
Influence on the Web3 group
The brand new ‘Monetize Model’ of DataProtector Dev Instruments considerably enriches the Web3 group by selling larger interplay and collaboration. This innovation helps a extra dynamic and interactive ecosystem, the place customers can confidently handle, share and monetize their digital belongings. By fostering a tradition of collaboration and innovation, this device contributes to the collective development and dynamism of the Web3 panorama.
About iExec
iExec is for Web3 builders who imagine customers ought to have full management over the possession of their knowledge. By creating cutting-edge decentralized developer instruments, iExec allows builders to construct Web3 purposes that prioritize knowledge possession, privateness, and monetization.
With clear entry to TEE infrastructure (comparable to Intel SGX) and superior confidential computing, iExec ensures knowledge stays safe throughout processing, even from the operators of nodes. This safe framework offers customers full management over their knowledge, deciding who can entry it and for what goal. 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 fashionable programming languages, iExec gives the flexibleness and powerful safety wanted to advance the way forward for Web3. For builders who worth privateness, possession, and monetization, iExec presents a pretty platform.
Builders and producers can go right here iExec Developer Portal For detailed documentation and tutorials on the DataProtectorSharing module.
Builders and producers may also Follow iExec on X To remain up to date on improvement and developer funding alternatives.
Contact
Communications Supervisor
Tina Fahmy
iExec
(email protected)
