iExec provides distributed applications running on the blockchain a scalable, secure and easy access to the services, data-sets, and computing resources they need. iExec RLC technology relies on Ethereum, which allows it to build a virtual Cloud infrastructure that provides high-performance computing services on demand. The chain uses the Proof of Contribution consensus mechanism or PoCo protocol. Its function is to provide consensus externally to the chain, in addition to allowing the incorporation of oracles to the iExec infrastructure.
Started in 2017, iExec is an ambitious project, aiming to build an entire ecosystem of decentralized cloud computing. Led by an experienced team in distributed computing, they have delivered for a few years now and secured multiple strong partnerships along the way. They are still showing a lot of activity looking at their public repositories. In their early stages, they were focused on providing computation to dApps developers, but later turned their business plan more towards enterprise use, which is something that takes more time in terms of technology adoption. Their RLC token is trading on both centralized (Coinbase, Binance) and decentralized (Uniswap) exchanges.