Announces Its Cryptocurrency Crowdsale to Launch the First Distributed Cloud Platform Announces Its Cryptocurrency Crowdsale to Launch the First Distributed Cloud Platform, the distributed cloud platform for the future internet announces cryptocurrency crowdsale, scheduled for April 12, 2017. Announces Its Cryptocurrency Crowdsale to Launch the First Distributed Cloud Platform

Buz Investors Announces Its Cryptocurrency Crowdsale The distributed cloud computing platform, has announced the schedule for its upcoming cryptocurrency crowdsale. The token sale will go live on April 12, 2017, at 1300 (GMT). Through this crowdsale, the project aims to raise funds required to create a distributed cloud environment to meet the rising need for computationally intense and decentralized business practices. is looking to raise a sum of $2 million through the upcoming crowdsale, which will be used to cover’s development and launch costs. Participants in the crowdsale can contribute in BTC or ETH to become eligible for RLC tokens, the native currency for the cloud network. The platform’s launch is set for some time later in 2017 along with off-chain computation capabilities to support distributed applications (DApps).

OTHER STORIES BUZ TRADERS FOLLOW Announces Its Cryptocurrency Crowdsale

The Business Network

The system works by tethering computers together to create one giant network of computing resources. The use of this technique, referred to as Desktop Grid Computing has so far been restricted to academic institutions. Now, with the introduction of blockchain technology, is making this type of network computing open and available for public and enterprise use.

The Ethereum blockchain, specifically smart contracts, act as a management system for the network. It allows users to monetize their participation, automating payment transactions for the give and take of services. Unlike existing cloud providers, business on the cloud can take place securely and without any central authority. aims to create a native environment for a new generation of businesses to thrive. As CEO and co-founder Gilles Fedak explains;

“The simple truth is that centralized cloud services are falling behind current demand for computing resources. The team knows this through our work at the leading edge of distributed and cloud computing. With blockchain we see how a new paradigm of cloud computing is not just possible but absolutely essential, to meet the current needs of cloud SaaS, PaaS and IaaS markets, and to meet the needs of the next wave of innovation such as High Performance Computing, Artificial Intelligence, Internet of Things, Blockchain Computing and other forms of distributed business. “

The cloud sets in motion a network for computationally intensive and decentralized businesses but in the spirit of open access, the cloud platform will be free for anyone to join. Rather, it’s revenue model will center on a range of premium features for enterprise users. The team plans to release a set of ready-made smart contracts to help users get started. Team has been under development for over a year now. In that duration, the core team consisting of distributed and cloud computing experts, blockchain developers, business consultants, and marketers have grown. Earlier last month, the team released a proof of concept where anyone can submit computation to the cloud via blockchain. The project is led by well-respected researchers, Gilles Fedak (Ph.D.) and Haiwu He (Ph.D.) who have worked at the highest levels of their specialisms in distributed computing, HPC and cloud systems design.

Fedak explaining the team and platform’s strengths said,

“ is a natural progression for us. We have a unique experience in designing and establishing real distributed computing infrastructures such as the European Desktop Grid Infrastructure and supporting the most demanding scientific applications like the CERN. Furthermore, we have a long history of industrial partnerships with Airbus, Total, BNP Paribas, Orange and many start-ups as well. From these experiences, we have come to understand where the commercial opportunity lies, and what’s more important is that we know how to get there. We will be first to market with the distributed cloud since our tech is already well developed and we are super excited to release it to the world.”

Gilles Fedak will be presenting at the BlockchainUA conference in Kiev on March 17, 2017. Another presentation will soon follow at the Berlin Blockchain Expo scheduled on June 1 and 2, 2017.

The upcoming crowdsale will run until May 12, 2017 (1300 GMT) with a 20% bonus for early investors.

Tech Stocks ( GOOG)   (MSFT ) ( AAPL ) (BBRY ) ( gopro )  ( WDC ) Blockchain Cloud Computing Platform Releases Its Whitepaper Blockchain Cloud Computing Platform Releases Its Whitepaper Blockchain Cloud Computing Platform Releases Its Whitepaper is inventing the internet of the future by developing its first Blockchain-based, fully distributed cloud computing platform. Blockchain Cloud Computing Platform Releases Its Whitepaper

December 26, 2016, Lyon France — has released the very first version of its whitepaper showcasing the future of Internet. The document offers a detailed description of’s vision, the market, development roadmap and the upcoming crowd sale of its tokens scheduled for January 17, 2017. which stands for “I Execute” is a French/Chinese company headquartered in Lyon, France with an office provided by Tsinghua University X-elerator. The platform was first introduced at the Ethereum Devcon2 conference held in Shanghai, China in September 2016. The team also successfully showcased a demo of the platform at the Super Computing Exhibition 2016 held in Salt Lake City, USA.

With the platform, aims to provide Blockchain based distributed applications a scalable, secure and easy access to the computing resources required for their execution. It uses the blockchain to organize a market network where everyone can monetize their servers, applications, and data-sets. This technology extends the Ethereum smart contracts allowing the creation of virtual Cloud infrastructure that provides High-Performance Computing (HPC) services on-demand. bloc leverages a set of research technologies that have been developed at the INRIA and CNRS research institutes in the field of Distributed and Parallel computing. relies on XtremWeb-HEP, a mature, solid, and open-source software which implements all the needed features viz. fault-tolerance, multi-applications, multi-users, hybrid public/private infrastructure, deployment of virtual images, data management, security and accountability, and more.

The new Proof-of-Contribution protocol being developed by allows off-chain consensus. With the Proof-of-Contribution protocol, external resource providers can have their resource usage certified directly on the Blockchain. aims to deploy a scalable, high-performance, secure and manageable infrastructure sidechain that will promote a new form of distributed governance, implying key HPC, Big Data, and Cloud industry leaders.

The team believes in a future of decentralized infrastructure and market network, where Big Data, HPC, IoT, and AI applications, highly valued data-sets, and computing resources (storage, CPU, GPU etc.) will be monetized on the Blockchain with the highest level of transparency, resiliency, and security. will be the key platform powering this future.

About is a follow-up to the CloudPower project, which was supported by the French National Research Agency (French), the University of Lyon, the French National Institute for Research in Computer Science (INRIA), the University of Paris XI, and the French National Center for Scientific Research (CNRS).

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