iExec Launches Enhanced DataProtector: Revolutionizing Web3 Monetization & Possession

Lyon, France, June 4th, 2024, Chainwire

iExec’s newest dev device empowers Web3 builders to construct apps that improve person management over their digital property and maximize monetization potential.

iExec, the corporate with the platform to construct, personal, and monetize in Web3, has introduced the discharge of an improve to their DataProtector dev device, dubbed the ‘Monetize Model’. This newest innovation introduces an improve that gives new strategies for Web3 builders, DApp customers, and content material creators to handle and monetize their digital property.

Since its inception in 2016, iExec has been a pioneer in providing options that prioritize information safety and possession. The up to date DataProtector ‘Monetize Model’ reaffirms iExec’s dedication to innovation, delivering highly effective instruments that give builders the means to return management over digital property to their customers. The improved device permits decentralized software (DApp) customers to maximise the monetization potential of their information, content material, and different digital property.

Simplifying the Growth of DApps with Enhanced Person Possession and Monetization Management

Constructing on the unique iExec DataProtector developer device, this new model introduces the DataProtectorSharing module. This expands the toolkit with new SDKs providing a variety of monetization methods that simplify the sharing, distribution, and incomes from digital property. Transactions are secured by Confidential Computing {hardware} encryption and orchestrated through iExec’s specialised DataProtectorSharing sensible contract. Monetization is streamlined via using RLC, iExec’s native cryptocurrency, guaranteeing safe and clear transactions on the community.

The DataProtector ‘Monetize Model’ Places DApp Customers in Management of Their Knowledge

• Possession: Customers can encrypt their information with possession registered on the blockchain, guaranteeing they preserve management.
• Sharing: Customers can grant entry to licensed apps and share information securely with out publicity.
• Monetization: Customers have choices to hire, promote, or bundle their digital property in subscriptions, permitting flexibility in how they monetize.

This improve introduces superior monetization choices designed to reinforce the worth of digital property whereas sustaining management and safety. Customers have the flexibleness to interact in safe sharing of their digital property with licensed events with out compromising possession. Furthermore, property might be rented out for specified durations, permitting information or content material homeowners to earn whereas sustaining possession rights. Safe promoting choices allow customers to switch possession of information or digital property to consumers, who then assume full management over their use on the blockchain stage. Subscription bundle goals for a possible revenue by granting entry to curated information collections for a predetermined price. These versatile monetization choices goals for Web3 customers to extract most worth from their information, or some other digital property, whereas guaranteeing continued management and safety.

““The DataProtector developer device aligns completely with our mission to empower Web3 customers to optimally monetize what they personal. Builders can create actually distinctive Web3 apps that prioritize person possession, privateness, and monetization. It revolutionizes the Web3 expertise, and units a brand new commonplace within the decentralized economic system.”  – Gilles Fedak, iExec CEO

What distinguishes this improve is its streamlined method to sharing protected information and incomes RLC. Distribution channels are arrange upfront, permitting customers to provoke sensible contracts independently, eradicating the necessity to handle every transaction personally. This course of leverages a mix of blockchain and Confidential Computing, using Intel SGX Trusted Execution Environments (TEE) to make sure information stays end-to-end encrypted and safe, even throughout processing.

Affect on the Web3 neighborhood

The brand new ‘Monetize Model’ of DataProtector dev instruments considerably enriches the Web3 neighborhood by boosting larger interplay and collaboration. This innovation helps a extra dynamic and interactive ecosystem, the place customers can confidently handle, share, and monetize their digital property. By selling a tradition of collaboration and innovation, this device contributes to the collective progress and dynamism of the Web3 panorama.

About iExec

iExec is for Web3 builders who consider that customers ought to have full management over the possession of their information. By creating cutting-edge decentralized developer instruments, iExec empowers builders to construct Web3 purposes that prioritize information possession, privateness, and monetization.

With clear entry to TEE infrastructure (similar to Intel SGX) and superior Confidential Computing, iExec ensures that information stays safe throughout processing, even from the operators of the nodes themselves. This safe framework offers customers with full management over their information, dictating who can entry it and for what goal. iExec additionally facilitates information possession via NFTs, enabling customers to monetize their digital property through promoting, renting, or providing subscriptions. With direct monetization constructed into the protocol, builders earn RLC each time their app is used. Appropriate with common programming languages, iExec presents the flexibleness and strong safety important to pioneer the way forward for Web3. For builders valuing privateness, possession, and monetization, iExec presents a compelling platform.

Builders and creators can go to the iExec Developer Portal for detailed documentation and tutorials on the DataProtectorSharing module.

Builders and creators may also observe iExec on X to remain updated on developments and developer funding alternatives.

Contact

Communication Supervisor
Tina Fahimi
iExec
[email protected]