Lyon, France, June 4, 2024, Chainwire
iExec’s latest developer tools provide Web3 developers with the power to build applications that enhance users’ control over their digital assets and maximize profit potential.
iExec, the company behind the platform for building, owning, and monetizing Web3, has announced the launch of an upgraded version of its DataProtector development tool, called "Monetize Version." This latest innovation introduces an upgrade that provides Web3 developers, DApp users, and content creators with new ways to manage and monetize their digital assets.
Since its founding in 2016, iExec has been a pioneer in providing solutions in data protection and ownership. The updated DataProtector "Monetize Version" once again demonstrates iExec's commitment to innovation, providing powerful tools that enable developers to return control of digital assets to users. This enhanced tool enables decentralized application (DApp) users to maximize the monetization potential of their data, content and other digital assets.
Simplifying DApp development by increasing user ownership and monetization control
Building on the original iExec DataProtector development tool, this new version introduces the DataProtectorSharing module. This expands the toolkit with a new SDK for a range of monetization strategies, simplifying the sharing, distribution, and revenue of digital assets. Transactions are protected by confidential computing hardware encryption and orchestrated by iExec's dedicated DataProtectorSharing smart contracts. Monetization is securely and transparently traded on the network using iExec's native cryptocurrency, RLC.
DataProtector “Monetize Version” lets DApp users control their own data
ownership:
Users can register ownership using blockchain to encrypt their data, ensuring they maintain control.
shared:
Users can authorize applications to access and securely share data without exposing it.
Monetization:
Users can choose to rent, sell, or bundle their digital assets into subscriptions for flexible monetization.
The upgrade introduces advanced monetization options designed to enhance the value of digital assets while maintaining control and security. Users have the flexibility to securely share their digital assets with authorized parties without giving up ownership. Additionally, users can rent out assets for a specified period of time, allowing data or content owners to earn revenue rights while maintaining ownership. Secure selling options allow users to transfer ownership of data or digital assets to interested buyers, who fully control their use at the blockchain level. Subscription bundle plans provide access to curated data sets for a fee, enabling potential revenue. These versatile monetization options are designed to allow Web3 users to extract the most value from their data or any other digital asset, while ensuring continued control and security.
The uniqueness of this upgrade lies in its simplified method of sharing protected data and obtaining RLC. The distribution channels are set in advance, enabling users to independently initiate smart contracts without the need to personally manage each transaction. This process utilizes a combination of blockchain and confidential computing, using the Intel SGX Trusted Execution Environment (TEE) to ensure that data remains end-to-end encrypted and secure at all times during processing.
Impact on the Web3 community
The new "Monetize Version" of the DataProtector development tool greatly enriches the Web3 community by adding more interaction and collaboration. This innovation supports a more dynamic and interactive ecosystem where users can confidently manage, share, and monetize their digital assets. By promoting a culture of collaboration and innovation, this tool contributes to the collective growth and vitality of the Web3 space.
About iExec
iExec is a platform that provides Web3 developers with full control over their data ownership. By creating cutting-edge decentralized development tools, iExec empowers developers to build Web3 applications that value data ownership, privacy, and monetization.
By transparently accessing TEE infrastructure (such as Intel SGX) and advanced confidential computing, iExec ensures that data remains secure at all times during processing, inaccessible even to node operators. This security framework provides users with full control over their data, deciding who can access it and for what purpose. iExec also enables data ownership through NFTs, allowing users to monetize their digital assets by selling, renting, or offering subscriptions. With a monetization protocol built directly in, developers earn RLC every time their application is used. iExec is compatible with popular programming languages and provides the flexibility and strong security necessary to pioneer the future of Web3. iExec is a compelling platform for developers who value privacy, ownership, and monetization.
Developers and creators can visit the iExec Developer Portal for detailed documentation and tutorials for the DataProtectorSharing module.
Developers and creators can also follow iExec on X to stay up to date on updates and developer funding opportunities.
Contact Details
Tina Fahimi, Communications Manager
iExec
[email protected]