NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Reaches Forecasted All-Time High: Prophecy Predicts Bear Market Low In 364 Days
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Reaches Forecasted All-Time High: Prophecy Predicts Bear Market Low In 364 Days

iExec to Work with France’s Largest Utility Company to Streamline Infrastructure with Ethereum App

Rick Delafont
Rick Delafont
6 years ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Decentralised cloud computing project iExec has announced its collaboration with one of the world’s largest utility companies. The French energy giant EDF has deployed one of its compute-intensive applications on Ethereum, by making it run on iExec’s decentralized computing network.

GPUSPH will reportedly take advantage of “the decentralized cloud”. The app gets around Ethereum’s scalability issues by ensuring that any heavy computing is done off-chain.

EDF to Build on Ethereum to Optimise Infrastructure

The fifth largest utility company on earth has announced a partnership with the decentralised cloud computing firm iExec. The two have built out an application known as GPUSPH and deployed it on the Ethereum blockchain.

According to a press release by iExec, GPUSPH will be used to model fluids used by the energy supplier. The research aims to further optimise how dams are constructed as well as lava cooling techniques.

EDF is France’s largest and the planet’s fifth largest utility company.

The release goes on to detail how iExec will be used to address the shortcomings of Ethereum with regards scalability. It states that the “heavy computing… is done off-chain and does not overwhelm Ethereum.”

The Ethereum blockchain  is then used to find a consensus on the validity of results and a hash is stored to the blockchain.

EDF reportedly stands to benefit from increased network resilience, performance, and transparency by choosing to work using the blockchain solution provided by iExec.

Gilles Deleuze, the blockchain engineer at EDF stated the following of the new partnership:

“In a wider perspective, the development of distributed computing is a credible scenario for the future, and blockchain may be a nice lever in this scenario. The plan is to continue with other open scientific codes requiring possibly other types of worker pools.”

The release goes on to state that this is the first of many proposed experiments that the two companies will work on.

Has the iExec Token Price Responded Favourably to the Partnership?

Despite having no discernible use other than to pay for the services of the company itself, iExec has its own token. It was launched via initial coin offering (ICO) in April 2017.

Although spending much of 2019 in a gradual ascent, the last couple of week have seen the price bleed from a yearly high of over 88c down to just less than 48c at the time of writing.

With such a large partnership being announced, you would have expected iExec RLC (RLC) to be one of the best performers of the day on overall green day across the market. However, this has not been the case. Apparently, it will take more than a partnership with one of the planet’s largest energy suppliers for iExec bag-holders to finally get to off load their holdings.

 

Related Reading: Passive Revenue Opportunities in Decentralized Computing Resources Industry

Featured Image from Shutterstock.
Tweet123Share217ShareSend
Rick Delafont
Rick Delafont

Rick Delafont

Based in Europe, Rick has written about the cryptocurrency industry since 2016. He was first drawn to Bitcoin as a means of payment but quickly became fascinated by its wider potential implications. His interests lie in the political, economic, and social impact of the unfolding digital asset revolution.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

pi network price market prediction

Pi Network: Νέα πτώση στην τιμή την επόμενη εβδομάδα; Το ChatGPT προειδοποιεί

Η κοινότητα του Pi Network βιώνει μία από τις πιο δύσκολες στιγμές της μετά την επίσημη κυκλοφορία του token στα...

Ιωάννης Ριζόπουλος 2 hours ago
Crypto crash news

Crypto Crash Triggered By Binance Margin Exploit, Uphold Research Chief Claims

The Oct. 10–11 sell-off that erased an estimated ~$19–20 billion across crypto within 24 hours has ignited a fierce post-mortem...

Jake Simmons 2 hours ago
Bitcoin Fear & Greed Index

Bitcoin Fear & Greed Index Crashes To Lowest Level In 6 Months, Is A Market Rebound Coming?

Following the massive crash that Bitcoin and the entire crypto market suffered over the weekend, the Fear & Greed Index...

Scott Matherson 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Нью-Йорк

Coinbase запускает стейкинг Ethereum и Solana для жителей Нью-Йорка

dariajz 43 minutes ago
BTC

Обвал крипторынка на выходных: паника, ликвидации и шанс на перезапуск рынка

dariajz 50 minutes ago

Πρόβλεψη Grok για Dogecoin μετά το κραχ των 19 δισ. δολ. – Το Maxi Doge συγκεντρώνει επενδυτικό ενδιαφέρον

Ιωάννης Ριζόπουλος 1 hour ago

Premium Sponsors

Press Releases

  • 3 presale-uri cripto de urmărit în ianuarie 2025

    1 hour ago
  • 3 presale-uri cripto de urmărit în ianuarie 2025

    1 hour ago
  • 仮想通貨おすすめ:記録的な市場清算の中で今注目すべき投資先

    ...

    19 hours ago
  • リップル 今後の価格分析:42%急落後、回復水準を守れるか?

    リップル...

    20 hours ago
  • 今注目の仮想通貨プレセール3選:爆発的リターンが狙えるプロジェクト

    ...

    20 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.