Lyon, France, June 4, 2024, Chainwire
iExec's latest development tool enables Web3 developers to create applications that improve user control over their digital assets and maximize monetization potential. iExec, the company with the platform to build, own and monetize on Web3, has announced the release of an update to its DataProtector development tool, called 'Monetize Version'. This latest innovation features an update that offers new methods for Web3 developers, DApp users, and content creators to manage and monetize their digital assets.
Since its inception in 2016, iExec has been a pioneer in offering solutions that prioritize data protection and ownership. The updated 'Monetize Version' of DataProtector reaffirms iExec's dedication to innovation, delivering powerful tools that give developers the means to return control over digital assets to their users. The enhanced tool allows decentralized application (DApp) users to maximize the monetization potential of their data, content, and other digital assets.
Simplifying DApp development with improved user ownership control and monetization
Building on the original iExec DataProtector development tool, this new version introduces the DataProtectorSharing module. This expands the toolset with new SDKs that offer a variety of monetization strategies that simplify the exchange, distribution and earning of digital assets. Transactions are protected by Confidential Computing hardware encryption and orchestrated through iExec's specialized DataProtectorSharing smart contract. Monetization is optimized through the use of RLC, iExec's native cryptocurrency, ensuring secure and transparent transactions on the network.
DataProtector 'Monetize Version' Gives DApp Users Control of Their Data
- Property: Users can encrypt their data with ownership recorded on the blockchain, ensuring they maintain control.
- Exchange: Users can grant access to authorized applications and securely share data without exposure.
- Monetization: Users have options to rent, sell, or bundle their digital assets into subscriptions, allowing them flexibility in how they monetize.
This update introduces advanced monetization options designed to enhance the value of digital assets while maintaining control and security. Users have the flexibility to participate secure sharing of your digital assets with authorized parties without compromising ownership. Additionally, assets can be rented for specific durations, allowing data or content owners to make money by maintaining ownership rights. Secure sale The options allow users to transfer ownership of data or digital assets to interested buyers, who then assume full control over their use at the blockchain level. Subscription package aims to earn potential revenue by granting access to selected data collections for a predetermined fee. These versatile monetization options aim to enable Web3 users to extract maximum value from their data or any other digital asset, while ensuring continuous control and security.
“The DataProtector developer tool aligns perfectly with our mission of empowering Web3 users to optimally monetize what they own. Developers can create truly unique Web3 applications that prioritize user ownership, privacy, and monetization.” “It revolutionizes the Web3 experience and sets a new standard in the decentralized economy.” – Gilles Fedak, CEO of iExec
What sets this update apart is its simplified approach to sharing protected data and obtaining RLC. Distribution channels are set up in advance, allowing users to initiate smart contracts independently, eliminating the need to manage each transaction personally. This process leverages a combination of blockchain and confidential computing, using Intel (NASDAQ:) SGX Trusted Execution Environments (TEE) to ensure data remains end-to-end encrypted and secure, even during processing.
Impact on the Web3 community
The new 'Monetize Version' of DataProtector development tools significantly enriches the Web3 community by driving greater 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 dynamism of the Web3 landscape.
About iExec
iExec is for Web3 creators who believe that users should have full control over ownership of their data. By creating cutting-edge decentralized development tools, iExec enables developers to build Web3 applications that prioritize data ownership, privacy, and monetization.
With transparent access to TEE infrastructure (such as Intel SGX) and advanced confidential computing, iExec ensures that data remains secure during processing, even from the node operators themselves. This secure framework gives users full control over their data, dictating who can access it and for what purpose. iExec also facilitates data ownership through NFTs, allowing users to monetize their digital assets by selling, renting, or offering subscriptions. With direct monetization built into the protocol, developers earn RLC every time their app is used. Compatible with popular programming languages, iExec offers the flexibility and strong security essential to pioneer the future of Web3. For developers who value privacy, ownership and monetization, iExec presents an attractive platform.
Developers and creators can visit the iExec Developer Portal for detailed documentation and tutorials on the DataProtectorSharing module.
Developers and creators can also follow iExec on X to stay up to date on developments and developer funding opportunities.
ContactResponsible for communicationTina FahimiiExec[email protected]
This article was originally published on Chainwire.
