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Intel Develops Blockchain Product for Ensuring Data Security

  • Yuri Molchan
    📰 News

    iExec startup releases Intel-powered solution for secure cloud computing


Intel Develops Blockchain Product for Ensuring Data Security
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On Thursday, Lyon-based DLT marketplace for computing power iExec presented its end-to-end trusted execution environment. As per the developers, the new product is the first scalable corporate solution to ensure security in DLT-based computing powered by Intel SGX.

Intel meets Blockchain

Intel SGX stands for Software Guard Extensions. This is a wide-spread architecture extension made back in 2015. The purpose of its launch was to improve the level of security for application code and the data in it.


The Intel website describes the SGX technology as a solution that allows protection to work by means of “enclaves,” separate pieces of memory integrated into the CPU. These regions of memory secure data from the processes that are running at any privilege level, as well as in the operating system of the computer.

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iExec from inside

In its blog, iExec describes enclaves as paradigm-shifting instruments in the sphere of cloud computing. They are a safety measure that protects an app from a host machine by isolating one from another.

Thus, the app will be inaccessible to interfere with even for a root privilege administrator, claims the iExec press release.

iExec developers shared on the blog that apart from DLT, Intel SGX is a crucial component for making a decentralized cloud infrastructure like their marketplace.

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dApps and Proof-of-Contribution

The startup made this product in cooperation with a German software developer Scontain UG, and it promises that even though the operations made through dApps are going to be verified by decentralized nodes, only the end users will have access to them.

Also, the iExec claims that the new Intel-based solution allows app creators to utilize computing power that is scalable, affordable and secure. All operations between sellers and buyers will be checked and verified by means of the Proof-of-Contribution protocol.

The iExec marketplace was presented at the Devcon4 conference.

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It Could Take Bitcoin 22 Years to Retest Its ATH: UBS Analyst


It Could Take Bitcoin 22 Years to Retest Its ATH: UBS Analyst
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The fact that Bitcoin saw its price breaking above $5,000 at the beginning of April made everyone highly optimistic about the prospects of a full-fledged bull run. However, crypto bulls shouldn’t hold their breath since it could take decades for the number one currency to recover from its epic downfall.

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Bitcoin compared to other bubbles  

After comparing Bitcoin to other bubbles, UBS analyst Kevin Dennean came to a conclusion that BTC will most likely follow their lead, Business Insider reports.
However, here’s a catch – Bitcoin will have to undergo a long-lasting recovery, so it is not reasonable to expect another bull run in the nearest future. For comparison, it took the Dow Jones Industrials 22 years to reach its previous peak.   


‘We're struck by how long it took other asset bubbles to recover their peak levels (as long as 22 years for the Dow Jones Industrials) and how pedestrian the annualized returns from trough to the recovery often are,’ Dennean claims.

Bitcoin compared to other bubbles  

Picture: ©FactSet

With that being said, it is still not guaranteed that a certain bubble retests its ATH even after decades since a big burst. Nikkei, despite reaching its 20-year highs in October 2017, was still 50 percent lower than its ATH that was recorded in 1989.

Nikkei

Picture: ©ATLAS

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When you lose, you win

During the peak of the crypto market, Bitcoin was frequently compared to the infamous tulip mania, but these two barely had anything in common (except for the horrible stability of value). Hence, it hardly makes sense to apply a certain pattern and expect Bitcoin to behave in a similar fashion to other bubbles.

Historically, enormous price crashes actually benefited Bitcoin. As reported by U.Today, Bitcoin trader recently noticed that the BTC price rise 5.1-16.89 times every 70+ percent plunge. Crypto bulls have every reason to expect a similar outcome this time around.

'Shadow of bull statue on texture tiles floor metaphor of bull market is coming for stock market or investment asset' image by 123rf.

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