Lyon, France – June 4th, 2024 – Chainwire
iExec, the leading company in Web3 development, has introduced a new upgrade to their DataProtector dev tool called the ‘Monetize Version’. This latest release provides Web3 developers, DApp users, and content creators with new methods to manage and monetize their digital assets.
Since its establishment in 2016, iExec has been at the forefront of offering solutions that prioritize data protection and ownership. The upgraded DataProtector ‘Monetize Version’ showcases iExec’s commitment to innovation by providing powerful tools that empower developers to give users control over their digital assets. This enhanced tool allows decentralized application (DApp) users to maximize the monetization potential of their data, content, and other digital assets.
Simplifying DApp Development with Enhanced User Ownership and Monetization Control
Building upon the original iExec DataProtector developer tool, the new version introduces the DataProtectorSharing module. This expansion of the toolkit includes new SDKs that offer various monetization strategies, simplifying the sharing, distribution, and earning from digital assets. Transactions are secured through Confidential Computing hardware encryption and coordinated through iExec’s specialized DataProtectorSharing smart contract. Monetization is streamlined using RLC, iExec’s native cryptocurrency, ensuring secure and transparent transactions on the network.
The DataProtector ‘Monetize Version’ Empowers DApp Users to Control Their Data
Ownership: Users can encrypt their data with ownership registered on the blockchain, guaranteeing control.
Sharing: Users can grant secure access to authorized apps and share data without compromising security.
Monetization: Users have the flexibility to rent, sell, or bundle their digital assets, providing various options for monetization.
This upgrade introduces advanced monetization options that aim to enhance the value of digital assets while maintaining control and security. Users can securely share their digital assets with authorized parties without relinquishing ownership. Additionally, assets can be rented out for specific durations, allowing owners to earn while retaining ownership rights. Secure selling options enable users to transfer ownership of data or digital assets to interested buyers, who then assume full control at the blockchain level. Subscription bundles offer potential income by granting access to curated data collections for a predetermined fee. These versatile monetization options enable Web3 users to extract maximum value from their data and digital assets while ensuring continued control and security.
What sets this upgrade apart is its streamlined approach to sharing protected data and earning RLC. Distribution channels are established in advance, enabling users to initiate smart contracts independently, eliminating the need to handle each transaction personally. This process combines blockchain and Confidential Computing, utilizing Intel SGX Trusted Execution Environments (TEE) to ensure end-to-end encryption and security, even during processing.
Impact on the Web3 Community
The new ‘Monetize Version’ of the DataProtector dev tool significantly enriches the Web3 community by fostering 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 dedicated to empowering Web3 developers who believe in giving users full control over the ownership of their data. By creating state-of-the-art decentralized developer 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 node operators. This secure framework grants users full control over their data, determining who can access it and for what purpose. iExec also facilitates data ownership through NFTs, allowing users to monetize their digital assets through selling, renting, or offering subscriptions. Developers earn RLC every time their app is used, thanks to direct monetization built into the protocol. Compatible with popular programming languages, iExec offers the flexibility and robust security necessary to lead the future of Web3. For developers who value privacy, ownership, and monetization, iExec presents an enticing platform.
Developers and creators can visit the iExec Developer Portal for comprehensive documentation and tutorials on the DataProtectorSharing module.
To stay up to date on developments and developer funding opportunities, developers and creators can also follow iExec on X.
Contact:
Tina Fahimi
Communication Manager
iExec
[email protected]
