iExec, a leading platform in the Web3 space, has introduced an upgraded version of its DataProtector developer tool, known as the ‘Monetize Version’. This latest enhancement is designed to offer Web3 developers, decentralized application (DApp) users, and content creators new methods to manage and monetize their digital assets more effectively.
Since its establishment in 2016, iExec has been at the forefront of providing solutions that prioritize data protection and ownership. The new DataProtector ‘Monetize Version’ reinforces the company’s commitment to innovation by delivering advanced tools that enable developers to restore control over digital assets to users. This upgraded tool is particularly focused on maximizing the monetization potential of data, content, and other digital assets within the decentralized ecosystem.
Introducing the DataProtectorSharing Module
The enhanced DataProtector tool builds on its predecessor by introducing the DataProtectorSharing module. This addition expands the toolkit with new software development kits (SDKs) that provide a variety of monetization strategies. These strategies simplify the processes of sharing, distributing, and earning from digital assets. Transactions are secured through Confidential Computing hardware encryption and managed via iExec’s specialized DataProtectorSharing smart contract. The use of iExec’s native cryptocurrency, RLC, ensures that monetization processes are both secure and transparent on the network.
Empowering Users with Control and Flexibility
The upgraded tool provides DApp users with several advanced features designed to enhance control and monetization of their digital assets. Users can encrypt their data, with ownership registered on the blockchain, ensuring that they maintain control over their assets. They can grant access to authorized applications and share data securely without compromising exposure. Additionally, users have multiple options for monetizing their digital assets, such as renting, selling, or bundling them into subscriptions.
This new version is designed to enhance the value of digital assets while maintaining robust control and security measures. Users can securely share their digital assets with authorized parties without relinquishing ownership. They can rent out their assets for specified periods, allowing them to earn revenue while maintaining ownership rights. Secure selling options enable users to transfer ownership of data or digital assets to buyers, who then gain full control over their use at the blockchain level. Subscription bundles offer a potential income stream by granting access to curated collections of data for a predetermined fee. These versatile monetization options enable Web3 users to extract maximum value from their data and other digital assets while ensuring continued control and security.
Revolutionizing the Web3 Experience
The DataProtector developer tool aligns with iExec’s mission to empower Web3 users to optimally monetize their digital assets. This tool allows developers to create unique Web3 applications that prioritize user ownership, privacy, and monetization. The new version is seen as a revolutionary step in enhancing the Web3 experience and setting a new standard in the decentralized economy.
One of the key distinguishing features of this upgrade is its streamlined approach to sharing protected data and earning RLC. Pre-established distribution channels allow users to initiate smart contracts independently, eliminating the need to manage each transaction personally. This process combines blockchain technology with Confidential Computing, utilizing Intel SGX Trusted Execution Environments (TEE) to ensure data remains end-to-end encrypted and secure, even during processing.
Boosting Interaction and Collaboration in Web3
The new ‘Monetize Version’ of DataProtector 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.
Overall, iExec’s latest upgrade to its DataProtector tool represents a significant advancement in empowering Web3 developers and users. By enhancing control, security, and monetization options for digital assets, the ‘Monetize Version’ is set to play a crucial role in the ongoing evolution of the decentralized economy.