It is a decentralized cloud computing service that offers computational power to other institutions or users that require high computational power to run their tasks. Tasks that heavily rely on processing speed and high end graphics are Big Data, Machine Learning and Artificial Intelligence applications. Users who share their resources to others are rewarded in RLC tokens. The data and resources that are transferred from one computer to another are securely transferred in a blockchain. The RLC is an ERC-20 token and runs on the Ethereum blockchain. The future world is slowly developing into a smart world which requires all devices to be communicating with one another in real time and sharing resources. iExec surely will have a huge value in this future!
You can check out this video on what they are all about and how they work.
You can also check out this article Is iEx.ec (RLC) A Good Investment? In-depth Analysis and Near to Longer-Term Expectations by Crypto Boomer.
A tweet was posted yesterday on their official twitter handle that iExec was selected for the Microsoft for startups program. Microsoft cherry picks certain startups that they feel will have a huge potential in the future and gives them funding and also helps them to acquire potential new partners which would in turn boost the adoption of the technology. More details can be found from the medium article link.
iExec is already a part of the Enterprise Ethereum Alliance (EEA) and with Ethereum planning to be the world computer, RLC sure will be a part of that future and has a huge use case in the industry.