Privacy for Web3: Confidential On-Chain for Stablecoins, DeFi & RWAs | Francis Otshudi, iExec (#79)

iExec CTO Francis breaks down privacy-first Web3: TEEs, confidential stablecoins (cUSDC), privacy-preserving KYC, and RLC token economics for institutional on-chain use.

Key Takeaways

iExec leverages TEEs to run confidential decentralized compute, letting developers execute private workloads and protect datasets without exposing inputs.
The team moved from platform/research to product-first: simplified developer tooling, abstracted marketplace complexity, and prioritized user-facing privacy products.
Primary customers are Web3-native and institutional tokenizers; focus on privacy-preserving stablecoins, DeFi liquidity, and RWA with private KYC attestations.
RLC is used for payments and rewards across worker pools; token demand scales with usage and is expected to rise after a mid-year DeFi product launch.
To mitigate token volatility, iExec offers vouchers and fiat-denominated pricing alternatives to lock costs and simplify customer billing.
iExec supplies infrastructure for privacy-respecting KYC and attestations: third parties verify attributes without revealing underlying documents or personal data.

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