DataXchain : Blockchain Based Decentralized Data Trade Service
DataXchain is a decentralized data trade service based on blockchain technology within an ecosystem where anyone can create digital assets to share and sell. Through ‘decentralizing' data ownership and trade, DataXchain aims to create a new data paradigm in which individuals, as opposed to data giants, own the rights to their own data and equitably compensated if their data used. It also aims to create a brand-new data trade ecosystem in which anyone can easily create Digital Assets to share or sell.
With the DataXchain platform and technology, they aim to build an active, self-sustaining and self-enriching data trade ecosystem. The main agents in the ecosystem are Data Owners, Data Users, and Platform Contributors, each of whom enhances the DataXchain service. Together these actors distribute an abundance of Digital Assets and reap profits with the cryptocurrency DXCT.
DataXchain aims to disrupt the present framework of centralized data capitalism dominated by existing powerhouses in order to establish a new data market for ordinary individuals. DataXchain will strive to build trust in the digital economy and truly demonstrate its potential. In this way, they will strengthen the global community with the value of intelligent information society.
DataXchain Features
DataXchain offers a seamless P2P data matching service for Data Owners with image and sound sources and Data Users (public or private). DataXchain ensures to deliver personal data to the right destination. Digital assets uploaded directly from the Data Owner or data converted with the Data Enrichment process are recommended to the Data User with DataXchain's Intelligent Matching Engine . To ensure a smooth decision-making process, both a search and a preview function are also provided to all users.
DataXchain also has a wallet work that connects with customers to take control of their data and offer them through the orchestrate. Adjacent to demonstrating the proportion of DXCT customers have, customers are in like manner prepared to evaluate the potential regard of Digital Assets in DXCT and pursue each trade, in the utilization history.
With website and mobile APP, DataXchain offers simple upload procedure and potential value viewer service, powerful and fast service process: DataXchain enables large-scale processes at the same time through participation of various open source projects such as the Ethereum Sharding project.
How It Works?
As the Data Owner uploads My Data (Image & Sound), Data Enrichment process (Labeling and Cataloging) initiated to transform the Raw Data to finadable Digital Asset. With the recommend and search function the Data User decides to purchase the Digital Asset. After the purchase decision, Smart Contract is automatically executed and paid DataXchain Token (DXCT) is delivered to the Data Owner. Then the Data User acquires data download authorization to download purchased data as many times he/she desires.
DataXchain Benefits
Ease of use
Offers a simplified loading treatment and a potential benefit viewer services on the site and mobile application
Intelligence
Intelligent data administration: with the advanced technology AI and Big Info, allows programmed matching and cataloging provider (DataXchain Engine)
Agility
Fast and robust support method: DataXchain allows a simultaneous but massive process through countless open source projects including the EthereumSharding.
Flexibility
Provides the seamless program to provide stable services and flexible architecture application for high-tech applications
Security
Security enhancement and real-period tracking: DataXchain enforces reliability with Smart Deal-driven by Blockchain network and essential value storage separately.
Accuracy
Prevents filtration system bubbling with a computerized matching process predicated on various hybrid algorithms.
DataXchain Token (DXCT)
The DXCT is an ERC20 compliant token. It designed according to the idea of fair and equal trading of Digital Asset values within the DataXchain Ecosystem. DXCT is also the main instrument of payment in DataXchain. A cryptocurrency exchange option provided to secure more users in the market.
Useful Links:
Website: http://dataxchain.org/ico/main
Whitepaper: http://dataxchain.org/ico/files/DataXchain_whitepaper_en.pdf
Twitter: https://twitter.com/DataXchain
Facebook: https://web.facebook.com/dataxchain/
Telegram: https://t.me/Dataxchain
Author: SanZoldyck
My BitCointalk profile: https://bitcointalk.org/index.php?action=profile;u=1045517;sa=summary