DxChain - what does it bring to crypto

in #cryptocurrency6 years ago (edited)

I've been closely watching the hype growing around this project, but never really had the time to look into it from a technical and feature perspective.

Here are some of the data problems that DxChain products are trying to solve:

  • the volume of data produced is ever increasing and harder to process - high speed data processing
  • the speed of the data coming from various sources - reliability of those sources
  • the variety of data and the fact that it may come in various form and formats depending on industry targeted
  • storage of the data in a decentralised and immutable manner
  • protection of the data
  • current challenges of uniquely identifying and localising transactions

Here is a brief list of technical features of the products that DxChain is proposing:

  • a distributed data rights management platform (data files, music, video, records, etc)
  • this works cross blockchain
  • persistent security, independent of transmission medium (mail, blockchain, stream, etc)
  • allows creation of standards - creates community and business
  • contracts, policies and agreements on the DxChain - Ricardian Contracts
  • storage service integration
  • incentives based on types of data
    Screen Shot 2018-07-27 at 15.21.35.png

The markets which DxChain is targeting also indicates the huge potential of uses cases:

  • Financial Markets
  • Consumer Data lakes
  • Retail industry
  • Food industry
  • HealthCare Industry

In conclusion, DxChain has a unique proposal which brings the next level services to the blockchain, in order to bring reliability, security and trustworthiness of data.
Follow the project:

Website: https://www.dxchain.com/

Register here: https://t.me/DxChainBot?start=h6201f-h6201f

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