DataXchain PROJECT (ICO 2018) – DECENTRALIZED DATA TRADE SERVICE

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A BRIEF INTRODUCTION: Computer data is information processed or stored by a computer. This information may be in the form of text documents, images, audio clips, software programs, or other types of data. Computer data may be processed by the computer’s CPU and is stored in files and folders on the computer’s hard disk.

At its most rudimentary level, computer data is a bunch of ones and zeros, known as binary data. Because all computer data is in binary format, it can be created, processed, saved, and stored digitally. This allows data to be transferred from one computer to another using a network connection or various media devices. It also does not deteriorate over time or lose quality after being used multiple times.

Raw data is unprocessed computer data. This information may be stored in a file, or may just be a collection of numbers and characters stored on somewhere in the computer’s hard disk. For example, information entered into a database is often called raw data. The data can either be entered by a user or generated by the computer itself. Because it has not been processed by the computer in any way, it is considered to be “raw data.” To continue the culinary analogy, data that has been processed by the computer is sometimes referred to as cooked data.

According to the main purpose or fixed design of this article , I will be presenting you a particular undisputed project called:DataXchain

WHAT IS DataXchain?

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DataXchain is a blockchain-based decentralized data trade service providing a tailored matching service between data owners and data users through its unique Intelligent Matching Engine (IME). DataXchain aims to create a new data paradigm in which individuals, as opposed to “Data Giants”, own the rights to their own data and are equitably compensated if their data is used. It also aims to create a brand-new deep data trading ecosystem in which anyone can easily create Digital Assets to share or sell.

DataXchain will initiate a new era of Data Liberalism, which we believe is the most important value in the transition to the Intelligent Information Society. In order to facilitate this paradigm shift, we hereby present DataXchain, our Decentralized P2P Data Trading Service, to the wider world.

DataXchain believes that the aim of the Intelligent Information Society is to provide ultimate efficiency to all mankind, based on the new values created on the ICT foundation, by delivering intelligent technology and innovation to the general public. The data flowing through the information communication network around the world represents a fundamental resource to our society. However, under our current industrial system, data is locked within centralised systems and services, generally represented by a handful of social media and internet portals. Our personal data has been harvested by these Data Giants to generate profits or satisfy their own interests.

DataXchain will change the current data game and enable Data Liberalism through DataXchain, a novel ‘Blockchain-based Decentralized Data Trade Service’. Leveraging the DataXchain Platform, all the information of DataXchain’s partners and users will be connected, integrated and managed equally and fairly.

FURTHER DETAILS ABOUT DataXchain

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DataXchain aims to decentralize data ownership and use and restore the data rights back to individuals through creating a deep data trading platform powered by blockchain technology.

With the DataXchain platform and technology, we aim to build an active, self-sustaining and self-enriching Deep Data Trading 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.

With data penetrating almost every aspect of our lives and becoming a vital resource, the possibilities DataXchain can bring are endless and so is the extent to which it can dramatically improve our lives.

OUR VISION & MISSION

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VISION: DataXchain will open up a new era in the “Intelligent Data Age” in which everyone can enjoy equal rights to data and be satisfied members of the DataXchain ecosystem.

MISSION: My Data DataXchain will build a data ecosystem where is traded fairly and equally and each individual’s data ownership is protected.

WHAT MAKES DataXchain PROJECT STAND-OUT AMONG ALL

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The blockchain-based service provided by the DataXchain Platformnot only ensures security, processing speed and data loss prevention in the Account, Enrichment, Token, and Trade modules in the Smart Contract, as well as the X-FS, but plays an important role in complementing the issue of scalability. DataXchain’s diverse services enable users to create deals that are convenient, fair and equitable.

Not only that, The DataXchain Platform also provides a quick service to users with layer-by-layer distributed development, and this form of maintenance makes it possible to provide a convenient and smooth service to users.

DataXchain STRUCTURE

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Service Layer:

  • X-Matcher: DataXchain recommends the best choice for Data Users through the hybrid efforts of both Collaborative Filtering and Content-Based Filtering. As transaction data are accrued the algorithm develops into a more accurate form; and the additional development of the deep learning-based Intelligent Matching Engine will enhance the technical standard for the service.
  • X-Labeler: Raw data will be labeled by the Data Owner during the initial upload, thus allowing the Data Owner to grant a reasonable value for My Data. The additional development of “X-Labeler” will enable intelligent labeling.
  • X-Deep Learner: X-Deep Learner acts as a brain of DataXchain. Other front modules, such as X-Classifier, X-Labeler, X-Matcher will be reinforced by rear module, X-Deep Learner and they will have an intelligence for accurate data handling and processing.
  • X-Classifier: DataXchain has an automated data classification function in data pre-processing stage. When data is uploaded by customer, X-Classifier can classify the input data based on type, such as text, Image, music and forward them to X-Labeler or X-Deep Learner without human intervention.

Infrastructure Layer:

  • X-FABRIC: The X-Fabric is an implementation of the blockchain network including the Smart Contract. With a noticeable modular architecture, each element is configured with great flexibility. In particular, this has the advantage of supporting private channels and building permitted networks. Private channels allow users to continue the validation process, share data or make transactions visible only to specific users or groups.
  • X-FS: The X-FS speeds up data import from multiple computers simultaneously (multi-computing), rather than from one computer at a time, and supports versioning and mirroring to prevent data loss. It will be possible to apply this structure flexibly even when the volume of data from sound sources, images, etc. stored in the DataXchain Platform becomes larger due to continuous expansion in the future.

DataXchain PROJECT ROADMAP

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  • Q2/2018: DataXchain’s team forming
  • Q4/2018: Start ICO, publish Token Issue, build Alpha version of platform (December-2018)
  • Q2/2019: Build Beta version of platform (June)
  • Q3/2019: Soft Launch of platform (September)
  • Q4/2019: Finish all services of platform (December-2019).

DataXchain PROJECT ICO ANALYSIS

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ICO TIME:

2018-10-29 – 2018-12-09

Income from DXCT sales will be used to further develop the DataXchain Platform. The outcomes of such activities will result in the establishment of an agile, transparent system. Each token purchaser from the DXCT Sale will have a Token Sale Agreement as well as the Terms and Condition signed with ToBeLet through the website registration

DataXchain PROJECT TEAM & ADVISORS BOARD

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DataXchain PROJECT TOKEN ANALYSIS

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The DXCT is an ERC20 compliant token. It has been designed according to the idea of fair and equal trading of Digital Asset values within the DataXchain Ecosystem.

Use of Tokens DXCT is the main instrument of payment in DataXchain. A cryptocurrency exchange option is provided to secure more users in the market.

  • Token Symbol <<>> DXCT
  • Price <<>> 1 DXCT = 0.06 USD
  • Bonus <<>> Available
  • Platform <<>> Ethereum
  • Accepting <<>> BTC, ETH, Fiat
  • Minimum investment <<>> 100 USD
  • Hard cap <<>> 30000000 USD
  • Country <<>> Singapore
  • Whitelist/KYC <<>> KYC

MY OPINION CONCERNING THIS PROJECT

In my own perspective, I can seeDataXchain as an innovative, incomparable and undisputed project with a great vision and unique ambition to be the most smartest and respective projects in the nearest future all over the globe.

CONCLUSION:

Nowadays a lot of projects are being created in different countries, But not much of them with solid standard and good qualities as DataXchain does.

For more or further details, please! Kindly follow the links below:

WEBSITE:http://dataxchain.org/ico/main

WHITEPAPAPER:http://dataxchain.org/ico/files/DataXchain_whitepaper_en.pdf

ANN TREAD:https://bitcointalk.org/index.php?topic=5032946

FACEBOOK:https://www.facebook.com/pg/DataXchain-247223712593306

TWITTER:https://twitter.com/DataXchain

TELEGRAM: https://t.me/Dataxchain

MEDIUM:https://medium.com/@DataXchain

••BITCOINTALK PROFILE LINK:https://bitcointalk.org/index.php?action=profile;u=1907552;sa=summary

Great thanks to all my dear readers, you will be more appreciated if you can kindly send a recommendation to some friends and to all media across the globe. Thanks! for given your time.

  1. AUTHOR: Dprince2281
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