DataXchain - Blockchain Based Decentralized Data Trade Service

sergeyklimenok (65)in #ico • 6 years ago

Thanks to the development of technology, people's lives are surrounded by various appliances such as PCs, tablets, smartphones, laptops and many other devices. Thanks to them and media services a person can at any time get a variety of data, from the weather and ending with festivals and carnivals in cities located on another continent. These technologies also allow people to share information about themselves and their impressions of traveling to exotic places and many others.

Humanity is so used to it that no longer notice the use of their personal data by large companies, organizations and analytical centers in order to obtain their own profits. Thus, by posting information about yourself on the social network or anywhere else, you no longer care about the preservation of copyright and security of personal data.

A new platform called DataXchain will help to correct this situation and provide ordinary users with the opportunity to sell their own photos, videos or any other personal information.

Project objective

The main goal of the developers of the DataXchain platform is to create a decentralized service based on Blockchain technology for interaction between data owners and individuals or organizations that use information using an intelligent matching mechanism.

Principle of operation

The DataXchain platform offers a unique data matching service for owners of information in the form of music, images, audio files, as well as personal data that can be provided for public or private use.

The information files uploaded by the owner of the data to the platform undergo an enrichment process, which means that the X-Labeler system recognizes the smallest details and provides the file with the appropriate attributes, after which it is displayed as a recommendation to the interested circle of users. In addition, the data are checked for accuracy and appropriateness.

Data consumers can use the following functions within the framework of the platform to find the necessary information as efficiently as possible:

data retrieval;
preview information.

It is worth noting that in the process of searching the consumer will be given the results corresponding to his request, which are found not only in images, but also in texts and sound recordings.

The data purchase operation is performed using a smart contract, and all information about the transaction is recorded in a distributed register, which in turn eliminates the risk of fraud. To perform operations, DXT tokens will be used, which are stored in the personal wallet of each participant of the platform. Each transaction will be charged a Commission, which will be spent on:

platform development;
increasing the popularity of the site;
charity;
the cost of servicing the site.

DXCT coins can be purchased during the ICO, as well as after its completion on cryptocurrency exchanges. It is worth noting that the purchase of coins will be confirmed by the agreement in order to maximize the transparency of the system.

Dates and details of the ICO

Sale of coins will be carried out in the period from September 8 to December 9 this year. A total of 730 million coins will be sold. The cost of 1 DXT will be 0.0003 ETH.

Hardcap project-135 thousand ETH or 30 million dollars.

The distribution of tokens is as follows:

Conclusion

The idea of creating a platform for selling personal data, photos, videos and sound recordings is quite attractive both from the point of view of ordinary people and from the point of view of large companies. The former will be able to sell their data and earn additional income, while the latter will be able to purchase beautiful images and the information they need at a lower cost.

Among other things, the site uses a number of new technologies that make the process of data exchange not only safe, but also more convenient.

Investing in the development of the project today in a few years you can get a pretty good income, especially given the fact that the production of coins will be limited.