DataXchain: an innovative data exchange platform on the blockchain

in #ico6 years ago

DataXchain eng top.JPG

Today, the exchange of certain data is a very popular service, but there are too many actual problems in this segment. The security of transactions in this case is the key factor - in fact, quite important data is sometimes used in the exchange. Existing platforms cannot guarantee customers complete security, there is no transparency in the work. But the developers of DataXchain are sure that a decentralized system is an effective solution in modern realities. Smart contracts are used here, and the blockchain is the key to ensuring maximum user security and data transfer. The decentralized data exchange service DataXchain will become really popular - only this platform offers data owners, as well as their customers, mutually beneficial, effective, direct and transparent cooperation.

Today, data exchange is not perfect, there are too many nuances:

  • There is no certainty that after payment you receive the necessary content - there are quite a few scammers today.
  • Copyright became a mere formality - some information is bought and sold on without noting the authors.
  • Difficulties with data retrieval - no accurate cataloging, search engine, and centralized service allowing to make profitable exchanges.

The developers of the decentralized project DataXchain have a firm belief that the new system will be a mutually beneficial option for everyone. The data exchange segment has long been in need of modernization, which is why a team of experienced developers is going to actively develop the decentralized DataXchain platform.

A simple algorithm for working DataXchain

Information owners can quickly download the content, so that the DataXchain system can verify its authenticity and effectiveness, after which the data will be cataloged. The owner will have a kind of digital property that he can sell to users. Users can use an effective directory search system - if the necessary option is found, you must contact the owner. To guarantee the execution of the transaction, a smart contract is used, in which all the conditions of cooperation are indicated. Payment is made in tokens - the decentralized project DataXchain has its own internal currency. After the buyer pays the required amount, he gets access to download the required content, the funds will finally be written off only after both parties verify the effectiveness of the transaction and approve it.

Highlight the key features of this project:

  • It is as simple as possible and convenient for users. Regardless of whether you are the owner or buyer of the data, there are no problems in working with the platform. Downloading information is very quick and easy. Thanks to the catalogs, users can quickly find the necessary information.
  • The use of artificial intelligence. This is a great opportunity to create full-fledged catalogs with content labeling, which will make using the platform easier and more efficient.
  • No problem with the speed of execution of transactions. Users will conclude smart contracts in order to protect themselves in the future from fraudulent schemes and problems with violation of the conditions of cooperation.
  • Maximum system flexibility. There will be no problems with the correct execution of all the functionality; users will not have to lose their time.
  • Full security for all users. Innovative technologies are used to protect customers of the decentralized project DataXchain from fraudsters.
  • Accuracy. All transactions are executed as quickly and efficiently as possible.

Conclusion

The importance of data in the modern world is too great - information needs effective protection. That is why the decentralized platform DataXchain will become the most popular and sought-after project. Developers are trying to do everything in order to attract investors - they have a clear plan for the development of their offspring, which will bring the transfer of information to a whole new level.

To learn more about the details of this project, visit the official website http://dataxchain.org/ico/main and read the whitepaper: http://dataxchain.org/ico/files/DataXchain_whitepaper_en.pdf

Author Cryptozond: https://bitcointalk.org/index.php?action=profile;u=1190894
ERC-20 wallet: 0xE09319CEB0C8cf2029e27F85E1Bcb1159c63aF8e