Imagine a new digital economy, one that allows everyday people to take full control of their personal data. Complete with a public chain for data transactions and application development, this system would foster a trustworthy, domain-wide data exchange that capitalizes on the torrent of advancements taking place through blockchain technology.
A rapidly growing enterprise known as GXChain[1] is on a steady course toward achieving this milestone. Launched in 2017 and led by a technical team in China, the company has a value proposition that is predicated on the safe, credible, efficient and free exchange of data to maximize its use and value.
GXChain offers an effective solution for users to gain full control, manage and authorize use of their personal data. GXChain champions all levels of app development and advancements. As opposed to other public blockchains, the company supports smart contracts, blockchain as a service (BaaS) and many other unique services including ID verification, multidimensional data, KYC and rapid login.
A core element supporting this project’s aim is the GXChain decentralized exchange. This digital marketplace allows for the delivery of peer-to-peer data transmission without precipitating data, effectively protecting data privacy and copyrights, in addition to mitigating fraud and other nefarious activity.
It makes use of a decentralized model to address issues around trust and data security, while fostering a supportive system for GXChain traffic, capital, technology, platform docking and other elements that add commercial value.
“Today, people are losing control over their data,” said Yunpeng Ding, GXChain’s regional manager for North America. “Many third-party platforms gain huge profits by selling people’s data or personal information, with no compensation to the data’s real owner. Also, companies or academics need real, accurate, diversified data to conduct research. So we here at GXChain are building this data economy ecosystem to bridge the gap.”
Fueled by Graphene
GXChain’s supportive architecture capitalizes on the advantages of Graphene, an open source blockchain
