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
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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