November 27, 2020

DataXchain ICO Review – A Blockchain Based Decentralized Data Trading Platform

DataXChain ICO Review, Blockchain, Cryptocurrency

Introduction

DataXchain is a Blockchain-based decentralized data trading platform powered by Deep Learning technology. It brings together data owners and data users and provides data owners the chance to monetize their personal or created data, and gives data users a chance to buy and use any kind of data they might require for their business or personal purposes. The platform will allow individuals to have complete access to their personal data and own the right to share them to individuals and companies and get rewarded for that.
The process is pretty simple. Data owners will upload their data, which can be in the form of a text, a video, an audio or an image, in the platform which will go through some labeling process and then the Data Matching technology will match the data to a Data user as per their requirements and they then will buy the data from the platform. The transaction will be completed using DataXchain’s utility token DXCT which are then transferred to the Data owner for sharing his data with the Data user.

Vision

We live in a complete technological and data-driven community where every single action collects and uses some kind of data from us. Whether we use a social network, shop online or utilize a navigational app, each one of them would collect some sort of data from our actions which are stored by third-party and centralized entities where we have no control on them nor any access. Our data can be sold or used for any purpose those entities might please which might not be good for us, nor we would get anything in return for that.
DataXChain ICO Review, Blockchain, Cryptocurrency
DataXchain aims to remove that gap and let the individuals utilize their own data the way they want. If an individual wants to share their data with an entity, they may do it willingly using the DataXchain platform while getting paid for doing that since their data can surely be useful for someone out there who is always ready to pay for it to use it for their own purposes.

Some Features of the Platform

Data Matching

Data Matching is a process that matches a Data owner’s uploaded data with a Data user by the preferences set by the Data user. The process makes sure that the relative data reaches the correct destination. Users can also search for data and preview the data before making a final decision.

Data Wallet

It is sort of a wallet that would allow a user to store their data along with their assets on the platform. The data then can be uploaded and traded on the platform from the wallet. The users will be able to see the potential value of the assets they own as well as see the history of their transaction through the wallet.

Data Enrichment

Data Enrichment is a feature that transforms raw data into defined digital assets making them more precise. The process takes the data through a tool called X-Labeler that can capture the smallest details of an image or a video and making it easier for the Data users to find what they are looking for since the data would have more labels attributed. It would also make it faster for the Data owner to get their data traded faster since the matching would be quicker after this.

Data Deep Learning

It is an artificial intelligence technology that deeply learns the data and automatically analyzes and verifies them without involving any human activity. The process checks the quality and appropriateness of the data before letting them be listed in the platform. The data model outputs are stored in the DataXchain’s blockchain after the process.

Token Information

Details

Symbol: DXCT
Price: 1 DXCT = 0.0003 ETH
Hard cap: 135,000 ETH

Distribution

Total Supply: 1,000,000,000 DXCT
Crowdsale: 73% (730,000,000 DXCT)
TOBL Foundation: 15% (150,000,000 DXCT)
Team & Advisors: 10% (100,000,000 DXCT)
Bounty: 2% (20,000,000 DXCT)

Project Links












Author’s Details

Bitcointalk Username:
Raihan Shakeel
Profile Link:

Eth Address:
0x3c811A667C9A129911c7dad7238194C5F49b5cB5

Leave a Reply

Your email address will not be published. Required fields are marked *