DataXchain is a "decentralized platform for trade data based on the Blockchain", which corresponds to the fact that data owners can provide users with data that is used through a specialized matching service data. Finally, Platform Contributors are the company's strongest supporters and partners, who will revitalize the platform through the input and output of large amounts of data along with data owners and data users.
DataXchain is a “Blockchain-based Decentralized Data Trade Service”. DataXchain provides a tailored matching service between Data Owners and Data Users through our unique Intelligent Matching Engine (IME) and transactions are facilitated and recorded by Smart Contracts. Following a purchase decision, a Smart Contract is automatically executed and a paid DataXchain Token (DXCT) is delivered to the Data Owner. Then, the Data User acquires data download authorisation to download purchased data as many times he or she desires.
DataXchain offers a seamless P2P data matching service for Data Owners with image and sound sources and Data Users (public or private). DataXchain ensures that personal data will be delivered to the right destination. Digital assets uploaded directly from the Data Owner or data converted with the Data Enrichment process are recommended to the Data User with DataXchain’s Intelligent Matching Engine . To ensure a smooth decision-making process, both a search and a preview function are also provided to all users. The Smart Contract is executed to guarantee a secure and accurate purchase process. The Data Owner receives a fine amount of DataXchain Tokens (DXCT) for sold data. Every transaction is recorded on the distributed ledger as immutable purchase evidence, thus minimising the risk of fraud.
DataXchain has a wallet function that empowers users to take control of their data and sell them through the DataXchain
network. Apart from displaying the amount of DXCT users have, users are also able to inspect the potential value
of Digital Assets in DXCT and trace every transaction, in the usage history.
Official website: http://dataxchain.org/ico/main
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