[promoted] GXChain and the Blockchain Data Economy

<br /><br /> <br /><br /> <br /><br /><br /><br /><br /><br /><br /><br /><br />Imagine a new digital economy, one that allows everyday people to<br />take full control of their personal data. Complete with a public chain for data<br />transactions and application development, this system would foster a<br />trustworthy, domain-wide data exchange that capitalizes on the torrent of<br />advancements taking place through blockchain technology.<br /><br />A rapidly growing enterprise known as GXChain is on a steady course toward achieving this milestone. Launched<br />in 2017 and led by a technical team in China, the company has a value proposition<br />that is predicated on the safe, credible, efficient and free exchange of data<br />to maximize its use and value.<br /><br />GXChain offers an effective solution for users to<br />gain full control, manage and authorize use of their personal data. GXChain champions<br />all levels of app development and advancements. As opposed to other public<br />blockchains, the company supports smart contracts, blockchain as a service<br />(BaaS) and many other unique services including ID verification,<br />multidimensional data, KYC and rapid login.<br /><br />A core element supporting this project’s aim is<br />the GXChain decentralized exchange. This digital marketplace allows for the delivery of peer-to-peer<br />data transmission without precipitating data, effectively protecting data<br />privacy and copyrights, in addition to mitigating fraud and other nefarious<br />activity. <br /><br />It makes use of a decentralized model to address issues around<br />trust and data security, while fostering a<br />supportive system for GXChain traffic, capital, technology, platform<br />docking and other elements that add commercial value.<br /><br />“Today, people are losing control over their<br />data,” said Yunpeng Ding, GXChain’s regional manager for North America. “Many third-party platforms gain huge profits by selling<br />people’s data or personal information, with no compensation to the data’s real<br />owner. Also, companies or academics need real, accurate, diversified data to<br />conduct research. So we here at GXChain are building this data economy<br />ecosystem to bridge the gap.” <br /><br />Fueled by Graphene<br /><br />GXChain’s supportive architecture capitalizes on the advantages of<br />Graphene, an open source blockchain application built primarily with the<br />programming language C++, which was originally developed to serve as the<br />foundation for the decentralized exchange ecosystem Bitshares.<br /><br />Possessing numerous variations, Graphene has evolved and forked<br />many times, with the original release managed by the software development<br />service Cryptonomex. It was created in a modular fashion that allows for<br />adaptability to many uses.<br /><br />New Projects Abound<br /><br />At the time of this writing, over 3,000 projects<br />have been applied to the GXChain, with nearly 100 more under incubation,<br />according to the project. <br /><br />Blockcity, a virtual city built by GXChain, is just one of many examples of projects launched. This<br />ecosystem, with over a 1,860,000 users, offers a rich set of data resources for<br />chain applications and partners.<br /><br />Users can set up their own unique identity in the<br />city that’s saved and verified on the blockchain. In the future, it will<br />provide users with many additional features, including the ability to execute<br />transactions, social engagement and online shopping.<br /><br />This ecosystem will feature the “Blockcity” DApp,<br />which provides personal data management and data-sharing tools, allowing for an easy and<br />convenient way for ordinary people to make use of blockchain technology's transparency<br />and efficiency advancements.<br /><br />The broader aim of Blockcity is to incentivize users<br />with GXS token rewards to cultivate marketable data if they<br />choose to share information tags with the community. Users have the ability to<br />consolidate and store their encrypted data on a distributed file system and can<br />elect to open their data repository and profit from it.<br /><br />“Blockcity is just one example of how GXChain is<br />building a data economy ecosystem that enables our users to access a fair,<br />secure and transparent data transaction environment,” said Ding. <br /><br />Validating the Road Map Ahead <br /><br />In a July report called “Global<br />Public Blockchain Technology Assessment Index,” the third-ever such report issued by the research institute of the Ministry of Industry and<br />Information of China (CCID), GXChain was rated fourth out of 31 public chains.<br />It received high marks on all three factors that the index is based on:<br />technology, applications and innovation, according to the project.<br /><br />Underscoring this<br />validating achievement, GXChain received a better<br />“technology” score than Lisk, a better “application”<br />score than EOS and a better “innovation” score than NEO and Stellar combined — all<br />this despite that fact that GXChain has a modest market<br />capitalization ranking, the GDAX team reported.<br /><br />“The rating means GXChain is a<br />valuable and powerful public blockchain, indicating that GXChain leads in<br />technology, applicability and innovation among blockchain projects all over the<br />world,” said Ding. “We hope to build an underlying big-data public chain<br />ecosystem. Our vision is to build a credit society through blockchain<br />technology so that people can live more efficient and happier lives.”<br /><br />Note: Trading and investing in digital assets is speculative and<br />can be high risk. Based on the shifting business and regulatory environment of<br />such a new industry, this content should not be considered investment or legal<br />advice.<br /><br /> <br /><br /> This promoted article originally appeared on Bitcoin Magazine.

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