DxChain is the world’s first decentralized big data and machine learning network powered by a computing-centric blockchain. In other words, DxChain is a public chain, aims to design a platform to solve computation of big data in a decentralized environment.
For simplicity, we could use DxChain to store and trade big data, so as to make data more valuable with the computation.
2. Why do we create DxChain?
Nowadays, only large corporates have the capability to run big data tasks and monopolize the data-related services. For individuals and small organizations, it is costly to get data storage services and difficult to acquire data sources. Even worse, the privacy and data security risks are taken by everyone, no matter if you are able to get any rational reward from data services.
There are some blockchain-based platforms designed to provide supercomputer services, however there are no existing solutions in the market to provide decentralized parallel computing environment that supports big data and machine learning.
Therefore, DxChain will be the real game changer in the market.
3. How will DxChain transform the fundamental meaning of the internet?
Blockchain, one of the most ingenious technological inventions in recent years, has many important and innovative characteristics, such as decentralization and immutability. Unfortunately, today’s popular consensus-based protocol still uses huge amount of computational power to maintain the blockchain itself, and cannot provide useful work for the community. Nowadays, people can use Bitcoin and Ethereum to buy something and use hyperledger fabric to trace the flow of a product. However, there are few real applications of blockchain besides financial transactions and tracking assets in a supply chain. That is to say, blockchain did not fundamentally change the way people are using internet.
DxChain designs a platform to solve computation of big data in a decentralized environment. Consequently, people can use DxChain as a data market to trade data, and create applications on DxChain to meet various needs, including business operation and businesses intelligence. Therefore, by applying blockchain to data storage and computation, DxChain will change the fundamental meaning of the internet.
4. What are DxChain’s major competitive advantages?
Four major innovations make DxChain stand out from other blockchain projects and existing big data services:
PDC (Provable Data Computacion):
A new decentralized computing framework to introduce the Provable Data Computing and verification game
A new chains-on-chain design to orchestrate a master chain and two side chains - data side chain and computing side chain
Migrate the Hadoop ecosystem to a decentralized environment:
Incorporate Hadoop to DxChain to facilitate big data and machine learning
Support business data exchange and analytics:
Flexible and powerful DxChain-based system architecture, dedicatedly designed to support most business data exchange and data analytics requirements
5. What is DxChain’s future?
The DxChain is designed to support a variety of machine learning and data mining algorithms, data storage, music/video streaming and many other applications. Developers from various sectors could leverage DxChain in different ways. Three use cases in the DxChain powered ecosystem are described below.
DxChain users can directly run machine learning analysis on the dataset which sensors generate each day and create actionable business intelligence report to guide their business daily decisions. Our ecosystem developer could leverage it to build their own machine learning app.
Reduce cost for storing data and traffic. Data encrypted and stored in blockchain in a tractable and secure way. Data exchange and sharing is enabled using DxChain’s data model to standardize data. Machine learning enables healthcare vendors to build own AI to monitor patient’s health and to send in critical vital signals.
AI Model Training:
DxChain, a decentralized big data and machine learning blockchain could let the AI vendors benefit in many ways. Our ecosystem developer could leverage DxChain to build their own machine learning Dapp.