Technology is improving day-by-day and every single improvement makes our life faster, better and easier than earlier one. Its a collective output of hundreds of people's work. Technologists, scientists, engineers and many others are the key players in improving the technology for the humanity. Every research, development and contribution is in the form of data which has the information about the work carried. And this information data is more valuable and important.
As the every bit of the data is the result of years of work carried out by peoples and providing safety and security for the data is the top most priority to every industry/organisation. The storing and transferring of data in a secured way is must required. If any data breach happens, this can leads to the collapse of entire business or industry and makes an unrecoverable loss. Thus every business, organization and industry gives top most priority for the security of their data and spends millions of money for the security systems. And these expenses amounts to $3 billion dollars alone in the United States.
Even after implementing the expensive security features, many organisations spend additional money in just rechecking and re-verifying the authenticity of the data. It is known fact that data scientists spend most of their time on rechecking the data. Organization's employees spend 50% of their time in finding and fixing the errors in the data.
All these steps taken by an industry is only to protect their important data. And even after implementing the expensive security systems still the fear of data breach will be there. Because today's security systems are centralized and vulnerable to hacking attacks.
But now thanks to the revolutionary blockchain technology which is capable to solve the above mentioned problems. Blockchain's immutable, incorruptible and unhackable nature provides secured and transparent data transfer. But still the blockchain technology is underdeveloped and many companies are developing security solutions on blockchain. Thanks to BEXAM project which provides data security and scalability with high speed data transfer.
About the project
BEXAM project is committed to solve the data security problems with its unique, innovative solutions. The project has professionals and experts from various business fields and their skills help them to develop the clear solution. BEXAM team utilizes the power of blockchain technology with traditional system for providing better solution.
BEXAM has partnered with Early Works Co. Ltd., Which has developed algorithms based on consensus proof of rounds (POR). This helps to make data transfer in block time of 0.2 second, 40 million transactions per second with multi layer security and scalability.
Principle of operation
In order to provide high quality service with multi layer security at high speed data transmission, the BEXAM projects POR structure utilizes 4 node concept. The operation of these nodes include:
• The root node (RN) - This node is responsible for the distribution of transactions and confirms the addition of data on the blockchain network.
• Master nodes (MN) - The requested transactions is confirmed by this node between root node and master node. This node is responsible for the data transfer for other nodes.
• Super node (SN) - This node is responsible for maintaining the consistency of all node transactions and eliminates unnecessary operations from the network.
• Normal node (NN) - This node connects all the nodes together.
These block nodes are responsible for the proper function with high security and transaction speed.
Benefits of BEXAM
The advantage of using all nodes removes additional hash calculation, which helps to perform tasks at less time with less power consumption. The BEXAM network consumes less power even the network experience high traffic. This is must required for any type of blockchain platforms.
Another advantage of BEXAM is that it can be easily implementable to all types of businesses with ease. This ensures the unlimited application of BEXAM Platform.
ICO details and timelines
• Token ticker: BXA
• Token price: $0.12
• Hardcap: 16,000,000 USD
Token distribution
Conclusion
Projects like BEXAM platform are must needed in the today's market. The data security for our information is highly required. Finally we have a perfect solution for our data security related problems. The decentralized data security solution with high speed data transmission and scalability is the BEXAM platforms capabilities. This project needs much public attention as it solves the most fundamental problem of our data security.
Learn more about BEXAM:
Website: https://bexam.io
Read Whitepaper:
ANN thread: https://bitcointalk.org/index.php?topic=5071668
Telegram: https://t.me/bexamofficial
Facebook: https://www.facebook.com/BEXAMofficial
Twitter: https://twitter.com/bexam_official
Medium: https://medium.com/@bexam_official
LinkedIn: https://www.linkedin.com/company/bexam/
Reddit: https://www.reddit.com/r/BEXAM/
Instagram: https://www.instagram.com/bexam_official/
About Author:
Bitcointalk username: Abhijeetcg
Bounty0x username: Abhijeetcg
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1676105;sa=summary
ETH address: 0x96e95a1F40cf5a50178053740ADE18046815362d
