Review and analysis of ICO DxChain

DxChain is the world's first decentralized network for working with a large amount of data and training a network of machines that are based on a computationally-decentralized blockchain. In simple words, we can use DxChain to store and exchange large amounts of data on a decentralized blockchain. Currently, only large corporations have the ability to work with large amounts of data and exclusively use the services associated with this service. For individuals and small organizations, such an opportunity is costly. There are some blockchain-based platforms designed to provide supercomputer services, but there are no existing solutions on the market to provide a decentralized parallel computing environment that supports large data and machine learning. Thus, DxChain can become a real player who will change the market conditions for processing and storing large data.

The advantages of the project:

• Currently, only large companies are able to run projects to handle large tasks using large amounts of data. This requires the availability not only of expensive equipment, but also access to most of the existing consumer data. For example, Google has navigational information about who and how to use its mapping service. Google maps users do not have control over this data and can not use it. Unlike the search giant, DxChain is intended to be used as a trading platform for the purpose of data transfer to users.
• Improvement of big data. The latter is an extremely large amount of data that is usually associated with human behavioral factors and its interaction with various services. At present, almost every action that we undertake leaves a "digital trace". We generate data whenever we go online, when we spend time on the global network with a smartphone, when we communicate with our friends through social networks or chats, and even when we make purchases. Much of what we do leaves a "digital footprint", which is a very valuable data. The term "large data" refers to the collection of all such information and the ability to analyze it. This allows us to identify the patterns, trends and associations that give people and businesses advantages in a variety of areas. The platform uses provable data computations to ensure their integrity. Its construction can be classified as a block network with one main and two side chains. The platform supports the use of smart contracts.
• The platform combines a way to solve the distributed storage of data within an organization, but with the use of block technology, like Hadoop. Hadoop is a distributed open source environment, the main purpose of which is data processing and storage for large applications. Currently, it is at the heart of a growing large data transfer ecosystem and is used to support and process large data in an expanded form, including intelligent analytics, data analysis and machine learning applications. Apache Hadoop is also an open source software that allows you to use a network of multiple computers to solve computing problems.
• The main component of DxChain, is a computational chain that supports specific computational tasks on a virtual machine platform. Unlike the use of hashes for Bitcoin mining, this side chain is intended for useful work when solving real business problems and supporting specific computing processes required by the DxChain ecosystem.

The project will be in demand in the following areas of activity:

• As one of the options for using the platform, you can give an example in which the client assigns the task to the main chain, which will then be redirected to the computer chain. The target computing chain will extract data from the data chain and perform the specified calculations and tasks. Then the computational chain will write the results into a data chain and inform the main chain that the job is completed. All participating nodes in these processes will receive a reward for providing computing resources and opportunities for storing information.
• In the medical field, research institutes and pharmaceutical companies need data on patients for research. As a rule, the sharing of such information is difficult due to confidentiality problems. This complicates and slows down the research process, not to mention the fact that patients usually do not themselves control personal data.
• DxChain is able to provide safe and confidential storage, calculate and perform patient data exchange within a block chain. They will also be able to receive compensation for the use of their data.

ICO Terms and Conditions: