DxChain Strength, Opportunities and Weaknesses

Imagine that you are user of a smart phone. Everyday you open plenty of applications, do navigation and socialization, resulting in generating lots of data. While remaining in your comfort zone if you could have a authority to store, control and trade your data securely why won’t you do that? DxChain Network is exactly such a platform. It’s world first decentralized big data and machine learning network. With DxChain’s decentralized data exchange platform, We will be able to own and control our own data, securely trade and analyse data.

Keeping in mind that DxChain recently debuted a working demo of their Alpha MVP, called Rocky Mountains. As an initial MVP demo of DxChain, Rocky Mountains demonstrates storage and retrieval of files on a 5 node network. The demo successfully upload and download test file and also introduces the mining and storage functionality of nodes. The debut of the Rocky Mountains before the public sale provides an important indication of the team’s ability to follow through on their commitments.

There is a great opportunity of partnership with DxChain network. DxChain made its first partnership with Trustlook, founded in 2013 by Zhang’s. Trustlook develops Al-based cyber security products. Users of Trustlook products includes Huawei, Oppo and Qualcome. This partnership is of extreme importance as it provides built-in virus scan engine for hundreds of millions of Huawei devices. Its mobile security app is installed more than 10 million times. DxChain plans to launch dApp via Trustlook that will record behavioral data of app users, help them to trade, which will then be used for analysing by partner companies.

DxChain also established a partnership with QuarkChain. QuarkChain is a secure, permission-less, scalable, and decentralized blockchain. It is a high-throughput blockchain that aims to achieve millions of transactions per second (TPS). DxChain plan to provide data computation and storage functions to QuarkChain. In turn, QuarkChain will assist with improving the performance of the data and computation chains on the DxChain network through sharding. They are also planning to collaborate on building a shared ecosystem of partners and users. In the protocol realm, the partnership with QuarkChain is highly strategic, as DxChain will benefit from the success of a project that would otherwise make for more competition.

DxChain contains three core functions (Solver, Verifier, Judges) in a single platform known as Verification Game which faces competition in the data storage, transaction and distributed computing markets.

While the project is up against some of the biggest players in the decentralized computing and storage markets but the addition of decentralized big data and machine learning algorithm will give DxChain an edge in market. DxChain offers a full suite of data processing features that would otherwise require the use of disparate blockchains. Leveraging this factor toward the goal of user adoption will be vital for the long-term success of the project. The success of DxChain will highly demand on partnerships and getting users trust. Building a thriving and sustainable ecosystem from the ground up will ultimately depend on a strong user base at both the supply and demand ends.

And now you know.

My referral link, https://t.me/DxChainBot?start=m3mdfp-m3mdfp

More information, https://www.dxchain.com/