GXS is a decentralized data service and a data exchange blockchain built for a secure and anonymous peer-to-peer exchange of data. The platform personal privacy protection features enable people using the platform to keep their data private in verifies and transfer the authenticity of the data. The GXS to maintain the integrity of data in a legal perspective. The platform also has put in place review thresholds and cross-validation systems for members, to make sure the integrity of users is validated beforehand. They make sure credit and data information services are available for everyone.
Features of GXS
The GXS data trading network as an authentic part of its big data era. The authentic parts some of its features which make the platform a better data exchange for other people. Some of the features include:
Protect Users’ privacy
Users can be comfortable using the platform as each data transaction on GXS is executed upon confirmation of data owners to eradicate any form of a fraudster or illegal data trading.
Abundant first-hand data sources
The GXS system is connected to first-hand data sources provided by major telecom carriers like Union pay. The platform is expectable to tax authorities, social security report and other industrial sources in future.
Data copyright protection
GXS is stringent protection from data copyright. Data copyright has a peel of traceable but unfeasible data sources to enhance data reliability.
Uncached users’ data
There are no central servers or server for PTP transactions to eliminate data monopoly.
GXS offer users plentiful business application scenarios and social information’s scenarios. Users can use GXS to access:
- Loan, loan companies, and banks
- Credit investigation: users can view personal information of housemaid Wang Jiazhi
- Recruitment: you can view the social security record of applicant Jiaying
- Apartment rental: individual can view the criminal record on tenant Chen Gang
- Dating and socializing: view all your personal information of Xu Chengzhui.
GXChain and the incubation plan
GXShares plans to incorporate GXChain in a public chain that will support application development and digital currency issuance. GXShares plans to liberalize GXChain and their data support so that third parties can develop a new application in an easy way.
GXS Chain is the first GXChain-based decentralized APP. The GXS Dapp is the first Dapp developed on the basis of GXChain to facilitate convenient face-to-face credit verification. Moreover, ‘GXS Dapp is GXShare.’ the app enables GXS transfer, collection, and payment in certain scenarios through the mobile wallet. GXShares allows for everyday application scenarios of social information and business application.