DBX made headlines this week with the announcement of their ICO launch that is expected to shake up the Blockchain ecosystem.
The ICO intends to help DBX expand its operations and help businesses utilise blockchain in a workable and “real life” manner. DBX, or Database X, has been described as a fundamental breakthrough in the rollout or usage of blockchain for more businesses.
Before ICOs began, DBX had already completed:
· An open source on github.com of the first version of DBX Chain.
· The launch of the Testnet.
· Created the wallet app.
· The first DApp (decentralized applications), known as Data Game.
More integration of third-party DApps from different industries have already been confirmed, including DApps with over 1 billion USD in annual transactions and a DApp with business in over 400,000 supermarkets globally. Prior to the ICO, the DBX founding team members had invested over $ 530,000 and had raised 5,100 ETH in private funding.
How It Works
DBXChain’s data ecosystem, built on blockchain, is designed for the big data era. The primary mission is to build a highly efficient and safe blockchain network, which encourages strengthened data exchange, and data value mining. The main hindrances of data exchange currently are data wastage, data islands, data scattering, and supply versus demand imbalance. To solve these problems, DBXChain offers a demand oriented, structured community network to serve as a safe, efficient, traceable, connected and deeply useable data trading platform, suitable for data exchange and decentralization. While blockchain to date has been revolutionary, it is limited in terms of real world applications. This is where DBXChain is unique, as it is designed for real world purposes.
The Benefits include a modernised, decentralised Blockchain, real business and real world applications, safe, low cost and efficient, as well as transparent and open.