DBX (Database Exchange) is a value-based ecosystem of data built on blockchain: it is a decentralized community for exploring and exchanging valuable data; it makes a huge amount of “useless” data to achieve great value by making a perfect match with certain demand undiscovered before; it enables every participator in the community to acquire data with higher efficiency, lower cost and fairer trading.
DBX is a value-based ecosystem of global data asset. As an innovation, the DBX Data Game galvanizes data sharing with a whole new incentive mechanism; the atomized accurate data transactions promote the self-improvement of the data eco-system. Ultimately, the massive data accumulated would ignite an explosive growth of AI/IoT and other applications in the DBX eco-system.
Members of DBX Community could initiate a Data Contest to collect data through DBX network. A contest would be accomplished by multiple nodes, connecting different “data islands” into a continent, maximizing the value of data by assembling a more comprehensive package. With blockchain and a smart contract, both parties of a trading could transfer data directly within a P2P and encrypted network, no data leaking, well-protected privacy and property rights, great traceability and guaranteed execution of the smart contract.
Data Game is a well developed DApp to help its user participating the data contests, users could choose to provide multiple kinds of data and get reward or paid. Data Game also help a data requester to distribute a task like collecting certain type of images, voices, sounds, videos, paragraphs or simply a few words, stored and encrypted within a distributed system. By crowdsourcing, Data Game invites its users to collect dispersive information and combines them into useful big data. All the users could benefit from the data asset by providing and authorizing certain data for trade, and share the value of big data by its own contribution.
On DBXChain, developers could create various DApps to explore the value of data for this immense data asset world. Besides basic smart contracts and BaaS, DBXChain would also provide plenty kinds of structured/unstructured data sets, automatic trading network for data, a great number of data analysis DApps, and a high efficient blockchain system with 100,000 TPS, which together lay a solid ground for commercial product.