Review on DxChain Token by Robiul Islam
In the medical field research institutes and pharmaceutical companies need…
In the medical field research institutes and pharmaceutical companies need patient data to conduct research sharing patient data is often challenging due to privacy concerns making the research process difficult and slow, DxChain could allow storage computation and the exchange of the patient's data in a secure and private way on the blockchain and patients would also be compensated for their data being utilized. They have a lot of competitors DxChain instructure is innovative and unlike a lot of the rest of the projects out there, it could be a breakthrough by allowing block chains to have big data and machine learning capabilities, it's also backed by a large amount of VCS who will bring in more partnerships and opportunities for DxChain, that being said they have a long road map it's estimating that all the components of the project will be live Q4 2019 and the company doesn't have other major partnerships besides its co-founders company, I also think for the average person this project in itself and the whitepaper are a little heavy to get through and it may be a deterrent for the non tech person that's not to say that the project won't be successful. It was a harder project to review.
Updated 5 years ago
Rating has not been changed
DxChain released the Testnet 3.0 successfully on July 8, 2019. The release of Testnet 3.0 marked a full upgrade of the existing Testnet and significant improvement of the system functionality, scalability and stability. Testnet 3.0 version implemented the well tested large scale storage function, a series of new features and improved algorithms.
In the next six months, the team will promote the development of the Mainnet.
Pros
- DxChain aims to design a platform to solve the problems of computation of big data in a decentralized manner. DxChain advantage is to tackle transaction storage and computation simultaneously so the blockchain technology can expand its capabilities in big data and machine learning and thereby providing more values to businesses and consumers.
Cons
- The purpose of their DX token is for utility and for fuel it will be the fuel for the cost of transactions storage and for using computational power within the network, it will also be an incentivized reward for those users for providing storage to the ecosystem and giving computational power.
