GXChain is a basic chain serving the global data economy, aiming to build a trusted data value network. The public trust chain has the performance advantages of the graphene underlying architecture based on the DPoS consensus mechanism, and also has G-ID, GVM, BaaS, Blockcity pay and other supporting functions on the chain to facilitate the development of various applications. The trusted data component developed by GXChain has gradually opened up all links of trusted data on-chain, trusted data storage, trusted data calculation, and trusted data exchange, and has already had many landing applications and practices, serving quadrillion The level data economy market provides shared, co-governance, transparent and secure underlying services.

1. Project background

The early positioning of Gongxinbao was mainly to solve the pain points of the credit industry, focusing on digital identity and trusted value network, and launched the corresponding product Block City.
The credit investigation service collects, maintains and manages the credit information of the transaction object. Its B-end customers are mainly from the Internet financial industry, including creditors who need to know the future repayment ability of the target. my country's credit investigation market is still in its infancy, and there is a big gap with the European and American markets. The richness, comprehensiveness and coverage of data are the advantages of centralized credit bureaus. However, most of the centralized credit reporting agencies rely on the Internet to form their own coverage groups, closed data loops, and information islands, and rarely share behaviors. This leads to credit reporting data transaction scenarios and businesses, involving consumers, merchants, and financial institutions (Alipay, Alipay, etc.) Banks, insurance companies) and other subjects, it is difficult for consumers to know whether the privacy and interests of personal data can be effectively protected in this process. Most of the behaviors are not authorized by consumers themselves. Whether the problem of "consumers themselves are the masters of their own data" can be solved well is the entry point for GXB to open up the situation in the credit investigation business.

2. GXChain Governance Structure

The basic chain with data economy as the core adopts the DPoS consensus mechanism. Developers can develop applications based on the public trust chain. At the same time, the public trust chain will provide trusted data components for applications within the ecosystem to improve its services, conversion etc. In on-chain and off-chain governance, GXC first exists as an incentive medium, including voting, node election, node maintenance, developer incentives, community activities, etc. The on-chain governance council can initiate a dynamic adjustment of the parameters of the proposal voting decision. In terms of usage consumption, it involves development resource consumption, DApp payment settlement, personal data transactions, etc.

3. Block City (DApp)

Based on the public trust chain mobile application, when the user voluntarily authorizes the data, the data is uploaded to the chain.

Data value is an important resource for business competition. In Block City, the identity G-ID is generated based on the GXChain public trust chain, and the G-ID is in one-to-one correspondence with the identity of a natural person. Once created, it cannot be tampered with. After the user's authorization, GXT will collect the user's personal data and centrally store it on the chain, and hand over the data private key to the user for management, such as e-commerce data, consumption records, operator data, education data, public security bad records, etc., only Only after the individual authorizes and agrees will the collection or access to the data exchange be carried out. That is, it provides options for user data ownership protection and effective utilization.

Related links:
https://www.gxb.io/
https://www.dprating.com/zh/rating/report/83