DxChain: Decentralized Big Data and Machine Learning Network
In our Quick reviews series we introduce interesting initial coin offering projects that might inspire you to do your own research and decide whether an idea and its development is worth your investment. It’s not an endorsement
Today we are looking at DxChain.
What problem(s) does it target?
DxChain is developing a decentralized big data and machine learning network. The project is based on the premise that data is valuable and data creators should be able to own and benefit from their own data. The team aims to tackle major big data issues such as privacy, ownership, and security while supporting business intelligence and machine learning applications.
DxChain is based on a chains-on-chain architecture which includes one master chain and two side chains. According to the startup, the structure was designed as such in order to solve multiple issues related to data computation, storage, and privacy issues; this would otherwise be difficult to do simultaneously with only one chain.
Who are the team members?
The team is currently comprised of 10 people based in San Francisco. Their combined experience includes backgrounds in security, artificial intelligence (AI), blockchain and big data. Co-founder Allan Zhang is also founder and CEO of Trustlook, which develops AI-based cybersecurity products. Taosheng Shi, blockchain engineer, has over 10 years of experience in distributed system research and development.
At what stage the project is?
Awaiting token sale. They have also recently announced a partnership with QuarkChain to jointly build a blockchain infrastructure ecosystem.
What the main future milestones in their roadmap are?
Q1 of 2019 should see the launch of the mainnet of the master chain, while Q2 of the same year is launching the DSC (Data Side Chain), and in Q3 comes the CSC (Computational Side Chain).
Fundraising status:
Public token sale starts this month, but 81% of the funds (USD 17.5 million out of USD 21.5 million) have already been raised, according to data from ICOdrops.
Most important partnerships?
QuarkChain: a high-throughput blockchain that aims to achieve millions of transactions per second;
Node Capital: a venture capital company focusing on blockchain industry;
8 Decimal Capital: a blockchain venture capital fund that focuses on the blockchain infrastructure layer that addresses security, scalability, and privacy.
How large their community is?
Less than 200 Reddit subscribers, 26,800 Twitter followers, and 55,000 Telegram channel members. The community is mostly interested in the details of the token sale.
What are other similar projects?
Sia, Dfinity
