Below is an excerpt of Amity’s summary of the DxChain ICO Whitepaper:
What is DxChain?
DxChain is a decentralized network for big data, AI, and machine learning. The DxChain team believes that data analytics has the potential to transform cybersecurity, healthcare, city-planning, and many other fields. But there are problems within the industry as well.
Most data is collected by giant entities such as Facebook and Google. Companies that want to use this data to develop AI applications and smart devices for consumers must pay fees to these giants in order to get access to this data. This increases the cost of machine learning applications and stifles innovation.
The DxChain team believes this problem can be solved through a decentralized network that combines cloud storage and cloud computing, allowing consumers to sell their personal data and companies to make good use of it.
How does DxChain work?
To learn more, visit https://amity.io/blog/dxchain-ico/