What problem does this service solve?

district0x is developing a standardized, open-source protocol for creating and managing decentralized marketplaces.GXChain is a P2P data marketplace that allows users to monetize their data on a blockchain-based platform.

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Company Description

district0x is developing a network of decentralized marketplaces and communities powered by Ethereum, Aragon, and IPFS. Marketplaces on the network, also known as districts, are built upon a standard open source framework, consisting of Ethereum smart contracts. Districts provide the core functionalities required to operate a decentralized marketplace. Users can post and search listings, rank sellers, and process payments directly on the platform. The network is powered by the Ethereum-based DNT token.

GXChain allows users to take greater control of their personal data and creates a blockchain-based marketplace of data. Unlike centralized data centers, the GXS marketplace provides more privacy through encryption and allows users to profits from access to their data. GXChain's platform allows users to generate a unique digital identity and manage their personal data through the Inter Planetary File System (IPFS). Users can then monetize this data according to their preferences and well defined smart contracts. The network features an innovative hybrid consensus mechanism that combines Delegated Proof of Stake (DPoS) and Proof of Credit Share (PoCS).

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