table of contents
- Overview of GXS (GX Chains)
- Features of GXS and what we are aiming for
- It is a major premise to think that personal information will be leaked
- Information about debt is out of the question for banks
- GX Shares is a decentralized exchange of personal information
- The future of GXS
- List of exchanges where GXS can be purchased
Overview of GXS (GX Chains)
|Currency name||GXS (GX Chains)|
|Maximum number of issues||100 million sheets|
|release date||March 2017|
|White paper||– –|
Features of GXS and what we are aiming for
GXS is a token distributed on the platform “GX Shares” that prevents the leakage of personal information by the blockchain technology developed by Chinese company GXB and facilitates the exchange of personal information.
Development is proceeding smoothly, as it has already been commercialized and a general-purpose application is scheduled to be released soon.
It is a major premise to think that personal information will be leaked
If it can be personally identified in combination with other information, it is personal information. Considering this, it cannot be said that personal information is safely protected. Personal information leaks occur all over the world, large and small.
There are various routes for leaking personal information, but most of the causes are human errors, which account for 80% of the total. Having someone other than yourself manage your personal information can be a huge risk. In addition, the depositor must also strictly manage personal information, which can be a burden on business and a risk of leakage.
Information about debt is out of the question for banks
Of all the personal information, the one you don’t want others to know about is the information about lending and borrowing money. Unfortunately, information about lending and borrowing money is collected not only by the companies that have contracted directly, but also by a third party called a credit information agency.
Although it is a credit information agency that is said to have relatively strict information management, the risk of information leakage cannot be ignored. The basic idea of GX Shares is to reduce these risks and allow you to manage your personal information yourself.
GX Shares is a decentralized exchange of personal information
Roughly speaking, GX Shares is a decentralized exchange for trading personal information . A decentralized exchange is an exchange that has no operations and operates only by a program. Since there is no operation on the decentralized exchange, there is no need to deposit personal information for the operation. Of course, if you do not deposit your personal information, it cannot be leaked from inside or outside.
In addition, personal information can be traded with non-financial institutions. For example, when renting a new apartment, if you disclose your personal information to the owner and show that there was no trouble, you can rent a room immediately. Since the owner can rent it with confidence, there is a merit for both parties. Not only the owner of the apartment, but also government agencies and insurance companies can communicate in the same way. GXS tokens are used to trade personal information.
Over 100 companies are already registered with GX Shares . Being able to handle personal information safely is also attractive to businesses.
The future of GXS
It can be said that the future potential at this point is quite high. It is a unique idea to trade personal information instead of crypto assets on a decentralized exchange, and there is no room for competing projects at present, so there is room to monopolize the market share.