First Open Protocol built to support Digital Assets - OXCERT
In a report published by the World Economic Forum in 2016, blockchain technology was observed as one of the emerging technologies set to disrupt the world.
In addition, pundits have further predicted that blockchain technology will disrupt several sectors globally such as healthcare, banking, real estate, voting, gaming, education, cyber-security etc. This is due to the fact that blockchain is a distributed and encrypted digital ledger that provides a decentralized, swift and transparent means for transactions while maintaining high-level security. This emergence of blockchain has further led to the appreciation of cryptocurrencies.
Having realized the potential of blockchain technologies, organizations have tried to leverage on the technology to enhance their business operations and incorporate it into their everyday life. Due to this, there's been a massive development in the blockchain sector as several blockchain companies are trying to leverage on the advantages and disadvantages of the blockchain different generations (1.0, 2.0, 3.0) to provide a blockchain based business integration that is usable for several real-life business scenarios. For example, crypto investors are able to tokenize their asset or even invest in real estates using their cryptocurrency. Due to this, there's been an increasing demand for standardization and base protocols that will enable an easy and seamless ratification of the authenticity, proprietorship, and actuality of an asset.
In furtherance, the initiation of non-fungible tokens in the blockchain sector has further brought about a new development because it enables crypto investors to hold discernible tokens that are of value and also contains distinctive information. For example, users can store intangible assets such as copyrights, certificates, identity cards e.t.c, on the blockchain. Despite this laudable feat, there are still some challenges with the current model.
Despite this great development, it is still discouraging to know that it non-fungible tokens still hasn't been generally accepted in most economies. This can be attributed to several issues such as low development speed, the paucity of conventions and interoperability, archives of verified issues getting lost, and meagre of open-source and blockchain- agnostic solutions. For example, it could take a very long period to develop decentralized applications simply because there's a paucity of a pluggable structure. These issues have further limited the acceptance of blockchain in the populace.
Having identified the current challenges, 0xcert aims to utilize blockchain technology to provide an open protocol for non-fungible tokens. 0xcert aims to address the current challenges by providing a structure with a group of on-chain and off=chain rules for managing xcerts. These group of on-chain and off-chain rules will enable developers to easily manage standardized and certified non-fungible tokens.
0xcert aims to furnish developers with the required resources needed to successfully manage non-fungible tokens.
Brief introduction of 0xcert
0xcert aims to provide a highly secure ecosystem by leveraging on blockchain to provide a decentralized platform for the management, verification, and release of different digital assets platform on the blockchain network. It will utilize validation protocol for verified non- interchangeable tokens that will be hosted on blockchain platform.
One salient thing about 0xcert is that it has a protocol feature template for building certified non-fungible tokens from a carefully-made digital resource pool. It will be interesting to know that 0xcert stands for indispensable symbols that contain details of some digital resources.
Features of 0xcert:
0xcert utilizes the latest technology in an aspect of none interchangeable disaggregation. It will provide developers with a plug and play structure to enable them to efficiently build blockchain applications in the shortest possible time. In addition, there will be ready-to-use resources such as APIs, SDKs, Node JS and Javascript to ensure developers are fully equipped to operate.
Provision of conventions for minting non-fungible tokens for distinctive assets that have been verified. This can be easily achieved because the 0xcert protocol enables the proof of an asset to be easily written straight into the token.
The feature poses a non-interchangeable alliance where synergy, will be the pool for developing some practical applications created on the 0xcert platform. We can quickly grow and connect; this means that 0xcert is a very reliable connection-based platform that supports business models. Due to this, the blockchain complexity will be eliminated.
The 0xcert protocol will address the current challenges associated with the missing registry of verified issuers by utilizing a decentralized verification registry via curated registries. The 0xcert protocol will ensure that all issuers are verified and authenticated in order to ensure their credibility. The decentralization helps to bring about transparency and security because every non-fungible token issued on the platform will need a deployed principal contract and a technique to verfify its authenticity and the identity of the issuer.
Agreements for compatibility and standardization of data. The 0xcert protocol will provide the path for the immovable tokens emission process.
Also, the 0xcert protocol comprises of four different parts namely; 0xcert labs, fungibility 0xcert platform, 0xcert Protocol Users, 0xcert Protocol Developments.
0xcert platform consist of four parts:
The 0xcert Labs: This will work on the latest innovation in the area of decentralization, non-fungibility and blockchain technology
The 0xcert Protocol Users: The team’s resources and energy will go into ensuring adoption of 0xcert technology system
The Non-Fungible Alliance: This is s collaboration hub for building real-life applications.
The 0xcert Protocol Development: The 0xcert protocol is an open-source project that has the team plans to implement a full DAO for protocol governance, which can thoroughly enrich the developer community to an extent.
Advantages of 0xcert
- It helps for management, verification, and release of different digital assets platform on the blockchain network
- It has some high transparency in its operation
- Ability to scale up
- It serves as succour to all digital asset industry
- It provides the needed platform for both crypto investor and trader to thrive
- It is the blockchain based platform for digital asset
Team members
A 0xcert team has a well-structured team full of energized professionals. The CEO Jure Zih was the Marketing Director for Databox within the year 2013-2016, helping many businesses across the globe pay quality attention to what matters. The CTO or Founder Kristijan Sedlak was the CTO at the same place Jure Zih earlier worked, “Doctrine.” Kristijan has been the CTO of five various companies since 2006. The COO Mitja Pirc is a renowned professional startup adviser. He was previously a manager at “A.T. Kearney,” a significant global management consulting firm located in Chicago. Mr Luka Kacil is the Senior Blockchain Developer, having spent three years as COO for APPMonster.
Token
The 0xcert token (ZXC) will be issued in the form of an ERC20 token. It will function as a multi-utility token that will be used to fuel the platform.
Total Supply: 500,000,000
Token symbol: ZXC
Platform: Ethereum
Soft cap: 5,000 ETH
Current price: 1 ETH = 10,000 ZXC
Accepted currency: ETH
Conclusion
0xcert is a highly secure ecosystem for blockchain network. It aims at building a decentralized platform for management, verification, and release of different digital assets platform on the blockchain network. The platform will be taking elaborately on a public source, and validation protocol for verified non- interchangeable tokens that will be hosted on blockchain platform.
One salient thing about 0xcert was that it has a protocol feature templates for building, approved noninterchangeable tokens from a carefully-made digital resource pool. It will be interesting to know that 0xcert stands for indispensable tokens that contain details of some digital resources.0xcert are here to stay to solve the impending need of the digital assets industry.
Kindly visit https://0xcert.org/ for more information
Whitepaper: https://0xcert.org/whitepaper.pdf
Telegram: https://t.me/zeroxcert
ANN: https://bitcointalk.org/index.php?topic=4434967.msg39606689#msg39606689
Twitter: https://www.twitter.com/0xcert
Medium: https://medium.com/0xcert
Writer: Sucre123456
Author's profile link: https://bitcointalk.org/index.php?action=profile;u=1820055;sa=summary
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