BEXAM: Bringing Total Evolution to Businesses Through Blockchain Technology

Introduction

Just like water, food or any other essential commodity which man cannot live without, Data has developed to become a requisite tool necessary for our world and its economy to thrive. Major organizations around the globe today rely on data to run its daily activities and generate revenues.
Compared to any other major market today, the global data market has contributed immensely to the global economic stability with this major industry generating a whooping figure of over 42Billion US dollars in 2018. With this recent statistics just being expressed as a tip-of-the-iceberg, experts survey has suggested that this mind-boggling figure will only triple within the next decade. Source.

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With much emphasis being laid on how much data and its management influences major activities in our world today, it is however important to take note of the major bottlenecks rocking this vast industry.
Our ever-developing world and its quest to attain a level of technological supremacy has made the creation, processing and distribution of data a top-notch task majorly carried by leading organisations around the globe.

However, the major mis-management of these data is one of the problem rocking this multi-billion dollar market.
Below is an overview of some real-life scenarios and statistics clearly showing the adverse effect of data mismanagement:

• In 2006, A database containing sensitive personal information on 26.5 million veterans which belonged to the Department of Veterans Affairs was stolen. In less than 3months, the department got reports of over a thousand death threats and abduction of several VA members leading to the loss of millions of dollars. Source

• Gemalto Breach Level Index, revealed that over 2.6 billion records were stolen, lost or exposed globally in 2017, this stat clearly shows an 88% increase from 2016. Source

• IBM records showed that Hackers stole or compromised an estimated $27BN (£20.2BN) worth of records from businesses in 2017. Source

• According to recent survey, mis-managed data cost the United States around $3.1 trillion dollars annually.
  Source: BEXAM whitepaper

These interesting review listed above majorly points at one clear fact; the current data crisis rocking our world has grown to become a major concern.
The growing need to solve the major data crisis rocking our world led to the introduction of Blockchain Technology. While this state-of-the-art form of technology is able to provide lasting solution to the problems of security breaches by creating a decentralized eco-system where quality data management can be done smoothly, Blockchain however, is lagging behind in the aspect of speed and scalability.

Introducing BEXAM: A Blockchain/DAG-Powered Effective Data-management Solution

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What is Bexam?

Bexam is a modern platform that leverages blockchain/ DAG technology to provide a super-secured and efficient eco-system for data management without any compromise on speed and scalability.
Bexam goes beyond the ordinary to provide extra-ordinary services to businesses from diverse fields of life.
With a super-equipped platform running on a user-friendly interface operating with top-notch security provided by blockchain, lightning bolt speed estimated at 0.2 second block time being leveraged through a multi-phased algorithm called the Proof of Round (PoR) and optimal scalability provided by Directed Acyclic Graph (DAG), Bexam is able to provide a full package of solution to our modern day data management crisis.

What Makes Bexam Stand-Out Among Others?

• Top-Notch Security:

With Security being one of the top feature on Bexam's agenda, users are assured of the most modern form of security protocol aimed at providing the best insurance for their data safety.
Bexam have put in place a KYC verification process important for every individual on the Bexam mainframe . This special verification process will help flag down any malicious attempt intended on the platform by immediately identifying such individuals and taking the necessary precautions to ensure the Bexam eco-system is free from hacks and other malicious activities.

• Lightning Speed and Scalability:

By leveraging a consensus-building algorithm called Proof of Round PoR as well as a modern incentivized node handler; the Directed AcyclIc Graph DAG, Bexam is able to provide lightning speed and scalability to the system.
PoR offers lasting solutions to major problems being experienced while working with existing protocols some of which includes: slow blocktime, low transaction speed and poor scalability.
PoR is however, able to provide high transaction speed, perfect scalability as well as fast block time without compromising fairness in its pattern of data generation and distribution.
DAG on its own part helps to increase the number of information-transmitting nodes in every layer thereby creating a more efficient eco-system.

• Low Energy Consumption:

Considering the large amount of nodes Bexam is going to employ; Mega nodes and Super nodes, you might be wondering how much energy will be required to power such large amount of nodes. Unlike other conventional blockchain powered platform, Bexam's energy requirement is considerably low compared to its estimated performance rate. The nodes will only requires minimal computer
specifications in order to run efficiently

Bexam's Mega-Plan to Transform Businesses

It's is a clear fact that major business ventures as well as top industries in our world today place top priority on data security and accountability.
Major key players in the data industry like Yahoo, Facebook, Oracle, Google to mention a few, have been victims of security breaches and hacks in the past and in most cases, these top firms lose huge amount of asset due to this situation.
The importance of security to key players in the industry cannot be overemphasised. Bexam however is aware of this fact, that is why they've deviced a mega-plan majorly for top businesses who aim to adopt blockchain technology. The quote "you cannot eat your cake and have it back" doesn't apply in this case because while adopting blockchain technology, the problem of speed and scalability has been taken care of by Bexam.
Bexam's node structure is also uniquely designed to ensure easy and convenient transfer from the existing database system to blockchain based system without any data loss. Bexam also provides a flexible chain structure to accommodate every customers no matter their interest or preference.
Bexam's mega-plan will cut across every industry bringing solutions to all aspect of life ranging from healthcare, agriculture, energy, information and communication, gaming, social networking, quality survey and a whole lot of others. Bexam has got you covered.

The BXA Token

A unique token has been provided by the Bexam Team which will serve as a major fuel to the platform. The BXA token is a special token which has been peculiarly created solely with the aim of facilitating transactions on the Bexam eco-system.
The BXA token isn't just an ordinary cryptocurrency created to run the Bexam platform, it will distinctive serve as a utility token with various key functions on the platform.

The BXA Token key functions:

Although users will be at liberty to choose their preferred payment method on the Bexam platform. Based on their preference the fiat payment system or the BXA token system will be the major options through which users can facilitate transactions. The BXA token however, will attract a handsome discount of 10% placed on every transactions.

Token Distribution

Bexam's Roadmap

Information and resources:

Bexam Website
Bexam Whitepaper
Bexam Linkedin
Bexam Telegram

All unsourced images were culled from the project's economic and technical whitepapers

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