IPSX - Decentralized Marketplace for IP sharing

magpielover (51)in #cryptocurrency • 6 years ago (edited)

The advent of Blockchain technology has led to the emergence of transparent, decentralized marketplaces for different products and services. IPSX is such a decentralized marketplace, that will leverage blockchain technology to enable the seamless exchange of IPs. There are several applications that require a large number of IP addresses. An example is Data Mining, which is employed by large corporations for cost reduction, key decision making etc. A critical component of this process is Data Acquisition often managed by Web Scraping. This, in turn, requires a large number of IP addresses to scrape the data from different sources. Given such use cases and the lack of high liquid marketplaces for IP presents a unique market opportunity for an exchange like IPSX.

IPSX is a decentralized marketplace that connects the different stakeholders namely- data center owners and individual users. Data center owners and individual users can assume the role of providers and rent IPs to other users, who assume the role of requesters. This will be further bolstered by an Ethereum-based transparent payment system, enabling direct payments between the providers and requesters. The result is a highly liquid marketplace for IPs.

The IPSX ecosystem has three main operational layers;

Blockchain/Ethereum layer - Consisting of Centralizer Smart Contracts that will manage wallets, profiles, and token balances. The team is also exploring the possibilities of integrating the micro Raiden protocol for micropayments in this layer
Front End/Application layer - The user interface by means of the IPSX Java App enabling communication with the Centralizer Smart Contract and the VPN Applications.
VPN connection/Service layer - Referring to Third-party VPN applications used to instantiate VPN
connections between the actors.

In the above, Centralizer Smart Contract will consist of WALLET (ID) that manages the IPSX token balance of the users and other records. JAVA application consisting of the order book, deal book, and matching, will essentially perform the functions of an exchange. IPSX plans to develop SDKs and APIs enabling entrepreneurss & developers to build new applications on top of the existing IPs on the platform.

The use cases will largely benefit the likes of;

VPN providers
Data Mining software
Web crawling bots

IPSX TOKEN (IPSX), TEAM & TGE Info

IPSX is a utility token based on the ERC20 standard used as a unit of exchange between the providers and requesters in the IPSX ecosystem. Further, IPSX will be also be used to power commission payments to the platform. The IPSX project is owned and managed by Geralka Project AG based in Switzerland. Key people include CEO - George Bunea & Concept Architect -Sergiu Draganus. Token details are given below: