Introduction

DxChain aims at creating a decentralized computing and storage platform. The project is inspired from the idea that the producers of data should be the real owners of that data. They should have the ultimate control of how the data is shared and used.

DxChain Network provides two fundamental capabilities:

• Computation - the machine learning platform uses the computation power of its peers/nodes to perform data analytics
• Storage - the storage platform is based on hadoop which is used to store big data.

Architecture

DxChain is based on a chains-on-chain architecture which includes one master chain and two side chains.

• Master Chain is used to store ledger and asset information like state, transaction and receipt as well as smart contracts
• Data Side Chain(DSC) is based on IPFS and Apache. Proof of Space-Time(PoST) is used as the consensus mechanism.
• Computation Side chain(CSC) - The miners use CSC to obtain computation tasks. The tasks are broken into subtasks using Map-reduce and then after the completion, the miner updates the status to CSC.
  

Team

The team is currently comprised of 10 people based in San Francisco. The biographies of the key team members are summarized below.

Allan Zhang, Co-Founder – Over 10 years of experience in security, particularly in mobile security, network application protocol detection and network based vulnerability detection assessment. Founder and CEO of Trustlook, which develops AI-based cybersecurity products. Previous roles include senior vulnerability research engineer at Palo Alto Networks and TELUS Security Solution, senior security engineer at nCircle Network Security, and software engineer at Lucent Technology.

Wei Wang, Co-Founder & Chief Scientist – Experience in various fields including blockchain research and development, big data, and distributed systems. Previously the principal scientist of blockchain research at AT&T and the principal scientist of big data & parallel computing at Hortonworks. Prior positions include data scientist at Apixio and various research positions at Columbia University, the University of Pittsburgh, and Carnegie Mellon University.

James Li, Co-Founder – Experienced in blockchain systems design and architecture. Over 10 years of working experience in network security. Previously the manager of the mobile department at Trustlook, the principal security engineer at nCircle Network Security, and a senior software developer at Lucent Technologies.

Taosheng Shi, Blockchain Engineer – Over 10 years of experience in distributed system research and development. Previously worked at NOKIA as innovation manager for 5 years conducting R&D in data warehousing and radio cloud platforms providing expertise in big data integration, data warehouse architecture, etc.

Li Lu, Blockchain Researcher – Over 10 years of experience in distributed systems and big data. Previously the Director of Engineering at LaiOffer, an Internet-based education platform. Previously worked in various positions at The Apache Software Foundation, Hortonworks, Google, and Microsoft. Obtained his Ph.D. in Computer Science at the University of Rochester in 2014.

Advisors of the project include Yan Gong, Professor of CEIBS; Kevin Hsu, Founder of BlockVC; Leo Wang, Founding partner of PreAngel; and Fan Zhang, Partner of Vancoin and former Founding Partner of Sequoia Capital China.

Investors of the project include PreAngel, Fenbushi Digital, BlockVC, Node Capital, Signum Capital, JRR Crypto, Fission Capital, and more.

DxChain Roadmap

Q2 2018

• MVP network launch

Q3 2018

• Master/DSC test network beta launch

Q4 2018

• Master/DSC test network launch
• API/SDK/library beta launch
• Wallet alpha preview

Q1 2019

• Master/Data main network launch
• API/SDK/library publish
• Wallet launch

Q2 2019

• Data model for DSC launch
• DVM preview launch

Q3 2019

• DVM beta
• CSC preview launch

Q4 2019

• Master/CSC/DSC main network launch

DxChain recently debuted a demo of their Alpha MVP, called Rocky Mountains. As an initial MVP demo of DxChain, Rocky Mountains demonstrates storage and retrieval of files on a 5 node network. The demo also introduces the mining and storage functionality of nodes, and the successful upload and download of a test file.

With a testnet release scheduled for Q3 2018 and mainnet in Q1 2019, the debut of the Alpha MVP before the public sale provides an important indication of the team’s ability to follow through on their commitments.

The first enterprise partnership that will leverage DxChain is with Trustlook, Allan Zhang’s own company. Founded in 2013, Trustlook produces AI-based cybersecurity products to protect against malware. Enterprise users of Trustlook products include Huawei, Oppo and Qualcomm. The partnership is significant in that Trustlook provides the built-in virus scan engine for Huawei mobile phones currently in use on hundreds of millions of devices. A cursory glance at Google Play shows beyond the built-in engine on Huawei devices, Trustlook’s mobile security app has 10 million+ installs.

To test the product in a real use case scenario, DxChain plan to launch a dApp via Trustlook rewarding users for sharing behavioral data, which will in turn be analyzed and utilized by partner companies. The partnership with Trustlook provides a channel to streamline acquisition of users via an existing, successful product- a crucial element most competing projects lack.

DxChain has also established a partnership with QuarkChain. DxChain plan to provide data computation and storage functions to QuarkChain. In turn, QuarkChain will assist with improving the performance of the data and computation chains on the DxChain network through sharding. The two projects also plan to collaborate on building a shared ecosystem of partners and users.

Contribution from the QuarkChain team toward development of DxChain represents another positive indicator for the tech progress, as the high-throughput capacity of QuarkChain has already been successfully demonstrated and independently verified.

DxChain has a fairly long roadmap.

Tokenomics

The Token(DX) is used for:

• primary method of payment.
• rewards to miners and computation resource lenders.

This is a fairly standard use-case for a platform token.

Token Metrics

Crowdsale Hard Cap: $21.5 Million

Total Supply: 100,000,000,000

Token Distribution: 22% to investors, 48% to ecosystem, mining and community, 10% marketing and business partners, 10% to team, 10% to foundation

Price per Token: 1 DX = $0.0014 for crowdsale($4 million), $0.0009 for private sale($ 17.5 million)

The private sale investors get 25% of tokens upfront which is a concern for dump because they get almost 50% bonus.

Competition

Computation Platform - Golem, iExec, Sonm, and DADI
Storage Platform - Storj, Filecoin, and Arweave

Verdict

The idea of DxChain is above-average considering no other platform provides a consolidated platform for both storage and computation. However on individual capabilites, it is a fairly competitive space.

The project is definitely hyped because of:

• Strategic investors
• Partnerships
• Lottery with free advertisements from the investors

Considering all these factors, it has a good flipping potential. However, the roadmap is too long to even comment about the long term potential.

My spreadsheet score - 77.42%
Max Score - 80.42%
Flip Score - 79.33%

Spreadsheet link - link

Website - https://www.dxchain.com
news link - https://www.dxchain.com/news/
my referral link - https://t.me/DxChainBot?start=idcpgp-idcpgp