MXM Ecosystem: Data Sharing on the Chain

Technology has made huge strides in the past twenty years, and the number of online users has increased drastically, welcoming the arrival of the Information Age.

McKinsey & Company, an American worldwide management consulting firm once said: Digital data is now everywhere in every sector, in every economy, in every organization, and user of digital technology We are on the cusp of a tremendous wave of innovation, productivity and growth, as well as new modes of competition and value capture all driven by big data as consumers, companies and economic sectors exploit its potential.

It is an indisputable fact that there is unimaginable value in the accumulation of large amounts of data. With the amount of data gathered, a social media platform one uses everyday may even understand the user better than he or she knows themselves. These digital platforms are able to recommend netizens products and services by matching them to the netizens interests based on the browsing data they have gathered from their online activity.

The advancement of the Internet has made tremendous impact on both the individual and the society. Every move made by netizens on the digital server is now being recorded and monitored carefully. Yet, it is precisely the support of these thousands of Internet users that has enabled the success of these Internet platforms that is presently worth more than 9 trillion USD in market value. Unfortunately, these big datas are often under the reins of a select few institutions or organizations, making the phenomenon information island extremely prominent.

On March 2018, the New York Times published an article exposing a security breach in Facebooks user information. The information of an estimated 50 million Facebook users were leaked to a company called Cambridge Analysis and Facebooks stock prices immediately saw a downturn and fell rapidly by 20% following the news.

According to a research report released by the Internet Society of China in 2015, netizens lost about 80.5 billion yuan ($13 billion) over the past year due to personal information leaks, junk messages and web fraud. The research also indicates that nearly half of the netizens believe information leakage is a severe issue that needs to be addressed and resolved quickly.

It can be seen that the rapid development of the Internet is not without its flaws, especially when it comes to the security of personal information. How then can we better resolve the issue of the potential breach of our information security? Blockchain technology provides the optimal solution.

Blockchain technology is essentially an immutable and open distributed database built under the consensus mechanism. It can realize data autonomy, privacy protection, and transaction transparency through a linked peer-to-peer network to ensure data security and consistency. Based on blockchain technology, the MaxiMine ecosystem has built a series of credit services like Dapps and has become a big data platform to serve individuals, and small and medium-sized businesses around the world. MaxiMines ecosystem hopes to resolve common problems faced by the industry such as the prevalence of information islands and the inability to protect data ownership.

Leveraging on the decentralised, transparent, autonomous and immutable nature of blockchain technology, the MaxiMine chain establishes a credit data platform for enterprises and merchants to trade and exchange on. The authenticity of the data on MaxiMine chain is guaranteed and endorsed by a data reviewer to ensure complete transparency and precision.

As the MaxiMine ecosystem continues to expand, data sharing on the chain will gradually be improved and optimized. All data in the ecosystem, including transaction data, contract data, and asset data, will be stored in the blockchain through encryption algorithms and all nodes will soon be able to view any form of data without making any changes to it.

To find out more about MaxiMine, check out our social media accounts at:

Website: https://maximine.io/

Telegram: https://t.me/maximine

Reddit: https://www.reddit.com/r/maximine/

Twitter: https://twitter.com/maximinecoin

Medium: https://medium.com/@maximinecoin

Bitcointalk: https://bitcointalk.org/index.php?topic=3247389.0

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