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ECOMX USE OF FUNDS TECHNOLOGY, SOFTWARE DEVELOPMENT, INFRASTRUCTURE Refers to the cost of building or acquiring core technology, building and maintaining the eComX blockchain including GAS payment to miners initially in the Ethereum blockchain and later for the eComX blockchain, VM, the eComX token, smart contracts, Dapps, etc. including but not limited to server costs, and development tools, consultants, grants to our EDU partners for specific R&D Projects, and Equipment. SALES & MARKETING Refers to the cost of communicating and delivering the organization’s value to its users and partners, such as general outreach through various channels, public relations, media coverage, community building/management, and advertising. Including Sales and Ambassador’s Team and Consultants. TEAM Refers to the cost of assembling a core of world best scientists, PHD Fellows, Engineers, and blockchain experts to lead and manage the development of the crypto-ecommerce technology. CUSTOMER SUPPORT Refers to the cost of assembling a core of support specialists with deep knowledge of the eComX multiple areas to which the public may need assistance with. LEGAL Refers to the organization’s ongoing legal expenses, due to organization setup, and any and all legal advice. ECOMX DAO ADMINISTRATION Refers to the cost of operating the DAO organization including building rent, consultant fees, depreciation on office equipment, supplies, subscriptions and utilities, as well as managerial compensation. OTHERS Refers to incidental and other miscellaneous expenses which cannot be classified such as travel, lodging, and attending conferences, others. We invite you to share on the vision of eComX and to join us in the eComX project to create a true transformational platform for the future of eCommerce. We believe that eComX will be at the center of the next eCommerce revolution. eComX.org is a non-government organization based on the USA & Switzerland. info@eComX.worldwww.eComX.orgwww.eComX.worldThe blockchain platform for the crypto-commerce economy. |
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MANAGEMENT AND ADVISORS RESERVES 8% (16,000,000) of the EComX Token supply will be distributed to various advisory firms and individual advisors and management team members, who have helped with their inputs, expertise, and the conceptualization and implementation of the eComX platform. These tokens will be dispersed based on a 16-month vesting schedule with 1 million tokens released every month and divided equally by the number of Advisors and Senior Managers listed. The distribution will start 1 month after the private and public sale ends. PARTNERS PROGRAM 5% (10,000,000) of the EComX Token supply will be reserved to develop eComX Partners Program to include major marketplaces, shipping, logistics, etc. ANGELS & BROKERS 5% (10,000,000) of the EComX Token supply will be reserved for bonus tokens for accredited angel investors and for brockers who introduce the project to major investors and whose investors become contributors and partner to the project. BOUNTY and AIRDROP RESERVES EcomX will set aside 2% (4,000,000) of the token supply for a general bounty and airdrop program. The bounty/airdrop program will be open to everyone and will be awarded by eComX as tokens of appreciation for having done or participated on a program that enhances the eComX user community. FOUNDERS eComX's founders will be entitled to 10% (20,000,000) of the EComX Token supply. Theses tokens will be subject to a 12-month vesting schedule. RESERVED FOR MINERS REWARD PROGRAM eComX is reserving 10% (20,000,000) of the EComX Token supply. Theses tokens will be Reserve to cover the GAS for miners of the blockchain transactions. eComX.org is a non-government organization based on the USA & Switzerland. www.eComX.orgwww.eComX.worldinfo@eComX.worldThe blockchain platform for the crypto-commerce economy. |
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eComX Corporation - eComX TOKEN DISTRIBUTION eComX has met its Soft Cap using earlier investments from founders, friends, and family and has completed the project Structure, whitepaper, released the Fiat and Crypto Ecommerce Marketplace, www.eComX.world, and it has released of the eComX “Dapp Store”, along with several other milestones. eComX is now preparing to enter into a pre-sale and a three-phase eComX Token Sale through a TGE to seek further funding to complete the project, the distribution of both tokens and the “Use of Funds” are explained in the next several pages. eComX TOKEN DISTRIBUTION TOKEN SALE - PHASE 1 10% (20,000,000) tokens are reserved for the eComX token sale phase 2. It will be subject to a minimum transaction of $25,000 for Accredited Investors and $50.00 for NON-US Individuals. TOKEN SALE - PHASE 2 30% (60,000,000) tokens are reserved for the eComX token sale phase 2. It will be subject to a minimum transaction of $25,000 for Accredited Investors and $50.00 for NON-US Individuals. TOKEN SALE - PHASE 3 20% (40,000,000) tokens are reserved for the eComX token sale phase 3. It will be subject to a minimum transaction of $25,000 for Accredited Investors and $50.00 for NON-US Individuals. eComX.org is a non-government organization based on the USA & Switzerland. www.eComX.orgwww.eComX.worldinfo@eComX.worldThe blockchain platform for the crypto-commerce economy. |
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eComX DAPP STORE Home of the ecommerce dapps you love or where to discover a dapp you will soon love. The eComX Dapp Store is already available to our community. To access the "eComX Dapp Store" go to " https://www.eComX.org/dappstore" eComX.org is a non-government organization based on the USA & Switzerland. www.eComX.orgwww.eComX.worldinfo@eComX.worldThe blockchain platform for the crypto-commerce economy. |
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eComX PRODUCTS eComX WORLD MARKETPLACE www.eComX.worldFirst crypto-ecommerce marketplace where buyers and sellers can transact using fiat or crypto currencies. Through specialty interfaces, eComX World marketplace allows sellers to open a store or bistro in eComX and instantly sell in multiple eComX online galleries, via its Iphone / Android Apps, and in Facebook, Amazon, and eBay. As part of the continue development, eComX will add additional interfaces to other centralized marketplaces such as Mercado Libre, Rakuten, FlipKart, AliExpress… eComX.org is a non-government organization based on the USA & Switzerland. www.eComX.orgwww.eComX.worldinfo@eComX.world |
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eComX TEAM eComX team is expanding. It represents over 25 years of Vision, Leadership, and Management experience. eComX is currently hiring and adding additional world-class advisors to the project. For a complete list please visit https://www.eComX.org/team. eComX.org is a non-government organization based on the USA & Switzerland. www.eComX.orgwww.eComX.worldinfo@eComX.world |
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ARCHITECTURE eComX will implement a new blockchain optimized for the crypto-ecommerce needs, It will include an array of extensible generic smart contracts for crypto-ecommerce and expand the current consensus mechanism of blocks (POW & POS) in order to optimize the execution of transactions by nodes in the network in a parallel computing alignment framework. 1. The DAO LAYER – Represents the eComX.org functional area where democratic smart contracts for managing the eComX entity hover to support the decentralized, autonomous Organization. Through the DAO is where members interact with the executive, legislative, and compliance committees, its smart contracts afford members a mechanism to nominate and through voting, elect the management team, every 4 years, as it is the case with most democratic organizations. Members can also make proposals and vote on any proposal to be studied or to be implemented by the organization. 2. The DAPPS LAYER – Represents all the decentralized applications running in the eComX blockchain. From eComX native dapps, and from a number of marketplaces, store front services providers, shipping, fulfillment, logistics, and many other organizations, looking to conduct business through the ecommerce blockchain of eComX and to join the Internet of Values. 3. SMART CONTRACTS LAYER – Represents the blood stream of eComX. Here is where the tokenization of centralized assets, the wrapper and transport token ECOMX, the functional smart contracts of eComX, and all other specialized tokens developed by us and/or our partners reside. 4. BLOCK DATA LAYER – Special functionality lives in this area to sort, group, split, and combine transaction requests triggered by events fired from within the tokens that represent them. They are separated into packages that can be consumed by the nodes in the network to perform parallel computing calculations and which perform the execution of code. 5. CONSENSUS LAYER – Here is where the consensus algorithms reside. Proof of Work and Proof of Stake are combined into a Hybrid consensus type in order to ensure the unpredictability of bookkeeping nodes and enhances the security and robustness of the eComX platform by realizing the randomness of the nodes performing parallel computing for eComX. An additional benefit is reached through abstraction in order to achieve better balance between PoW and PoS, to combine the advantages of both, to avoid the centralized trend of computing power or stake, and to achieve a reasonable and stable energy efficiency ratio for parallel computing. Lastly, we seek to dynamically manage the computational power demand by introducing a node-balancing algorithm to harvest additional nodes for the eComX parallel computing machine during peak demand or as the volume of transactions grow. This will guarantee eComX scalability and it will be how eComX solves the current scalability problem in the Internet of Values as it applies to crypto-ecommerce. 6. PEER-TO-PEER NETWORK LAYER – Represents the nodes in the network looking to earn eComX GAS and which are rewarded by eComX for their prompt response to processing of the blocks awaiting computation. 7. IPFS STORAGE LAYER – We will be using IPFS (Inter Planetarium File System) as eComX decentralized file system and will be using a crypto-volt to store all sensitive information which will require the advance knowledge of a private key in order to open individual content stored. That being said, there will be clear separation into two areas within the eComX file system. One PUBLIC and the second PRIVATE. eComX.org is a non-government organization based on the USA & Switzerland. www.eComX.orgwww.eComX.worldinfo@eComX.world |
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eComX PROJECT PLAN Interfaces to various central organizations and external data eComX will provide interfaces for key centralized organizations and external data-sources so that more values and data can be accessed, wrapped and transported to the eComX blockchain. CONTINUOUS DEVELOPMENT The platform will continue to improve and upgrade itself in the aspects of parallel computing, parallel event firing, consensus mechanism, and the platform will be developed into a high-throughput decentralized organization. eComX will continue to reach out to the application market, increase usage of its smart contracts and expand the EComX Token capabilities including the creation of a new family of powerful tokens and interfaces. It will continue to work with centralized organizations and with academia to continuously promote the standardization movement of the eComX blockchain and to sponsor through collaboration and in some cases through grants, the participation of major research universities around the world to pitch in their contributions and to solve critical problems facing the development of the future of ecommerce and of the Internet of Values. eComX COMMUNITY CONTRIBUTION Although eComX Corporation is a private company from the United States, the eComX.org DAO is a public organization, and the eComX blockchain when released will be public, ecomX.org exists as a free ecosystem managed by experts voted into their respective roles initially by eComX Corporation and as time goes by, by its members, rather than by corporation. This time-based transition of the DAO is intended to insure it continues to be true to the vision of the founders of eComX. This means that the organization focus on success from its technological achievements first and not to corporate profitability, as traditional enterprise projects do. The final result of all this effort is to insure eComX.org does not belong to any single organization or individual but that it belongs to the world as we deliver the eComX crypto-ecommerce to the Internet of Values. eComX invites everyone willing, and capable to contribute to join us in continuing the development of the eComX project. Blockchain projects start with an important need or problem to be solved, which also needs to be constantly explored by participants and those in need, encouraging continual improvements. The founders of eComX envision it to be an all-inclusive organization and their intention is to attract more people into the community. The goal is for these projects to be community-oriented from the beginning. eComX COMMUNITY MEMBERS • At the DAO level, eComX members are the administrator, and the people tasked with maintaining the organization on course. At this level, lives the different legislative, executive, and compliance committees, as well as other sponsors and facilitators of the project's platform. • At the technology level our members are composed by eComX developers, organization's development teams, and independent contributors to our software library • Computer Nodes. These are our future miners' community, they represent the nodes doing the parallel computing for eComX. They eComX token economy driven initially by the eComX Utility token will allow eComX to raise contributions for grants, rewards, and GAS payment for those nodes running our smart contracts and at the same time performing a few administrative tasks for the eComX operations. • The eComX.world cross-border marketplace, where sellers and buyers can buy-sell-products using fiat or crypto currencies. • eComX Platform Users. They use the eComX platform for crypto-ecommerce services. These are centralized and decentralized marketplaces, shipping, fulfillment, 3rd-party logistics, inventory management, and marketing organizations. • eComX Token investors, including private equity firms, early investors, late-stage investors and potential investors. • Social Media. • Government agencies. THE IMPORTANCE OF THE eComX.org AS A DAO The purpose of the eComX.org DAO is to mobilize as many participants as possible to organize them in the most effective manner to allow eComX to achieve its core function which is to serve a larger community through the development of a crypto-ecommerce economy based on the Internet of Values. eComX.org is a non-government organization based on the USA & Switzerland. www.eComX.orgwww.eComX.worldinfo@eComX.world |
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COMPATIBILITY WITH ETHEREUM Initially, eComX smart contracts will be based on Ethereum’s smart contracts. For enhancements such as parallel event firing mechanisms and additional functionality, it will be implemented so that the eComX smart contracts and the Ethereum smart contracts remain compatible. This will allow smart contracts now running on Ethereum to easily migrate to the eComX blockchain in the future and it will enable developers of smart contracts to quickly develop on eComX as well. eComX will initially use “Golang” and solidity which is the language of Ethereum as its programming language but with time it will also release its on optimized language also as a next evolution to solidity to better leverage the advances reached by eComX. eComX will leverage the EVM but intends to quickly transition to its own JVM in order to better support Turing-Complete computations in its parallel virtual machine. SOFTWARE DEVELOPMENT TOOLS AND SOFTWARE LIBRARY Overtime, eComX intends to provide more intuitive application development tools and debugging environments for developers to use. It also will provide smart contract programming environments and a rich library covering the full spectrum of ecommerce such as marketplaces, shipping, fulfillment, logistics, inventory, etc. Developers can easily access the eComX software library to achieve the rapid development of smart contracts. We intend to provide a development sandbox for realistic testing before deployment. As the platform’s underlying functions and common ecommerce fundamental applications become more resourceful and sophisticated, application developers can employ these smart contracts by setting preconditions to realize the intended ecommerce applications. In order to further improve such a development environment and drastically reduce the development threshold for developers, eComX future plan includes visual and modular application development tools, a compilation environment and an application test environment, which will allow smart contract developers to focus on innovations for the crypto-ecommerce economy and the Internet of Values. eComX.org is a non-government organization based on the USA & Switzerland. www.eComX.orgwww.eComX.worldinfo@eComX.world |
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Smart contracts allow for richer applications across tokens. However, the current smart contracts circulating in a public blockchain today can only handle the same type of objects, similar digital assets, similar currency, etc. At present, the research on cross-chain transactions mainly focuses on the realization of atomic transactions between two different digital assets. Its limitation lies in the fact that it is far from fulfilling the complex application scenarios presented by the Internet of Values of interoperability. By wrapping different digital assets with EComX Tokens, then transporting them to the blockchain, we solve the interoperability bottleneck and succeed not only on the ability to interact with centralized assets but also in defining complex relationships between these different digital assets in terms of time and space. Taking this idea one step further, by expanding the eComX blockchain to fire multiple events in parallel, eComX makes it possible to accomplish parallel computing regardless of how complex or compounded the token becomes through interoperability. This means that in the future, we should expect eComX to have the ability to create more sophisticated channels for conducting ecommerce, specially, when dealing with cross-border-trade as we know it today. TOKEN TO TOKEN COMMUNICATION The ability for EComX tokens to fire events and to listen to events from other EComX tokens means that the interaction among different assets, transactions, and requests is also possible. The ability to group a series of eComX tokens representing for example, a buyer event, a shipping event, a logistic event, an inventory management event, etc. Means that a complete and more complex packaged transaction can be stitched together and executed as a united by a block or blocks under a given consensus mechanism. For this to go smoothly, eComX must stablish, clearly, the relationships among multiple EComX tokens within their smart contracts. eComX must succeed in separating the usufructs and the ownerships information of the digital assets being wrapped by the EComX Token. In other words, we must be able to use the usufruct part of the asset to conduct a transaction without compromising the ownership of the actual asset until the transaction has been completed through and through. eComX PARALLEL COMPUTING in eComX, the execution of a smart contract is consistent with the way current smart contracts are executed in public blockchains such as Ethereum, that is, it executes in the node’s operating environment (virtual machine). The difference is that the eComX smart contracts include expanded parallel event triggering and can be connected to other smart contracts by the firing and the listening to events mechanism, leading to a chain of events or to the packaging of transactions containing all the necessary supporting steps such as shipping and logistics which without them the ecommerce transaction would fail. For the eComX blockchain to work as a crypto-ecommerce infrastructure for the ecommerce economy, it must scale to staggering high volumes of transactions need to be successfully processed under time and space constraints. This is where the need for improve computer power comes into play. Current centralized organizations invest millions on infrastructure and computer servers to try to handle with scalability issues. eComX has a better and more cost-effective option and that is to harness the power of existing computer power already connected to the network and to leverage blockchain technology and the current consensus mechanism for nodes in the network to perform such computations in parallel. This requires that eComX expands on the current architecture of blockchain technology by the introduction of parallel event firing, sorting, grouping, splitters, and combiners for blocks to be pre-arranged and for nodes in the network to execute them. eComX.org is a non-government organization based on the USA & Switzerland. www.eComX.orgwww.eComX.worldinfo@eComX.world |
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eComX INTEROPERABILITY SOLUTION CENTRALIZE TO DECENTRALIZE COMMUNICATION As mentioned before, blockchains are currently islands on a sea with no viable means to connect with their outside centralized world. As most of the tradable assets in the world have a digital representation that exists only in the centralized world, it is of upmost urgency to solve the issue of interoperability and create no just bridges to the decentralized islands represented by blockchain, but actual super-highways as the need to connect the centralized assets to the blockchain is critical for the Internet of Value to come into fruition. With this in mind, eComX is developing the eComX token, smart token capable of wrapping the asset data structure and transporting it into the eComX blockchain for secured circulation nad processing. This approach insures that the ownership signatures of the asset stays with the asset on only the data needed to conduct a successful transaction in the blockchain is transported into the eComX blockchain. The figure above illustrates how assets or transactions once wrapped by eComX Tokens enter the blockchain to be processed. Once circulating in the blockchain, the eComX token fire events which are listened to by smart contracts and these events in turn are sorted and grouped into blocks by consensus to be executed by eComX parallel computing network of nodes. To achieve the interaction between different tokens, eComX is fitting its EComX Token with the mechanism to listen for events themselves. This gives elasticity to the tokens as they can be combined into more complex transactions for instance, we could envision a purchase request coming from a marketplace, to be listen to by a shipping token, a logistics token, and an inventory token to create a packaged transaction which in turn can be computed and tracked from the purchasing step to the delivery step. eComX.org is a non-government organization based on the USA & Switzerland. www.eComX.orgwww.eComX.worldinfo@eComX.world |
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ARCHITECTURE eComX will implement a new blockchain optimized for the crypto-ecommerce needs, It will include an array of extensible generic smart contracts for crypto-ecommerce and expand the current consensus mechanism of blocks (POW & POS) in order to optimize the execution of transactions by nodes in the network in a parallel computing alignment framework. 1. The DAO LAYER – Represents the eComX.org functional area where democratic smart contracts for managing the eComX entity hover to support the decentralized, autonomous Organization. Through the DAO is where members interact with the executive, legislative, and compliance committees, its smart contracts afford members a mechanism to nominate and through voting, elect the management team, every 4 years, as it is the case with most democratic organizations. Members can also make proposals and vote on any proposal to be studied or to be implemented by the organization. 2. The DAPPS LAYER – Represents all the decentralized applications running in the eComX blockchain. From eComX native dapps, and from a number of marketplaces, store front services providers, shipping, fulfillment, logistics, and many other organizations, looking to conduct business through the ecommerce blockchain of eComX and to join the Internet of Values. 3. SMART CONTRACTS LAYER – Represents the blood stream of eComX. Here is where the tokenization of centralized assets, the wrapper and transport token ECOMX, the functional smart contracts of eComX, and all other specialized tokens developed by us and/or our partners reside. 4. BLOCK DATA LAYER – Special functionality lives in this area to sort, group, split, and combine transaction requests triggered by events fired from within the tokens that represent them. They are separated into packages that can be consumed by the nodes in the network to perform parallel computing calculations and which perform the execution of code. 5. CONSENSUS LAYER – Here is where the consensus algorithms reside. Proof of Work and Proof of Stake are combined into a Hybrid consensus type in order to ensure the unpredictability of bookkeeping nodes and enhances the security and robustness of the eComX platform by realizing the randomness of the nodes performing parallel computing for eComX. An additional benefit is reached through abstraction in order to achieve better balance between PoW and PoS, to combine the advantages of both, to avoid the centralized trend of computing power or stake, and to achieve a reasonable and stable energy efficiency ratio for parallel computing. Lastly, we seek to dynamically manage the computational power demand by introducing a node-balancing algorithm to harvest additional nodes for the eComX parallel computing machine during peak demand or as the volume of transactions grow. This will guarantee eComX scalability and it will be how eComX solves the current scalability problem in the Internet of Values as it applies to crypto-ecommerce. 6. PEER-TO-PEER NETWORK LAYER – Represents the nodes in the network looking to earn eComX GAS and which are rewarded by eComX for their prompt response to processing of the blocks awaiting computation. 7. IPFS STORAGE LAYER – We will be using IPFS (Inter Planetarium File System) as eComX decentralized file system and will be using a crypto-volt to store all sensitive information which will require the advance knowledge of a private key in order to open individual content stored. That being said, there will be clear separation into two areas within the eComX file system. One PUBLIC and the second PRIVATE. eComX.org is a non-government organization based on the USA & Switzerland. www.eComX.orgwww.eComX.worldinfo@eComX.world |
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The eComX blockchain does not require complex logic for various application scenarios. Its purpose is to serve as a decentralized, distributed, infrastructure for crypto-ecommerce, enabling all tokens to interact with our functional smart contracts and in some cases among themselves. The magic of eComX parallel event firing mechanism is that it enables any smart contract to listen to events fired and as the EComX Token is run by smart contract, this means that an asset wrapped by an EComX Token can also respond to events from another EComX Token, thus inter-acting with each other is also a possibility. Because eComX itself does not need to run heavy application logic itself, it is capable of fulfilling various crypto-ecommerce functions. It can solve the problem of interoperability and scalability and become an important infrastructure in the era of the Internet of Values. The public crypto-ecommerce blockchain, as an infrastructure, is at the lowest level in the blood stream of the economic world, unnoticeable to the naked eye, and it is powerful enough to not only process transactions regardless if they are centralized or off-chain but also it can allow assets once encapsulated or wrapped by eComX Tokens, to communicate among themselves through eComX parallel event firing mechanism, thus bringing together augmented-value to the Internet of Values. eComX is to become the crypto-ecommerce platform for the future of the Internet of Values. In addition, since eComX has characteristics such as distributiveness, and of being democratic dis-intermediary, cross-chain, cross-organization, the eComX crypto-ecommerce platform is also an open ecommerce platform. KEY PROBLEMS TO BE SOLVED eComX must create a new public blockchain and a utility token (ECOMX) to serve as a wrapper and transport to centralized and cross-chain assets. eComX must create a parallel event firing mechanism to trigger events for processing by smart contracts listening to specific requests. eComX must create a sorting and grouping mechanism to group events fired into POW or POS blocks for execution in parallel by nodes in the network. eComX must be able to have asses to the data structure of digitized assets through the EComX Tokens so that it can communicate and interact with real world values and data in the Internet of Values. eComX must be useable. It must accommodate large number of transactions represented by ECOMX and other tokens and it must perfect through parallel event firing the maximum throughput of its parallel computing mechanism and maximize the efficiency and speed to processing by making full use of distributed nodes to perform distributed parallel computing. eComX must evolve. The eComX project will need the collaboration of all partners including academia in order to continue to evolve. That is the reason why eComX exists under the wings of a free, and quasi-autonomous organization, that is run by its members and which members through a voting mechanism can be elected to serve as managers lead committees within the organization, as well as having the option to propose new projects, issue grants to universities and individuals, and necome all-inclusive as we invite major marketplaces, and centralized organizations from around the world to join us and to contribute research and software to our software stack, in all areas, which will further enhance the blockchain and through such actions, make eComX the crypto-ecommerce infrastructure for the ecommerce of tomorrow and of the Internet of Values. MISSION eComX mission is to use blockchain technology to build an infrastructure platform to run the crypto-ecommerce applications of tomorrow and to bring the Internet of Values to the ecommerce economy. eComX as an infrastructure platform eComX must be able to freely interact through smart contracts with on and off assets through a process of tokenization as explained above in order to achieve interoperability. Therefore, eComX needs to consider aspects of blockchain core functions and additional blockchain requirements in the area of security, reliability efficiency, and processing capabilities in the future. AREAS OF DEVELOPMENT REQUIRING CAREFUL DESIGN AND PROTOTYPING: • Multi-token communication. • Parallel Event Firing. • Parallel Computing. • The EComX Token security. • The efficiency of eComX parallel computing machine. • To meet the needs of large-scale crypto-ecommerce applications. • To be energy efficiency as the platform reaches a large scale. • To keep the block size and blockchain data storage scalable. • To be able to maintain the computing power of the nodes for parallel computing within a reasonable range as the system scales in size and applications. eComX.org is a non-government organization based on the USA & Switzerland. www.eComX.orgwww.eComX.worldinfo@eComX.world |
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eComX VISION Considering the bright future of crypto-ecommerce and the bottlenecks of the current Internet of Values, we propose the eComX project. The eComX vision is to establish a new enhanced public blockchain for the crypto-ecommerce era that contains all the key elements needed to conduct cross-border trade, and for value transfer, which can connect multiple smart contracts to provide complete ecommerce functionality (Buy/Sell/Shipping/Logistics/Inventory-Mngt/…. A bridge between centralized and decentralized organizations to bring the Internet of Values into ecommerce as early as possible. eComX ARCHITECTURE The rise of blockchains gives people a vision of the prospect of decentralization, and a model built on trust can be imagined, given that what constitute a unite of trust can now we stablished at front programmatically and once deployed, it becomes immutable and temper-free. As crypto-ecommerce transactions are presented in the form of tokens, as long as smart contracts can be triggered to execute these transactions, they can greatly enhance the interoperability of Internet of Values and make increase scalability much more easily. The current cross-chain technology (side-chain technology), which through a two way peg moves transactions to side chains and realizes the exit from side chains by multiple signatures, can only achieve atomic transfers, and the performances in almost all aspects are not good enough. We need to build a new public chain in a more innovative way to allow centralized assets to circulate in this public blockchain through a process of tokenization which uses an eComX utility token as a wrapper to the assets data structure, and which can then transport the asset into the blockchain. Once the asset is in the blockchain, a multitude of smart contracts will be listening to events fired from these transport tokens signaling the arrival of a new transaction. Smart contracts for payment processing, for shipping, fulfillment, logistics, inventory management, etc. will react instantly and in parallel to these events, in a parallel computing scenario which improves the scalability as demanded by the Internet of Values. Because of the wide variety of values, including blockchain tokens, off-chain assets, identity data, and other kinds of data, all of which are “values”, they all can be wrapped and transported into the blockchain by the eComX utility token (ECOMX). We recognize that in the future, there will be many blockchains for multiple scenarios. Since almost all blockchain tokens have and address, The ECOMX TOKEN wrapper utility token will map only the asset data needed to conduct the transaction, this makes the asset a distributed asset without compromising the ownership and other data that needs to stay private. Once wrapped, the asset can be managed by smart contracts and processed by eComX enhanced Turing-complete virtual machine. eComX.org is a non-government organization based on the USA & Switzerland. www.eComX.orgwww.eComX.worldinfo@eComX.world |
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We believe that a blockchain enhanced for ecommerce, a crypto-ecommerce blockchain that solves the issue of interoperability and that makes parallel computing a core scalability attribute, will accommodate most of the off-chain values currently transacted in existing marketplaces as more and more physical assets are represented digitally, assets such as houses, works of art, intelligence and other valuable thing, can also become tokenized or at a minimum wrapped by a specialty token, and then, they can enter into the blockchain for processing, transferring, and proper storage. CURRENT SITUATION OF THE BLOCKCHAIN FOR THE ECOMMERCE ECONOMY Ecommerce activities that exist on the Internet of Values have just begun. Although some people think that blockchain for ecommerce using crypto currencies have taken off, their total value is miniscule in comparison to the 22.1 trillion USD which is the current size of the eCommerce economy. This is not even a drop in the bucket compared with the existing global ecommerce market scale. THE eComX MASTERPLAN First, we need to clarify that we do not expect a blockchain for the ecommerce economy will solve all the problems of centralization. Centralized organizations are important products of the evolution of human systems. They will co-exist with blockchain communities in the future and together promote the formation of the Internet of Values. The difference is that central organizations will become the main service provider of the decentralized services performed by the crypto-ecommerce blockchains. While blockchains will become the infrastructure for the crypto-ecommerce economy, crypto-ecommerce will integrate all kinds of services and people into crypto-ecommerce activities. It is foreseeable that with the development of the crypto-ecommerce infrastructure, traditional ecommerce institutions will gradually be transformed into service providers for the surrounding services and ecommerce applications now possible with crypto-ecommerce. The eComX blockchain will accommodate a wide range of values. This is why as part of the Internet of Values the eComX blockchain is all inclusive. eComX will not exclude all the values that can be mapped to its blockchain, and will not exclude all those people or centralized organizations who are willing to participate, and all of them will become part of the ecosystem of the Internet of Values. eComX is being developed on the vision for an upgraded crypto-ecommerce system, a crypto-ecommerce built on the Internet of Values. While a large number of crypto-ecommerce applications can be abstracted from existing business scenarios and the requirement for the usability of the Internet of Values is not high, still, in order to create a masterplan for a truly comprehensive crypto-ecommerce, we need to address the issues of interoperability and scalability. In particular, we must solve the issue of interfacing centralized ecommerce with a decentralized ecommerce, and the issue of cross-chain data exchange, by developing new tokenized technology that can wrap objects irrelevant of their type (centralized, cross-chain, etc.) and transport them into the eComX blockchain for processing. Only then we can achieve a rich crypto-ecommerce economy. eComX.org is a non-government organization based on the USA & Switzerland. www.eComX.orgwww.eComX.worldinfo@eComX.world |
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The process of values being mapped to blockchains requires abstracting the transactional logic from the business logic on each transaction. Initially, the Internet of Values was created with a strong ecommerce attribute. However, the concepts brought forward by IoA are also ideal for the ecommerce economy. Since the Internet of Values is based on the Internet of Information, the Internet of Values contains most of the features of the Internet of Information. However, as far as information transmission is concerned, there is a notable difference between the Internet of Values and the Internet of Information: The Internet of Values is based on peer-to-peer networks using the User Datagram Protocol, which is why the Internet of Values has certain bottlenecks. In the future, the performance of the Internet of Values will gradually approximate the performance of Internet of Information, so that business scenarios and the ecommerce transactions involved can be seamlessly coded in the same program. However, judging from the current situation, we expect this will take a long time. The current Internet of Values will need a more flexible blockchain with parallel event firing and true parallel computing optimization using a fully Turing-Complete Virtual Machine with much more robust consensus mechanism. Understanding the “value” on the Internet of Value (IoA) Before discussing what eComX does and how it can revolutionize the ecommerce economy, it is important for us to explain what the “value” in the Internet of Values is as it relates to ecommerce. We have already seen the profound impact of the Internet of Information on our lives. We can equally expect that the Internet of Values will bring about tremendous changes to our lives too. We may understand the types of information on the internet, but few discuss the “value” on the Internet of Values. First, the values on the Internet of Values must, at a minimum, be tokenized to enter the blockchain, and at best, the values would exist as tokens circulating in a blockchain, and the process of mapping values to the Internet of Values is the process of tokenization of anything that can be bought and sold, traded, and transacted upon within ecommerce as it relates to IoA. If the tokens on the blockchain represent the crypto-ecommerce transactions, then the digital data structure of the assets will be represented by a token, and at a minimum, it will be wrapped and encapsulated by a general-purpose token that can transport the digital data into the blockchain. It is through this process that the Internet of Values allows more and more transactions to take place in the decentralized internet of values. making transactions with no intermediaries as easy as sending information and the programming of this type of transactions as easy as programming information, making the prospect of the Internet of Values similar to the prospect of the Internet of Information. This prospect has already begun to emerge with the Ethereum when the ERC20 protocol came out, but Ethereum as a unifying blockchain for ecommerce is limited by its inherent lack of interoperability since it cannot communicate with centralized systems and act across blockchains and across external datasets. It also has limitation on scalability as the crypto-ecommerce chain of the future must be able to dynamically handle huge number of transactions a very high speed, similar to way the internet of information handles the transfer of information digitally. Finally, the Values on the Internet of Values must become diverse for it to have a positive impact in ecommerce. In other words, if tokenization is profitable then, anything can be traded from a seller to a buyer, thus becoming a value in the internet of values. eComX.org is a non-government organization based on the USA & Switzerland www.eComX.orgwww.eComX.worldinfo@eComX.world |
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