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
