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
