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
