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Exxor (EXX)

ICO

Last updated: May 04, 2018

Exxor – trademark of the Ineternet of Things technology built to help businesses develop and manufacture networks of interconnected devices. The technology provides a framework and solutions for IoT applications.

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Overview

Project industry

IT & Software

Technical details

Exxor core technology is Directed Acyclic Graphs (D.A.G). For Internet of Things, D.A.G. is much more effective than Blockchain. Verifies two previous transactions with SHA-3 standard hashing algorithm. Higher security to tackle quantum computer with large hash size (1024 bits)

What is Exxor

Integrating the block chain technology with IoT gives us various benefits such as: A decentralized system where the ledger will be distributed to every entity on the network. A trust system which does not require the entities to know each other on the platform. The ability to provide micro transaction services at considerable speeds due to the elimination of the middle-man. The collected data can be solved to companies A higher difficulty of data being tampered due to the big number of nodes present on the network and the Proof of Work (POW) requiring high computational resources for someone to do so. The ability to backtrack previous activities with guaranteed validity thus making it easier to make smart contracts. Tracking activities and certifications to their genesis phase, such as a supply chain over its whole process so that any physical outcome is accompanied by a digital passport that proves its authenticity and origin (IBM Watson IoT block chain). Sharing of indelible records with regulatory bodies and insurers. Can be scaled down to make smart home IoT ecosystems, with cryptographic hashes of device firmware stored in a bock chain to reduce verification time.