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GXT ON-CHAIN Blockchain Platform Ethereum
ethereum v2.0
ETHEREUM
V2.0

Ethereum is a distributed computing platform based on block chain technology. Ethereum is an advanced block chain technology from Bitcoin, which stores simple transaction records and is only used as a means of payment, and provides tools, libraries, and APIs for third-party developers to develop their own DAPP SERVICE.

Ethereum is currently developing 2.0 to dramatically improve the speed down the road as the traffic increases, and is expected to release 2.0 in 2020.

The GXT platform is developing advanced services in line with the introduction of Ethereum 2.0. We will link the data of OFF-CHAIN and the GXT system with the Ethereum platform, which is ON-CHAIN, and establish commerce and FinTech platform services

GXT Network Chain Structure

On-chain transaction (GXT MAIN)

On-chain (Ethereum Protocol) registers transaction information on the GXT main block chain network by synchronizing the accumulated information through GXT off-chain transactions. At this time, only the necessary information is registered on the block by minimizing the information from the off-chain.

Off-chain transaction (GXT SUBNETWORK)

The GXT platform service requires a recording system application repository to track and store sensitive data. Important data include credit/input transactions/internal regulatory data (e.g. GDPR) in GXT accounts, and GXT COMMERCIAL SERVICES. This information records the traditional database in a traditional way.

Using relational databases to build auditing capabilities can make mistakes and require custom development, making it difficult to track and verify unintended data changes. By building a cloud-delivered off-chain system, GXT leverages a scalable serverless architecture to easily verify the integrity of past records. By effectively managing and connecting data generated from numerous off-chain logic to the on-chain, we aim to create a hybrid GXT system with a centralized and distributed ownership operation.

gxt network chain structure
GXT On-Chain / Off Chain Structural necessity
Centralized Network

Centralized Network

Centralized Network

Decentralized Network

Centralized Network

GXT HIBRID Network

GXT System Architecture
CLIENT
LAYER

Mobile
Dapp (Android / IOS)

GXT API

Admin Management
Off Chain / Transaction Data
KEY / META DATA

STORAGE
LAYER

③ SHA DECRYPTION HASH DATA / DECRYPTION KEY

SMART
CONTRACT
LOGIC

GXT SMART CONTRACT

GXT
ON-CHAIN
BLOCKCHAIN

GXT BLOCKCHAIN GXT TRANSACTION / ETH NETWORK

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gxt nft

NFT PROCESS

Smart contract application
Send request for gem

Gxt generates send proofs
to the Gxt Method

The Gem Contract verifies

Smart contract application
Receive verified Gem

Basic Operation Method of GXT NFT

1

Smart contract application or WEB sends request to generate meta information of GEM

2

Sending GEM CONTRACT certificate through GXT NFT Method API

3

Information verification through GEM CONTRACT contract code execution

4

Receiving GEM information from SMART CONTRACT APPLICATION to user

GXT NFT is particularly useful for tracing tangible assets provided in the supply network of high-priced assets, such as gemstone, expensive products and art products. Original place, verification, inspection and transaction process of products can be traced in blockchain, since users’ assets are tokenized by GXT NFT function elements. It has the advantage of being able to restrict and administrate counterfeits by specifying them, based on effective quality administration and reliability/non-rigidity. Business is possible by using smart contract in the global jewelry market, and through utilizing GXT FNT Contract, origin of payment system, purchase, transfer, and etc. can be recorded, and standard back-end system can be interconnected as well. Furthermore, back-end system update can be proceeded through the transparent and fully integrated GXT NFT plan, and technical implementation, jewelry verification and payment that can be processed automatically. Incineration is also possible after a certain period or process.