From the developers at Gongxinbao (GXB) comes GXChain, a public blockchain that offers decentralized data exchange solutions, being the first exchange of its kind in the world. The GXS data exchange does not cache personal data, offering its customers privacy. In addition, the exchange protects data copyright, preventing data fraud and counterfeiting and supports bilateral anonymous transactions. The GXS data exchange, which was commercialized on September 24, 2017, can be used for data exchanging in any industry. Currently, the platform offers solutions for enterprises that engage in network loan, automobile finance, personal loan in internet finance and banks.
GXChain is a blockchain that supports the development of a great number of applications. Unlike other public chains, GXChain does not only support smart contract or blockchain as a service (BaaS) but also delivers many exclusive services, such as ID verification, multi-dimensional data, KYC, and swift login. GXChain currently has 100,000 TPS, which can support most business applications, and it also supports issuing new assets. The second application based on GXChain, GXB Decentralized App (Dapp), deals with personal credit management and face to face credit verification. GXChain employs delegate proof of stake (DPoS) for record tracking on the blockchain and proof of credit share (PoCS) for data exchange consensus.