What is XnY?
Last updated
Last updated
XnY is a blockchain-based decentralized data asset platform, dedicated to providing a secure, transparent, and trustworthy data asset ecosystem.
Data Assetification is the collection of data with user authorization, and XnY generates a unique data fingerprint for these data. Through identification, classification, and rights confirmation, the data is transformed into on-chain token data assets, which have clear property rights, defined interests, tamper-resistance, easy circulation, and traceability.
XnY also focus on the financial attributes of data assets, such as data trading, transfer, pledge, and derivatives, to help data suppliers and demanders maximize the profit potential of data assets.
XnY make data not only a resource, but also an asset circulating in the ecosystem, providing multi-level income channels for all stakeholders.
The diagram above shows the logical structure of the XnY network and the relationships between its various components. Data demanders (such as DeSci Projects, Vertical AI Agents and AML dApps) have specific data needs, while Data Creators provide data and receive incentives. Data Frontiers represents a specific aggregation of data, data creator, data demander, and incentive mechanisms for a targeted collection effort. XnY Network serves as a bridge between data contributors and demanders, streamlining data assetification, storage, and incentivization, while ensuring data privacy and security. (Glossary provides detailed definitions of terms.)
The XnY network includes a Data Assetification Layer and a Data Liquidity Layer. The Data Assetification Layer enable the structuring and on-chain assetification of data and ensure rewards for data creators. The Data Liquidity Layer is currently focused on data usage and sharing, with plans to expand into data trading in the future. The underlying infrastructure uses developed decentralized storage (such as IPFS/Greenfield) and data privacy computing environments (such as Google Confidential VMs) to guarantee secure data storage and privacy protection, enabling the secure circulation of data within the network.
