What Is GranX Chain (GRANX)?
GranX Chain is emerging as a core infrastructure that leads trust in the fourth industrial revolution, which is defined as a super-connected and intelligent revolution. Blockchain technology has the potential to change various industrial ecosystems such as security, certification, and finance by redefining trust in the interaction between people, people, things and things. Blockchain is noted as a distributed ledger technology (DLT) that allows all participants to jointly verify, record and archive transaction information across the network, and records and manage information distributed over the P2P network without trust agencies.
That is, it will be possible to build a “P2P trust network without a central institution” that is the core of the blockchain. GranX Chain technology is spreading throughout the industry by establishing a cooperative system and demonstrating investment, business and service models of each company, and creating a new industrial ecosystem that has never been before. The market in which blockchain technology develops rapidly and the service ecosystem is rapidly established can be divided into certification markets and financial markets.
The certification market is transforming from a centralized certification agency and service provider-oriented market to a market where individuals, the production entity of information assets, are at the center of the global financial institution (VISA, MASTER), building blockchain technology-based payment systems, verification, technology, and settlement platforms.
GranX Chain Storage Key Points
|Coin Name||GranX Chain|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
The Game Change Team Behind Revival
GranX Chain method of authentication exists in various forms in each industrial domain, proving identity through personal information fragmented according to each service. Such authentication methods have very complex procedures and opaque forms of information provision, making it difficult to manage and utilize information. Most service providers collect, store and use all information held by individuals to solve information management problems, which results in centralization of information
An offline authentication is achieved through diverse methods including resident registration number, social security number, back accounts and credit cards, while an online authentication requires a more complex set of below procedures. Many in the modern society spend a great deal of time and money to prove authenticate their personal identity.
Solution for protection of personal privacy and information security
GranX Chain to the increase in demand for non-face-to-face authentication/payment services in light of the spread of COVID-19, the use of electronic payment services such as simple payment and digital currency services is increasing. These electronic payment services provide convenience of payment but invoke various security issues. There is a consistent issues arising from vulnerabilities in information security demonstrated by cases of fraudulent authentication payment on Toss, Coupang, Japan NTT Docomo.
Unstable simple payment.60% remain ‘Security issues’ According to the survey on 32 simple payment companies in June 2020, Korea Financial Supervisory Service found that there were big and small security problems in 20 of them. Among them, 16 companies conducted payment without receiving device authentication such as smartphones and PCs. This means that if with hacked information, payment can be made on other devices easily.
Biometric ID authentication service
Due to the nature of a self-sovereign service, personal information is not fully disclosed when using the service. DID (Decentralized Identity) service is a service in which individuals, not centralized institutions, directly manage their data. GranX Chain Only information necessary for authentication can be selected and submitted according to the user’s preferences.
GranX Chain The key to a DID service is that data sovereignty is attributed from a central institution (business operator) to an individual user. The current way in which vast amounts of personal information are stored/managed on centralized systems operated by a small number of service providers incurs a great deal of security, operation and management cost.
Decentralized Identity / Business model based on data technology
GU-ID-based ID authentication platform, and payment services, GranX Chain aims to build a business model with reduced cost from a lack of trust through the expansion of electronic authentication ecosystem.
Self-sovereign Identity Wallet
Based on cooperation between various private platform providers, telecommunications / financial operators, build ‘GU-ID’ reference. Provide a platform and API that fits business characteristics of mobile services which demonstrate ‘identity/qualification’ on and offline.
GU-ID Payment Service
GranX Chain No transmission of personal and financial information is required, and various interfaces and robust information security are provided using the closed digital device Gran card. Unique GU-ID and various payment information are organized into Payment IDs to provide
payment services only with GU-ID and Payment ID, without the need for a transmission.