The following image is an example of what hash value data looks like on a blockchain:
Not exactly human friendly, right?
If someone says a particular token or hash value on a blockchain represents shares of stock in a company, how do they actually prove it with real evidence?
Blockchain shows great promise in bringing efficiency to finance and capital markets – but native blockchain data is not easy to use.
While blockchain solutions have the potential to drive significant value, trust, transparency, & security into capital markets, there’s still a huge gap between the current state of the technology and widespread adoption.
Current blockchain platforms do not create a native, immutable, mathematically provable link between the blockchain and real-world documents about entities, assets, & transactions. This exacerbates the already existing problems with information governance across organizations.
At present, there’s no defined standard to connect a blockchain token to real-world documents.
This is one of many problems we solve with XDEX.
As capital markets continue the march towards tokenization and decentralization, XDEX puts the power of holistic data ownership back into the hands of asset owners, securities issuers and their investors.
With XDEX, you can achieve better data ownership, governance, risk and compliance by unifying records and data from multiple disparate sources into an easily consumable and accessible platform that can be securely embedded into smart contracts as an oracle solution.
This enables an immutable link to real world documents and records as the encrypted hash value of a token moves from location to location across a blockchain network. Whenever the library of information must be accessed for audit, compliance, or any other authorized purpose, the token can call the extended index of metadata to unlock the stored documents and data off chain.