Mapping wallets to organizations and governance
XDEX features an advanced blockchain wallet management system, which enables an enterprise level of governance and controls. Additionally, when structured properly, it mitigates the risk of loss of blockchain-based cryptoassets due to passwords being lost or forgotten – a superior advancement over other blockchain frameworks.
For example, the following structure could be created to reflect the weighting and voting of an organization’s governance.
Imagine a company that has a Chief of Financial Officer (CFO) and some departments working for him, such as the Treasurer, Controller, Tax Manager, Accounting, etc.
The company also has a CEO and a COO who want to have spending or asset account privileges. Therefore, we construct an authority for the funds according to the following:
The CEO, COO, and CFO have their own authorities. But, the COO and CFO account could also have multiple depths, representing a cascading hierarchy of organizational structure and weighted decision authority. This would look like the following:
This example schema allows:
- the CEO to spend funds
- the CFO to spend funds
- the COO to spend funds
- the Treasurer together with Controller to spend funds
- the Controller or Treasurer together with wither the Tax Manager or Accounting to spend funds.
The weighted vote of various deputy staff members to combine their votes to represent a weighted representation for each department
Hence, any attempt to transact at an arbitrary depth can be spanned to construct a flexible authority model to reflect mostly any business governance use-case.
This multi-signature weighting protocol also enables approval processes for 3rd-party intermediaries such as custodians, trusts, and banks.
More XDEX capabilities
Advanced Records Management
The most unique and powerful capability of XDEX is the integrated Advanced Records Management system.
API-based Oracles for Smart Contracts
Certified partners can consume the cloud layer and integrate with XDEX to extend their current enterprise line of business application stack.
Asset Transfers & Payments
XDEX has the ability to send and receive assets to and from any account on the network. Each account can send tokens from their authenticated network wallet to any other named wallet account across the XDEX Network within seconds.
The core production XDEX Network blockchain is a decentralized protocol based on Delegated Proof of Stake consensus (DPoS).
Digital Certificates & E-Signatures
XDEX enables users to digitally sign documents within the ecosystem using the private encryption key system.
The basic unit of record data in XDEX is the document type, which gets assigned to each document loaded into the network.
Document Uploading, Scanning, Importing, and Indexing
As part of a full solution implementation, XDEX can ingest documents out of business workflows in multiple ways.
XDEX logs and hashes every discreet event at every level across the network to provide immutable tracking of who did what, when, and where.
Identity Management & KYC / AML Integration
Connect real-world identity documents and data with hashed user accounts and controls across decentralized networks and data.
Key Management & Custody
XDEX has a robust certificate-based key management system that provides users with the ability to import and manage public and private keys for key signing and access control function.
XDEX can be configured to automatically runs basic OCR (optical character recognition) on documents imported into the system.
Permissioning & Advanced Record Access Control
XDEX has a native Advanced Access Control List (ACL) system that provides highly granular permissioning to every object and function within the XDEX ecosystem.
Create, issue, manage, and burn tokens within the XDEX Network.
XDEX Trading Engine module powers a protocol-based marketplace function built on top of the consensus and operations layer of the XDEX Network blockchain.
Workflow States & Transitions
With the addition of state actions and transition triggers, the workflows in XDEX are no longer just informative but can be part of your actual business automation process.
XDEX Asset Wallet Management System
XDEX features an advanced blockchain wallet management system, which enables an enterprise level of governance and controls.