DAEX's core provides unified clearing and settlement services for individual and corporate clients, and adopts distributed ledger technology. 

Ecological Agreement

A unified business agreement is the basis for realizing business paradigms such as clearing as a service. It needs to adapt to diverse scenario needs and meet cross-platform on-chain data sharing through rich abstract business models. Therefore, the recorder of the data by clearing ecology
The formula should be universal, standard and easy to construct. At the same time, it can effectively represent various structured information and have customizable open protocols, so as to realize the cross-platform and cross-chain requirements required as business scope expands.
The ecological agreement specifies the business information domain and format stored in the settlement account book, the business status generated during the business process, the triggering methods and conditions for business status changes, and the update information involved. Since each participant signs a business agreement based on a smart contract with his/her identity accounts, his/her execution process has been objectively endorsed by the blockchain system, including that the agreement is executed consistently on each node, that is, recognized by the business entity; the execution process of the agreement is accurately recorded and the final result cannot be tampered with, that is, the facts of the business being executed cannot be denied.

Ecological Structure

The de-mediation and tamper-free genes of blockchain technology provide a basic solution for the value accumulation and circulation of the DAEX ecosystem. However, to achieve a distributed and autonomous community ecosystem, in addition to the basic platform, which should have good performance, that is, the throughput that can match business needs, the entire ecological infrastructure also needs to reach an overall "consensus" through excellent interoperability, including using distributed file systems to improve data storage performance, optimizing the clearing and settlement model through consensus protocols, improving the security and ease of use of digital asset tools based on multi-asset wallets, and providing business-oriented service interfaces to support fast access and other solutions. This makes the product portfolio of the clearing ecosystem have the following advantages:
(1) More robust
This avoids the possibility of users custodying and transmitting complete keys in private, and takes users as the core and completes efficient accounting on a distributed ledger based on multi-party consensus on the chain.
(2) More richer
Extend the scalability of blockchain and support rapid transactions of multiple assets; at the same time, the upper-level basic services of the clearing chain can retain the original transaction depth and provide a rich business ecosystem of derivatives and smart assets.
(3) More reliable
The segmented key mechanism and trusted computing environment adopted by multi-asset wallets improve asset security; at the same time, the consensus mechanism based on liquidation value factors ensures fair sharing of value incentives and authoritative punishment for fraud.

Project Function

(1) Identity registration
For globally shared identity registration service, users must fill in the necessary identity proof information and provide relevant credential materials. In order to simplify the process, it supports access registration of third-party identity service agencies.
(2) Certification and registration
Authentication registration is to verify the registered identity and complete the encryption and sharding persistence of identity data. After the authentication is passed, the identity chain only registers the encrypted identity information, that is, the identity fingerprint.
(3) Voucher Management
After completing the identity authentication registration, the mapping of the identity credentials is executed immediately. That is, the synchronous binding of the clearing chain address and identity credentials is completed. In addition, this link also provides management services for identity life cycles such as credential addition, update, and cancellation.
(4) Certificate Authorization
Trusted authentication based on identity chains, realize cross-chain and cross-application identity sharing services inside and outside the ecosystem.
(5) Identity identification
After authorization, trading platforms and identity service institutions can use identity authentication services to complete cross-verification and authentication feedback on user identity authentication information.

*The above content is compiled by the official account of non-small accounts. If reprinted, please indicate the source.