Blockchain

Blockchain is a safe way to exchange something on the Internet with someone you don't know. The transaction could involve money, information, creative output, votes, or anything else that can be transmitted digitally. Exfluency™ has combined blockchain with the game-changing power of AI to create a platform that is transforming the language industry.

Blockchain, explained

A blockchain is comprised of a network of computers, or nodes, each with a copy of a database, or ledger, containing a list of transactions. Within a blockchain, no single node can change a block within the ledger – which makes a blockchain practically impossible to hack.

 

 

A perfect fit

The language industry and blockchain are a perfect fit: decentralised, a large, variegated creative community, cross-border, and able to handle millions of transactions securely. Blockchain enables us to create a truly global language marketplace that would simply be impossible using a traditional approach.

 

A secure platform

In the none-too distant future, the decentralised nature of blockchain technology might well be the only viable defence against cyberattacks. The security element of blockchain technology will be key to its success in many different facets of the Exfluency platform.

 

Securing reputation

When we award an Exfluenscore™ for the work carried out by our Community members, we store it on a private blockchain. Each Exfluenscore contributes to a member’s Trust Chain: an immutable means of building a reputation within the Exfluency Community.

 

Securing XFL

Anyone who creates or shares a linguistic asset with the Open Community is rewarded with XFL, the Language Coin. Every transaction is permanently stored on a public blockchain. XFL transactions are also controlled by a smart contract – a blockchain program that triggers actions based on work carried out on the Exfluency platform. XFL operates on the famous Ethereum platform.

 

Securing traceability

Every time work is carried out using the Exfluency platform, the details of the transaction are stored on a blockchain. As well as being highly secure, storing this information on a private blockchain means always being able to find out who delivered content, when and in what context.

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