is a Blockchain Environment that can provide:
/ Decentralised Public Ledgers
/ Digital Logistics
/ Crypto Tokens
/ Database Automation
/ E-Commerce Applications
/ Content Verification
and a constantly evolving host of application and solutions.
https://rinkeby.etherscan.io/ – Testing
This DXP is written in:
This software is being created with:
How it Works:
At its core,
Blockchains work online!
is an open and decentralized
between two parties in a permanent way.
The STYX Software Stack
|2||status||name||Format/Language||order / id|
|3||Styx Core||computer / server / cloud||styx-000|
|4||Styx Host||domaintechnik.at – nyx-labs.com / PHP / APACHE / .node JS||styx-001|
|5||Styx Root||directory / ftp / .zip||styx-002|
|6||Styx Blockchain||.solidity / JSON / .JS||styx-003|
|7||Drachmae Token||Solidity / JSON / .JS||styx-004|
|10||Styx Data Viz||WEB3 / VUE.js||styx-007|
STYX is Blockchain that is connected to the Ethereum Network that can run and process digitel tokens / currencies like Drachmae or Ether!
ERC20 Stands for “Ethereum Request for Comment,”- In Ethereum, tokens represent any tradable goods such as coins, loyalty points etc. You can create your own crypto-currencies based on Ethereum. Additionally the benefit of following ERC20 standard is that your tokens will be compatible with any other client or wallets that use the same standards.
ERC20 tokens simply refer to the requisite technical standard for projects and tokens looking to create and deploy smart contracts on the Ethereum blockchain. At their most basic, ERC20 tokens enable a uniform standard and set of rules governing how tokens behave and function on the Ethereum network. This is crucial for heightened stability and network cohesiveness.
With the gargantuan number of DApps created and deployed onto various blockchains, it’s extremely important to have at least some degree of uniformity and stability on the blockchain – otherwise, the network would fail to properly facilitate transactions in a timely and effective manner. It adheres to the concept of fungibility.
Fungible tokens are designed to have currency-like properties and be used similarly to fiats, rather than being something unique and having inherent value.
Fungibility is the necessary feature of any currency, as it makes it exchangeable, divisible into units, and capable of storing value. Fungibility is a trait found in Bitcoin, ZCash, Ether and any ERC20- based tokens. If you send someone 1 Bitcoin, Ether or Zcash, and get one back, you wouldn’t notice any difference. The value is the same, indifferent of its provenance.
Simply put, the ERC20 token standard is geared towards simplicity and uniformity.
Contracts deployed on a blockchain are immutable, so this means:
Address and code of a deployed contract cannot be changed.
Deploying a newer (or even identical) contracts will create a new address
Code cannot be added to a deployed contract
A Step-by-Step View:
A User requests a transaction on the blockchain.
The block is broadcast to all nodes within a network.
Nodes will validate the transaction and the block.
The Block is then added to the chain.
Transaction gets verified, validated and executed.
This leaves us with:
User Benefits & Competitive Advantage
Once Blockchain Technology has been implemented in logistics and the supply chain, the supply chain as a whole will benefit in numerous ways. The main competitive advantage over traditional systems is increased efficiency across all elements. Shippers will benefit from.
The journey of a product is documented from the start all across the supply chain to its destination. This reveals the product’s true origin and transit locations, which leads to increased trust and a reduction of recalls, as logs can be shared with OEMs (Original Equipment Manufacturers) and regulators.
There is almost an unlimited number of participants from any number of touchpoints that can use the blockchain.
Audits required by internal systems and processes could potentially be eliminated with the help of a shared and permanent ledger that has codified rules.
Due to its decentralized architecture, there will be many opportunities to create new and specialized uses for the technology, catered to a company’s preference.
The issues with existing Supply Chain Management Systems are, that they are very complex to implement and use, especially with all the unconsolidated data they present. Employees need to be trained to use these systems and even once educated, they still seem to deliver a certain degree of complexity to manage and maintain. At the same time businesses and employees need to cope with all various kinds of systems and platforms being used by different companies, highlighting the issue of systems not being cross-platform compatible, resulting that they are cost-ineffective, as well as time-consuming. Different Platforms communicating with each other can lead to transparency issues and could mean that anything moving in the supply chain, might not be able to be traced back, which ultimately means that businesses can use this to tamper with the supply chain.
The shipping and logistics industry is searching for new technologies in order to improve the existing processes, cut costs and increase the transparency of the supply chain. The blockchain technology offers a solution to most current issues. There are certain challenges associated with the implementation of blockchain, but the more companies start implementing this technology, the more examples of successful utilization we will see. There is a number of effective implementation strategies that are being tested now, and the industry is going to change forever as more organizations get involved.