The modern financial industry is rapidly digitalizing, and the need for blockchain-based financial data management is increasing daily. Financial systems require integration and interoperability between traditional financial assets and digital assets. Additionally, centralized systems and non-standardized data formats are hindering efficient data exchange, transparency, interoperability, and security.
To address these issues, we propose a "Blockchain Financial Data Exchange Protocol." By utilizing blockchain, we aim to improve real-time data validation and accessibility. Through data standardization and smart contracts, we will achieve automation and decentralization of data management, greatly enhancing transparency, security, and efficiency. The implementation of this protocol will enable financial institutions to make more reliable decisions, reduce data exchange costs, and significantly improve the efficiency of the global financial ecosystem.
Technological innovation in the global financial market has enabled new financial products and services, helping to provide better customer experiences and reduce costs. In particular, advancements in technologies such as artificial intelligence, big data analytics, machine learning, and blockchain have increased the competitiveness of the financial industry and improved the efficiency and accessibility of financial services. Therefore, technological innovation is one of the biggest growth factors in the financial market.
Notably, starting with the inclusion of Bitcoin and Ethereum in ETFs, there has been a convergence between cryptocurrencies and traditional finance. Furthermore, an innovative financial ecosystem is being created based on Real World Assets (RWA) tokenization, which is experiencing significant growth worldwide.
1. Growth of the Financial Market
The fintech industry is experiencing tremendous growth worldwide. In 2023, the global fintech market size reached approximately $310 billion, and it is expected to grow at a Compound Annual Growth Rate (CAGR) of 25% to reach $850 billion by 2028. Fintech is driving innovation in various financial service areas, including payments, lending, insurance, and asset management.
Digital payments are one of the core areas of fintech. In 2023, the global digital payment market size reached about $8.4 trillion, and it is predicted to grow at a CAGR of 13.7% by 2027. The digital lending market has also grown to about $1 trillion in 2023, and it is expected to expand at a CAGR of 19.6% by 2028.
2. Growth of the Real-World Asset Tokenization Market
The Real-World Assets (RWA) tokenization market is a rapidly growing sector due to the introduction of blockchain technology. By converting physical assets into tokens that can be traded on the blockchain, liquidity can be greatly improved.
In 2023, the global RWA market size reached approximately $18 billion, and it is expected to grow at a Compound Annual Growth Rate (CAGR) of 30% to reach about $67 billion by 2028.
Real estate is one of the main areas of RWA. In 2023, the real estate tokenization market size reached about $3 billion, and it is predicted to grow at a CAGR of 33% by 2028. The tokenization market for art and high-value items is also growing rapidly, expected to expand from about $1 billion in 2023 to a CAGR of 35% by 2028.
3. Global Outlook
The outlook for the global financial market and the real-world asset tokenization market is very bright. With the advancement of blockchain technology and regulatory clarification, more institutional investors are expected to enter this market. Additionally, innovations in financial technology and the development of data exchange platforms will increase financial accessibility and enhance the inclusivity of financial services worldwide.
- Asia-Pacific Region: This region is showing rapid adoption of blockchain technology and digital assets, with China and Singapore emerging as major hubs.
- North America: Many blockchain projects and tokenized asset transactions are being activated based on regulatory clarity and technological innovation.
- Europe: The European Union (EU) is developing a digital finance strategy and related regulatory framework to promote the growth of blockchain and digital assets.
The "Blockchain Financial Data Exchange Protocol" aims to lead the innovation of the global financial system by reflecting these global trends. Through blockchain technology, we aim to realize the convergence of traditional finance and digital assets, and create a new financial ecosystem that provides greater value to all participants.
Currently, there are various financial platforms utilizing blockchain technology. Notable companies include Corda, Ripple, Chainlink, and Hyperledger Fabric. Corda is a blockchain platform specialized for financial services, focusing on data privacy and security. Ripple provides a low-cost international remittance solution. Chainlink offers an oracle network that connects smart contracts with external data. Hyperledger Fabric is an enterprise blockchain platform that provides solutions tailored to various business needs through a modular architecture.
Competitors
Features
Differentiation
Corda
A blockchain platform specialized for financial services, focusing on data privacy and security.
Data Standardization: Unlike existing non-standardized data formats, we maximize the efficiency of data exchange through data standardization.
Automation through Smart Contracts: We enhance the reliability and efficiency of transactions by automatically executing data provision and transaction conditions through smart contracts.
Real-time Verification: We ensure data reliability through real-time data verification, enabling immediate transaction processing.
Incentives: We incentivize continuous data provision and activate the ecosystem by rewarding users who provide data with DIX TOKENS.
Ripple
A blockchain-based solution that provides fast and low-cost international remittances, supporting real-time settlement between financial institutions.
Chainlink
A decentralized oracle network that connects smart contracts with external data, integrating various data sources.
Hyperledger Fabric
An enterprise blockchain platform that provides solutions tailored to various business needs through a modular architecture.
DIX's vision is to break down the boundaries between traditional financial assets and digital assets, securely control financial information data, including virtual asset transaction information of individuals and institutions, on the blockchain, and provide a "Blockchain Financial Data Exchange Protocol" that can maximize its value. This aims to build a more reliable financial ecosystem, greatly improve liquidity and transaction transparency, enhance the efficiency of financial asset trading and management, reduce transaction costs, and provide stability, speed, and accuracy.
Furthermore, we provide an environment where individuals and institutions can safely exchange their financial information data on a blockchain-based data exchange platform. This system allows individuals and institutions to securely control their financial data and maximize its value. By incentivizing data provision through reasonable compensation to individuals and institutions providing data, we increase data reliability. The provided data is encrypted for storage, and reliable data exchange is made possible through smart contracts.
Platform users can generate revenue and receive personalized financial services by utilizing the exchanged data, and gain insights into the financial market through data analysis. Through this, we aim to help users make better financial decisions and enhance the transparency and efficiency of the entire financial system.
We aim to secure over 1 million users within the next 5 years and achieve more than 50% growth in transaction volume annually. Additionally, we plan to expand the DIX platform by collaborating with more than 20 financial institutions through global partnerships. By achieving these goals, DIX will play a crucial role in the global financial system.