In an effort to implement an accurate history of transactions, Digix has partnered up with Etherscan, an Ethereum block explorer.
This partnership will record the transactions of DGX, POA Asset Cards, and DGDs.
Digix, the asset-tokenization platform, made the decision to affiliate with Etherscan because they provide “one of the best block explorers for the Ethereum blockchain.”
According to their blog:
“They have made front end publishing of accurate, transaction history and states for the Ethereum blockchain one of the core strengths of their business, efficiently dealing with the chain reorganization issue.”
Chain reorganization was something Digix did not want to rely on. The state of the user interface with chain reorganization fails to present up-to-date and accurate transactions. The Singapore-based company recognized their clientele would not accept anything less than real-time recordings.
Working with Etherscan not only eliminates that issue, but also applies transparency. The block explorer will act as a third party for all transactions and the data will be published on their website.
“Having Etherscan feed this information to our users, instead of Digix doing so is also another added assurance that none of the transaction history / state has been manipulated or tampered with prior to publishing it to the front end UI.”
Digix successfully completed their first crowd sale a few months ago. Within 12 hours, the company reached their goal of $5.5 million.