Through the Internet of things, blockchain technologies and smart contracts, a global halal product ecosystem is established to regulate halal food industry certification system, which aims to trace Halal food, medicine and cosmetics at it's respective origin.
OAX is an ERC20 token developed to fuel an open-source decentralized exchange platform “openANX” which provides an aggregated order book to increase liquidity; holds collateral for asset gateways to reduce credit risk; and features an off-chain, predetermined dispute resolution system governed by the Decentralized Autonomous Organization(DAO) to maximize consumer protection.