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.
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.