Nowadays data breaches affecting millions of users are too common.

4 min readMar 1, 2021

XSL LABS — YOUR DATA BELONGS TO YOU

Nowadays data breaches affecting lots of users are too common. About 4 billion people saw their personal data stolen within the last 20 years alone. Unfortunately, this will continue to worsen. Every second, Internet users’ data is traded without real control. The necessity to protect personal data will grow with the 5G. On the other hand, blockchain is the most secure data protection technology. The high level of security offered by a distributed ledger system offers benefits to establishing a secure data network. So, we’d like some actors who will solve problems with the digital age by using blockchain technology and advanced cryptographic encryption and a French Project, XSL Labs, is one of these actors.

XSL Labs will be creating an ecosystem within which user data is protected to the maximum level under the General Data Protection Regulation (GDPR) adopted by the European Parliament in 2016. Let’s inquire about the ecosystem.

XSL LABS ECOSYSTEM

SYL Token: SYL is the only utility asset of XSL Labs and native to the Pulsar distributed ledger. It’ll initially exist on the Ethereum network in the type of an ERC-20 token so as to be exchangeable between users after the ICO.

SYL will provide a right of use to its holders, allowing them to use the several services offered within its ecosystem. The maximum number of SYL will be 10 Billion. SYL can be split up to 6 decimal places, which corresponds to 1,000,000 Syloshis for 1 SYL.

The SYL is created and designed to allow:

• Transfer of value

• The purchase of services

• The execution of Smart Contracts

• Network protection against spam

• Reward for validators

Secure Digital Identity (SDI): SDI is a set of encrypted user data that will be stored on the DLT Pulsar and available only by the user through the ONE app. This distributed digital identity is deciphered with a private cryptographic key that only the user holds. The user can decide at any time to close his SDI making his data inoperative and unavailable unless a third party has a permitted right of access to the data contained therein.

The SDI is generated by a Smart Contract, which will ensure the non-use of private data without the user’s permission. Third parties won’t be able to make any modifications to the SDI. They‘ll only have temporary reading rights of the information it holds and can only be able to read the data specifically approved by the user.

The SDI will have two levels of verification (without or with KYC), which will ensure the absolute authentication of users and access to different services depending on their level of verification. Users will be able to access the services without revealing their individual identity when registering or using them.

PULSAR: Pulsar is distributed ledger of the SYL ecosystem and can run with an energy-efficient consensus mechanism. The consensus mechanism is a modification of the Delegated Proof of Stake (DPoS) mechanism with a priority for fairness, inclusivity and for non-favouritism towards large wallets. Pulsar will be governed by European regulation in order to fulfil current and possible administrative requirements. Pulsar is designed to be associated with the procedures:

• Know You Customer (KYC)

• Anti -Money Laundering (AML)

ONE: One is the first central application of the SYL ecosystem, which brings together a substantial part of the services granted through its extensions. These services will be available in SYL. XSL Labs will create ONE as a user-friendly distributed app operating on Pulsar. ONE will be responsible for making Pulsar technology invisible to users in order for them to use decentralization technology without having to possess advanced computer skills.

The 3 pillars of ONE

• Protection of private data

• Scalability and adaptability.

• The integrated wallet.

CONNECT: Connect is a distributed app extension created to boost the local economy by providing a straight link between companies and customers. The extension is connected to ONE to provide users many possibilities such as:

• Real-time service reservation

• Subscription to notifications from local traders

• Online booking with a broad range of professionals

• A trusted gateway for exchanges

SYL LIBRARY: It’s the dApp Store. Like App Store or Play Store, it’ll perform all the services of the SYL ecosystem. It’ll also assure the standard of the services to which they’re GDPR compliant. All services offered on the SYL Library will use SDI as a trust label.

TEAM

Founder: Georges Tresignies

Founder: Ludovic Ryckelynck

TOKENOMICS

Max Supply: 10.000.000.000

Token Sale: 6.000.000.000

Locked Tokens: 3.000.000.000 (With low monthly release)