PROXIMAX A NEXT GENERATION BLOCKCHAIN PROTOCOL
What is ProximaX?
Proximax is a digital infrastructure that is for the most part, blockchain-driven. But it is much more than the typical blockchain technology. And, I won't exactly call it an improvement on existing technology. It is a hybrid framework that comprises the following core services: streaming, sirius chain, private database, storage and supercontract.
ProximaX combines blockchain, storage, streaming and an advanced consensus algorithm to enable a rich, all-in-one platform for broader cross-industry application and decentralized app development.
ProximaX Sirius platform is all-encompassing, and can be used to power a diverse range of use cases ranging from simple standalone applications to complex systems solutions, according to the needs of the user.
The fully decentralized configuration of the ProximaX Sirius platform integrates with peer-to-peer ("P2P") off-chain components such as content delivery networks ("CDN") and other Sirius offerings. This liberates app developers to expand their creativity in building great P2P applications without fear of non-compliance or being vulnerable to attacks.
Pronlem
This is what the story revolves around. In oder words " ProximaX is on a mission to make a fully fledged platform for universal application development; with blockchain as a value anchor among the builders, funders, and consumers of its new technological paradigm." Having variety of set of tools and services for both developers and consumers on a single platform with inherent benefits of blockchain technology.
In a motive to be unique and innovative, ProximaX is extending the limits and going beyond the regular system by integrating off-chain, peer-to-peer storage, streaming, and database service layers that are often found in traditional software-as-a-service (“SaaS”) centralised architectures.
THE SOLUTION
The blockchain is secure, scalable, decentralized & with dynamic service layers(with expandability features). It reduces the development cost, saves time and the business or the individual can utilize blockchain technology with minimal knowledge.
Keeping all the problems in consideration and to provide a universal solution to all types of business to develop their decentralized application Proxima X provide a solution to integrate its core services such as streaming, storage, and supercontracts together by a common blockchain protocol and give a platform where developer can build different kinds of application. ProximaX provide a set of different kinds of tool to develop wide range of application on its platform. Using ProximaX and its core services you can build next Facebook, YouTube, Steemit, Skype, Amazon or anything else you can think.
ProximaX offers real time solutions to business owners who want the technology of blockchain without the expense of development. Built on the NEM network, ProximaX offers the benefits of a decentralized network by integrating blockchain protocol with off chain layers.
CEO and NEM foundation founder, Lon Wong emphasizes the fact that ProximaX is more than a storage of value coin. In fact, ProximaX is a utility coin offering multiple services to business owners. Services include the application development platform, cloud storage and streaming. ProximaX also insures flexibility as the business can use their own token or ProximaX for payment.
ProximaX Advantages
Proximax is a truly visionary project that perhaps holds the key to real-time utility of blockchain, as part and parsle of our everyday activities. So, I guess time will tell. But if anything, it's an infrastructure that is essentially built to lower the barrier of entry and project management for blockchain enthusiasts and application developers. And, that is value!
RoadMap
PROXIMAX APPLICATIONS
ProximaX KYC is a Know-Your-Counterparty application that is built on top and powered by the ProximaX Sirius platform.Central to any KYC application is the way the KYC data is managed. In a scenario that a customer is uploading a passport copy, the file is sharded (a process to break up KYC data) and each piece is encrypted and stored into multiple and distributed nodes.
To re-assemble and grant access to onboarding teams, the customer uses a private key (similar to a password). The beauty of ProximaX KYC is that when one node becomes unavailable, the next nearest available node will instantaneously take its place, thus ensuring zero-downtime.
Privacy is maintained through pseudonymisation by using a combination of a public key (concealing the individual’s identity) and a cryptographically unique hash for the KYC file (akin to fingerprint).
The blockchain at the core is used as a secure and incorruptible index to locate and manage KYC data. A distributed file management system and a distributed database are used to store the KYC data.
Team
More about Proximax