ProximaX -A Next-generation Holistic Internet Solutions Platform

in #blockchain4 years ago (edited)

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In April 2018 Lon Wong stepped aside as President of the NEM Foundation. NEM is the world’s first “Smart Asset” blockchain- A secure, lean and adaptive new version of the decentralized blockchain tech. The valuation of NEM was skyrocketing, making Lon Wong a market shaker, giving competition to Ethereum. The reason Mr. Wong had to move away from NEM was to set up ProximaX - " ProximaX is a next-generation Integrated and Distributed Ledger Technology (“IaDLT”) development platform powered by blockchain technology supported by a multitude of core-services such as streaming, storage, and Supercontracts; held together by a common blockchain protocol for identification, incentivization, message recording, state management and asset exchange." - Whitepaper

ProximaX is a platform providing tools for for developers to use in order to build their applications on the robust, smart blockchain. 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. With ProximaX users can build:

  • Social Media Platforms (Like FB, IG, etc WITHOUT infringing on privacy)
  • Streaming Services (Netflix, YouTube, etc)
  • Business Services (Google Sheets, Tracking Software, Wrike, etc)
  • Almost anything else!
    -Source

One of the huge advantages of a powerful integrated suite like ProximaX is the reduction in the set-up time and running costs. Even small and medium businesses can avail of the world class services to set up their net presence; No need for expensive ground work; No need to write or lease exclusive softwares; No online storage hassles and with E-commerce and CRM tools built into the framework you can offer online shopping facilities from day one.

Another great innovation ProximaX offers is the removing of bottlenecks. People writing about the crypto space and working with blockchain technologies always pointed this out- transfer/storage of Data off-chain. This has been solved by ProximaX by integrating the storage into the framework. This means offerings like social media and streaming platforms which generate an enormous amount of data can store most of it or even all of it within ProximaX suite.

Let me list the core services of ProximaX we have referred to:

  • SIRIUS STORAGE & SUPERCONTRACTS
    ProximaX employs DFMS (distributed file management system). A decentralised network which frees the user from having to establish third-party storage, saving both time and money. Additionally this clustered architecture will become more and more faster and secure as more users access it and more data transactions occur with BIGCHAINDB as the core. Files are identifiable via a hash that uses the file's content (Content-addressable storage) ensuring that every file version is unique and won't overwrite any similar file on the network. SuperContracts can be executed removing the need for a middle-man and the blockchain being a transparent platform once the file is in the network the sellers/users can see the changes affected while the distributed P2P storage makes it impossible to tamper with the data. Below are the highlights of the ProximaX Suite

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  • SIRIUS STREAMING
    Live data and video feeds have been the hallmark of high-end social media giants. ProximaX has broken through this glass ceiling by launching these very services at the highest quality and speed by leveraging cutting edge technology. Not Only can ProximaX stream Stored Data/Video but also Live streaming feeds. The REAL SURPRISE is that it does this at a far lesser cost while securing the integrity/privacy of the data via tools to control and manage copyrighted materials. On the user side it ensures ease of use and a 100% availability of the network resources. ProximaX also brings in the consensus protocols which will allow its members to filter out unwanted, spurious and offensive data streams. This means two things; One- universal in-system regulations where there is no "Big-Brother" watching over your shoulder and Two- this network allows the clients of the system to flag and remove content.

  • SIRIUS DATABASE

"The Sirius Database is a private-only service offering, unavailable to the public protocol. Applications requiring a database can use the Sirius Database to build hybrid architectures that can still access the core services of the public infrastructure."source This is a cross platform- capable component as it can also work and transact outside of ProximaX, including Ethereum Virtual Machine and IPFS. With clients increasingly depending on thousands of data files available instantly, ProximaX provides an immutable secure database service which is inherently safe from hacking attacks and downtime accidents the traditional centralized internet architecture is prone to. Moreover every stored data is encrypted and time-stamped by default, ensuring transparency and traceability.
Below graphic represents the usability of such a versatile database:

  • SIRIUS CONTENT REVIEW

With content providers being directly in touch with the end user, they have enormous opportunities for content review through the consensus protocol. Also the economics of the ProximaX environment which is built around the XPX coin opens feedback channels. Content can be segregated for public and private viewing, files can be transferred with varying levels of encryption. This is a whole new vista for developers and users where they can use the inner exchange economy to create new core service (such as a search engine) and their associated tokens.

- source

THE GAME CHANGER OFFERING:
ProximaX has taken a huge step to simplify the use of its platform and make it very economically viable by offering stand alone applications, much like the obscenely expensive yet often slow offerings on the market.

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ProximaX tokenomics is extensive, demonstrating for the first time that apps of any kind can be provided for a fee. This approach is unique to ensure the sustainability of the ecosystem.

"XPX is the native currency of the ecosystem. It is used to pay for transactions on the public blockchain in order to incentivise its network of public nodes that process and record transactions for application service providers (ASP). In addition, ProximaX will be introducing a stable coin so that users get to pay ASPs similar to how mainstream services are being sold i.e. in a fixed value vis-a-vis a volatile cryptocurrency."- Source

Use Case: 1
EarthAlive is an NGO helping create eco-friendly food processing environments around the world. It deals with small farmers and helps them tabulate their environmental data and suggest solutions by comparing it with similar places who are employing age old holistic solutions. EarthAlive volunteers also record the change to the farm and the produce over long periods. ProximaX provides them out-of-the box solutions for storage and sharing data along with monetizing consultations on the network. All this at a fraction of the cost it would take to establish and maintain secure servers.

Use Case: 2

Romany Medical College has managed to set up a state of the art Genome Analysis Lab. It needs to send and receive a huge amounts of sensitive data from doctors and hospitals around the world. Also a payment solution and limiting the data shared and the machine time billed have to be worked out. A solution where transparency and security are as important as speed and 24/7 reliability. ProximaX has set up a private network for them through which all of the transactions- query, billing information, actual data exchange, referral ID verification, billing hours log, payment set up, limiting copyrighted information, etc. are taken care of Within the system.

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LAST WORD:
ProximaX is the future ready blockchain-powered platform that combines an advanced storage network, streaming and an advanced consensus algorithm into an incredibly versatile network capable of cross platform applications and simplifying decentralized app (Dapps) development by providing in it's framework components that where till now off-chain. Already ProximaX is making waves, some of the projects are noted here:

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ProximaX.io Mainnet is live as of September 25th!!!

Addtional Resources like the social media links, news clips and White paper are available at https://www.proximax.io/

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