ProximaX -A Next-Gen Blockchain Protocol with Endless Possibilities

in #proximax4 years ago

When we think of Blockchain then the first thing that comes in our mind is a technology that is decentralized and keeps data safe and secure for life. It can not be manipulated and has the capability to transform the industry it is implemented. But the scope of blockchain is not just limited to this, instead, it has capability to do much more than this. We have multiple blockchain platforms offering decentralized solutions and claiming to be a unique algorithm-based technology and have advanced features.
Blockchain technology was invented in the year 1992 but it was used the first time in the form of cryptocurrency by Satoshi Nakamoto in the year 2008. Identity of Satoisi is still a mystery but he is the first person who introduced the concept of person to person real money transfer through bitcoin which is powered by blockchain. Cryptocurrencies are popular worldwide and without blockchain, we can not think of cryptocurrency. The early version of blockchain was too complex not scalable, fast and not secure enough but now with the high advancement of technology, it has been evolved with highest level security along with fast speed transaction processing.

What is ProximaX

ProximaX is Next-generation blockchain technology that works on the scale and offering high-speed transaction processing in a highly advanced technological atmosphere. ProximaX offers tools to developers to build high-end and robust Dapps (decentralized applications). It combines blockchain, storage, streaming and advanced consensus to one and makes a next-gen blockchain protocol that is capable of handling huge data with faster speed on the scale.

ProximaX is a next-generation Integrated and Distributed Ledger Technology (“IaDLT”) infrastructure platform solution powered by blockchain technology.
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Long Wong is the founder and Ceo of ProximaX and he was the first president of the NEM foundation. Along with Long, Alvin Reyes is co-founder and CTO who is passionate about technology and a developer.

What are the benefits of using ProximaX over other blockchain infrastructures?

In the last few years, blockchain technology is evolving and many big companies exploring the possibilities to use this technology. Multiple industries like Banking, Insurance, Hospitality, Health-care, Real estate etc are working on blockchain to transform their traditional platform which requires a serious upgrade.
ProximaX is way ahead in terms of offering because of 9 technological advantages that come with it and not available with other platforms-

  • Staggering Cost Savings - Cost is the major factor while adopting a new technology platform and ProximaX is the leader as they use a powerful combination of Blockchain and other off-chain technologies which help developers to create the application in less time and this time-saving lead as a cost-effective solution for development.

  • Highly Scalable- ProximaX can huge number of transactions and databases because of its next-gen technology so in case of huge increase in the number of users, its not required to upgrade it and its already capable of handling large user database.

  • Highly Configurable- Since its available in both environments like with-permission and without permission and it can be selected as per the need and it becomes easy to configure.

  • Highly Secure - Cyber attacks and data theft is the main problem but ProximaX is already equipped with a distributed architecture

  • Transparent- Entire data is stored in an encrypted format and time-stamped by the system to ensure transparency in case of any audit requirement.

  • 100% Availability- Platform is backed by IaDLT which ensures that there is no downtime and services will be running all the time.

  • Speed- Speed is an important factor while processing of transaction and ProximaX's distributed environment process the data faster.

  • Easy-to-Use- APK and SDK are available in various programming languages which enables easy integration with applications.

  • Flexible - ProximaX platform offers flexibility which is helpful to connect with outside platforms as well.

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After going through these advantages that come with the ProximaX platform its quite obvious that it is built after an extensive research and a focused approach serve what is required in the industries and how can it benefit them.

What is the benefit of having all the tools required to develop any type of project in one place?

Now with the help of the internet things are getting smarter and making our life easy and convenient. Our life is surrounded by technology like for entertainment purposes we use youtube, Amazon prime videos, Netflix and other video streaming websites. When it comes to social media then we use multiple platforms like- Facebook, Twitter, Instagram, Linked-in, etc. In work-life we use tools like Google sheets, documents, presentation etc. So what I am trying to say that we are connected with technology whatever we in our life.

ProximaX is not just limited to build blockchain and decentralized apps instead it aims to create strong and powerful platform where everything in the technology can be built. Making this kind of platform is surely a great vision and required multiple development tools and speedy action to achieve it. Its very important to have all the required tools available because it saves time and cost both. For example- if the developer team is working on a project and they have all the tool and services that they need then its will take less time for them to complete the tasks whereas if they have to search and find such things then it will waste their time which will attract more cost to it. Aside to that focus will also not be constant so from my point view its highly recommended to have all the tools in one place.


As I already mentioned that there are many blockchain platforms available but they have expertise in the limited area however ProximaX is just the opposite. Its focusing to make a better world through their high-end solutions and implementation of their way advanced services.

ProximaX has the capability in scale to transform the various usability-

  • It can make KYC process smooth and more authenticate
  • Business continuity is important part of the business and it can help in this to keep it running.
  • Records management for health-care services
  • Data application and reporting system can be digitalized completely.
  • Legal services related to documentation etc can be taken to next level.
  • Nowadays online video streaming is highly popular and ProximoX can make it way better and can handle on the scale too.
  • It can transform the way we use communication for work purpose and smart communication is need of time to save time and cost in business.
  • SCM thats also known as Supply chain management is the fastest growing industry in today's time it can also get upgraded to the next level by ProximoX.

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Discuss some of the core services such as storage capabilities, streaming, database and Supercontracts

storage Its era of cloud storage and the world is moving away from physical storage ( like HDD etc) because of its limitation non-convenience. Now we can keep your data online in cloud storage and access it anywhere in the world without ay size limit and no need to carry physically. This is making things easy for individuals and companies as well. Now even computing is moving to cloud storage and the kind of convenience it offers is commendable. So I think it has a bright future and we will see more innovation in the future.
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streaming- This is certainly an important part of life for most of the people in the world. Video streaming is one the most popular way of entertainment and the world is adapting online media streaming services. Companies like Google youtube, Netflix and amazon video etc are the best names as of now who are earning good amount through their services. This is just the beginning and the best of it is yet to come. The kind of streaming solutions Proximo is offering way better than these ones and can take the streaming to the next level.
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Database and Supercontracts - Database management is something thats highly important and should be taken care of properly. Since its about information management so there should no chance to lose it in a y condition. ProximoX platforms ensure that services are always running there will NO downtime so we need not worry about the safety and management of the database.
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Significant offerings by ProximoX

ProximoX has come out with full fledge offerings and a bunch of services that you can in this snapshot. It has capability to support each and every industry and area that we can are part of.

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ProximaX is such a broad platform that has everything. They rightly mentioned in their website that they are working to make a platform available universally and it can be used in anything we need in form technology and empowering human lives through smart and innovative services. I have never seen a platform like this that offers everything that we need in one place.

ProximoX tagline " Blockchain is reimagined and evolved" is perfect and it truly makes it.

ProximaX.io Mainnet went live September 25

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References-

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