BOX Ecosystem

Bolaxy

Bolaxy Ecosystem consists of 3 main products: Bolaxy Chain, BoxVault and WalletMate.

Bolaxy: Public chain made for supply chain finance

BoxVault: Enterprise-grade & non-custodial institutional crypto wallet

WalletMate: Key storage hardware device used to record Mnemonic, Private Key, Key Store, and Google Authenticator

Bolaxy will be the first blockchain operating system that uses the DPoA (Decentralized Proof of Authority) consensus algorithm and the four-token economic model to achieve full ecological super-high concurrency, providing a series of modular API and SDK call interfaces to meet application requirements for enterprise-grade high-frequency and complex scenarios, and it will play an important role in supply chain finance, STO (Security Token
Offering), and information security. Bolaxy will also become an important foundation for the ecological development of BOX, creating the necessary conditions for the rapid expansion.

Bolaxy chain is a hybrid consensus public blockchain with on-chain governance

In our mind, the Universe is vast and mysterious, and the Galaxy we are in is only a drop in the ocean. The connection between the stars gives the world imagination and breeds infinite possibilities. Bolaxy adopts parent-child architecture, and both parent (main chain) and child chains are decentralized P2P networks. Each node in the network belongs to the parent chain, and nodes are interconnected to form a backbone network with all the data shared. Nodes canalso form child chains. As shown in the following figure, the solid circles represent the nodes of the Bolaxy public chain which are interconnected with each other. The closed loop formed by the solid black lines between the nodes represents a child chain. A child chain cannot
exist as an independent network and must run through the infrastructure of the parent chain.

There are two prerequisites for forming a child chain:

1. Child chain must have at least one node of its own.
2. Child chain must connect to the parent chain.

Bolaxy and the Universe have some similarities. The Bolaxy nodes are interconnected to form a "Universe", which has led to numerous "Interstellar Unions" with high autonomy. Each Union has an independent environment and they are also part of the Universe. In order to depict more of the Bolaxy public chain structure, we build the Bolaxy public chain concept based upon the parent-child architecture.

Definitions

Planet: Non-mining node server in the Bolaxy public chain
Star: Mining node server in the Bolaxy public chain
Union: Bolaxy child chain
Citizen: Bolaxy public chain light wallet mobile client
Ecosystem: Bolaxy public chain, applications, infrastructure and participants

BoxVault

BoxVault is a fully open sourced business wallet, which acts as a token management system for the enterprise. It is specifically designed to integrate the process of enterprise business and the automation of event processing so that the management of the certificate is more in line with the traditional business habits of the enterprise.

Instead of fancy technology, BoxVault only employs axiomatic technology within blockchain and cryptology. It’s applicable for all public chains that support elliptic curve cryptography and offline signatures, which means one-stop solution (one private key) for almost all mainstream tokens.

When it comes to information transfer, BoxVault uses an original public key exchange process to ensure mutual information flow between employees; in point-to-point communication, the Diffie–Hellman key exchange security protocol is used to ensure communication security and ensuring forward communication security. Forward security protects past communications from the threat of passwords or keys being exposed in the future; Private Key needed for transfer is kept in memory and will not be exposed at any time; about the business logic process, the approval flow is constructed by the sequential private key signature. At the same time, BoxVault authorization service has security mechanisms such as intrusion lock and system reset to ensure the high security of enterprise crypto assets.

WalletMate

Before, cryptocurrency holders use paper, computer hard drives, mail, chat tools, cloud notes to store their private keys and mnemonics because non-professional tools are not safe enough.

More than 4 million Bitcoin have been lost since it appeared, accounting for 1/5 of the total number of Bitcoin. The main reason is that private keys are easily lost.

Conventional Recording Method

On-paper Recording: plain text recordings are easily leaked, materials are fragile.

E-mail: Content is easily leaked due to factors such as encrypted transmission protocol and firewalls.

Chat Tool & Cloud Note: centralized server, information security is not guaranteed.

Computer Hard Disk Recording: high frequency of use, and networking, easy to be forgotten or attacked by a virus.

WalletMate is key storage hardware using FPGA (Field-Programmable Gate Array) technology which fuses the logic part after the program is written into, to avoid hacking and increase high security.

What WalletMate can Store

Mnemonic
Private Key
Key Store
Google Authenticator

Features

Anti-tampering: using write-once logic, information cannot be changed once written in, realize physical fusing by using OTP one-time programmable chip.

Double Encryption: check passwords independently to prevent plagiarism; backup content encryption, ciphertext storage. The logic cannot be tampered with.

Durable Components: industrial grade chips, the core memory chip temperature range is -40 to 100 ℃, sustainable work for 20 years at 85 ℃.

Code Open Source: does not collect any user backup information, open-sourced coding.