Convergence, the global blockchain congress 2019A truly global blockchain conference, Convergence 2019 brought together the blockchain community for two days of intense discussions with regulators, policy makers, industry influencers, and members of the sustainable and social impact community.
Held on the 13th and 14th of November 2019 in Malaga, Spain, it was attended by over 1,000 participants with an exciting program comprising of presentations, panels, workshops, hackathons and cultural events.
An evening of Distributed Ledger Technology: 482.solutions & ProximaX meetup, Kuala Lumpur21 November 2019 – ProximaX and Ukrainian tech partner, 482.solutions held a joint meetup at the ProximaX office in Kuala Lumpur yesterday. This lively event was attended by 40 members of the Ukrainian community, corporates, and technology enthusiasts.
The event started with Lon Wong, CEO of ProximaX giving an update of ProximaX’s development and latest solutions. This was followed by an address by Roman Kravchenco, the CEO, CTO and co-founder of 482.solutions. Roman gave an insightful account of Ukraine’s stance with regards to education and emphasis on technology, and its advanced technological adoption at a national level.
Philippine Start-Up Week 2019: Quezon City Tech DayPhilippine Startup Week 2019 is the country’s first collaborative initiative by the Department of Science and Technology (DOST), the Department of Trade and Industry (DTI), the Department of Information and Communications Technology (DICT), QBO Innovation Hub and other private agencies, to showcase the Filipino startup community through nationwide events.
Quezon City Tech Day brought together the lively local start-up community where each introduced their respective business and discussed how start-ups could be further supported to encourage innovation and growth.
ProximaX Co-Founder and CTO, Alvin Reyes was invited as a panelist for a discussion on how the government could further assist start-ups, along with Joey Gurango, Founder of Servio Technologies and Jaime Hing, Co-Founder and CTO of PayMongo.
Abundent partners ProximaX as systems integratorKUALA LUMPUR – Abundent has signed up with ProximaX as a systems integrator. From developing applications and solutions for clients to automating business processes including the use of artificial intelligence, this official collaboration will witness Abundent using ProximaX Sirius to store data derived from its Machine Learning and Deep Reinforcement Learning applications.
Founded in 2016, Abundent is a tech company headquartered in Kuala Lumpur headed by Tarun Sukhani, a prominent tech entrepreneur in the start-up community in the region. Under his leadership, Abundent has become an industry leader in a number of 4IR areas such as Cloud/Devops/IoT, Data Science/Big Data, AI/Machine Learning/Deep Reinforcement Learning, Fintech/Blockchain, Cybersecurity and Robotic Process Automation.
On being a part of ProximaX’s systems integrators, Tarun said, “We are especially enthused with this new step forward with a next-generation blockchain project like ProximaX. More than anything, we can expand our tech influence to our stable of more than 100 customers located in more than 50 countries worldwide.
Artificial Intelligence and Blockchain: a Perfect Match!ProximaX hosted their new system integrator, Abundent, and guests at the ProximaX Accelerator Centre for a discussion on how artificial intelligence (AI) and blockchain can work together.
Blockchain is a distributed and decentralized ledger of transactions that uses cryptography and encryption for data security, integrity, and immutability. On the other hand, AI with machine learning (ML), makes use of a series of algorithms to learn from a vast resource of data to help make decisions.
Blockchain being a repository of transactions and data makes it an appropriate environment for ML to perform data analytics on-chain. Coupled with distributed storage, ProximaX Sirius presents itself as a very powerful platform to coexist with AI/ML.
LSE ReCode Tech ConferenceProximaX was honoured to be part of the LSE ReCode Tech Conference 2019 organized by the London School of Economics alumni in Kuala Lumpur last week.
The inaugural conference, which was attended by Dame Minouche Shafik, Director of the LSE and former the Deputy Governor of the Bank of England was aimed at providing a platform for LSE alumni corporates to explore corporate innovation with a special focus on fintech and blockchain.
Sue Ng, Director of Global Marketing and Communications moderated a panel discussion titled, “Shaping the 4th Industrial Revolution with Blockchain”. The panel comprised of experienced blockchain leaders from Malaysia including Mark Pui from MW Partners, Reuben Yap, COO of ZCoin and our very own Lon Wong, CEO of ProximaX.
The panel discussed how blockchain technology will impact 4th Industrial Revolution (“4IR”). Lon and Mark explained that blockchain will be an invisible core player in this era of technological revolution. Lon further said that a blockchain-powered technology stack such as ProximaX Sirius would be a good development platform to complement 4IR.
The panel also highlighted a dearth of talent in the country and that in order to support 4IR it is imperative for Malaysia to develop talent locally.
ProximaX and two of its partners, BESC and Abundent also set up booths at the conference’s Houghton Street Tech Showcase which was visited by many of the 200 plus conference attendees.
Japanese blockchain system integrator LCNEM to work with ProximaX on Cosmos integrationSirius Chain, a derivative of the Catapult blockchain project developed by Tech Bureau Inc., will soon be part of the Cosmos realm.
LCNEM, our new system integrator based in Japan, will work with us on crystalizing Cosmos integration, and enlarging the coverage of ProximaX Sirius as part of the Cosmos interoperability solution.
Connecting blockchains is at the heart of interoperability and Cosmos is designed to facilitate it. Integrating Sirius Chain with Cosmos would greatly enhance our scalability, and bring with it the ability to exchange assets with other blockchains within the Cosmos network.
“ProximaX is the first and leading Catapult powered project which rolled out its Sirius mainnet earlier in September. We are excited to partner with LCNEM, a proponent of Catapult. Cosmos will add a further dimension to the Sirius platform as we continue to evolve this world class enterprise solution development platform,” said Lon Wong, CEO of ProximaX.
LCNEM, being familiar with the Catapult technology, which is developed by the original developers of the NEM mainnet, is able to quickly pick up on the inner workings of Sirius Chain. LCNEM will have a holistic and enterprise-grade solution for the Japanese market, as the ProximaX Sirius platform further enhances the power of Catapult technology by integrating distributed and decentralized storage, streaming and Supercontracts. As well as contributing to the development of Catapult technology via the ProximaX Sirius platform, LCNEM also plans to develop vertical system solutions and applications.
“The holistic infrastructure of the ProximaX Sirius development platform will make building solutions using Catapult technology simpler and faster, reducing time to market,” said Yu Kimura, CEO and CTO of LCNEM. “With the addition of interoperability with other chains, especially with Cosmos, we expect interest from the Japanese developer community to grow. We believe the platform architecture and interoperability will enable high performance and scalability.”
The power of the ProximaX Sirius development platform is its ability to keep expanding its service layers horizontally, without burdening the performance of the network. As a matter of fact, as it expands horizontally with more service layers, it will continue to scale in its performance and offerings. Lon Wong further said, “We had a ‘world computer’ in Ethereum as the first generation. That quickly proved to be sluggish as it scaled. Today, we have a next-generation highly scalable ‘multi-layered world computer’, and indeed the first of its kind.”
BTM Blockchain (Technology) Signs System Integrator Agreement with ProximaXCYBERJAYA, MALAYSIA – BTM Blockchain (Technology) Sdn Bhd (“BTM”) has signed a system integrator agreement with ProximaX.
Founded in 2017, BTM is a pioneering Malaysian blockchain company dedicated to serving the market by building cutting-edge solutions which leverage on blockchain, Internet of Things (IoT), and artificial intelligence technologies. With the ProximaX Sirius development platform now in the picture, BTM adds another powerful technology option to its line-up of offerings.
“I believe this collaborative framework is an important one, not just for us at ProximaX but also BTM, as we ramp up adoption of high-tech solutions across industries in Malaysia. BTM itself is a strong tech contender in the market, having demonstrated its ability by developing native apps of its own.” said Lon Wong, founder and CEO of ProximaX.
According to Junichi Kato, CEO of BTM, “There may be many technology providers out there, however, ProximaX Sirius is truly a superior, one-of-a-kind distributed technology platform that enables the development of a wide range of applications and solutions. In addition, ProximaX’s aggressive roadmap, well-rounded team, and experienced leadership are important factors which I believe will help us deliver solutions to our clients.”
ProximaX makes foray into the global IoT Space with XperantiSINGAPORE/KUALA LUMPUR – Xperanti, Malaysia’s first nationwide licensed IoT network provider, enters into a partnership with ProximaX to further innovate and unlock new capabilities in the IoT industry. The partnership entails the utilization of ProximaX’s Sirius Blockchain platform to complement Xperanti’s 0G Sigfox technology to develop purpose-built and cryptographically secured, end-to-end IoT solutions that can be rolled out nationwide using the Sigfox network.
ProximaX and Xperanti will explore the various opportunities to create a strong synergistic effect and enhance data privacy, making IoT applications scalable without compromising data security. This includes implementing digital ID for every device to be tracked, with standards complying unique identifiers, similar to MAC or IP addresses in other implementations.
Public Onboarding to MAINNET“The Public is the Life Blood of a Decentralized Blockchain”
ProximaX works on this theoretical assumption that the public is what makes the blockchain alive, valid and transparent. It revolves around the idea that a distributed system with public participation devoid of conscious partisanship and sectoral interests, will maintain data integrity.
This blog post will attempt to address doubts by answering misconceptions of a public blockchain and why YOU must spin up your node to participate. We hope to assure that YOU (as a community member) can make a better public ProximaX Sirius blockchain, by onboarding yourself as a validator (
https://github.com/proximax-storage/community-sirius-chain-onboarding).
The debate about public blockchains normally revolves around three principles: decentralized validation, community staking and data immutability.
Doc On Chain launches a tamper-proof digital signature solution, powered by the ProximaX blockchainBusinesses and administrations now have a secure way of managing documents such as invoices and certificates with Doc on Chain’s “D.O.C” platform. This all-in-one Software as a Service solution (“SaaS”) will first be launched in South Asia.
HONG KONG – Dec. 19, 2019 – In emerging countries, digital signature technology is a fast-growing industry. Experts expect this market to be valued globally at USD 5.5 billion by 2023. The emergence of a “mobile first” generation combined with blockchain technology will improve efficiency, workflow and security when it comes to signing and managing documents, while significantly reducing cost.
Managed via a blockchain architecture, the D.O.C platform associates tamper-evident digital signatures to a distributed documents storage in a way that is cryptographically secure, privacy-respecting, and machine verified. This enables documents to be digitally signed between two or more parties with the ability to link signatures to credentials to certify identities and let authorities sign.
“The high level of security and services provided will benefit and enable enterprises and governments to increase the use of digital signatures while greatly reducing the costs of document signature management” said by Raymond Bariou, one of the D.O.C founders.
D.O.C is built to facilitate the relationship between participants inside a secure ecosystem which can include issuers, holders, and verifiers of documents. Documents are encrypted, sharded, and distributed across multiple storage nodes, making unauthorized access practically impossible. A mobile application “the D.O.C Vault” for document signers enables them to access documents (to sign and signed) and easily share them with requesting bodies while providing verifiable signature credentials.
Softoya International joins ProximaX as system integratorProximaX welcomes its latest systems integrator, Softoya International (Softoya), a Malaysian-based software and web solutions technology provider.
Softoya International offers high quality ERP systems, customized software, web, and mobile app design and development services with the aim of enhancing the profitability of their clients’ businesses.
Its team of experienced and innovative specialists manage end-to-end solutions, from identifying pain points and barriers, to design and development, to ongoing maintenance and support. Their list of clientele hail from a wide range of industries including telecommunications, oil and gas, automotive, FMCG, engineering, e-commerce, architecture, interior design, real estate, and consulting.
Year in Review 2019 by Lon WongIn 2018, we launched our ProximaX Sirius private net platform within 6 months. It was easy because there was no consensus mechanism that calls for rewards. We planned the design of the reward system for the consensus mechanism in late 2018 and this continued in 2019. The coding of the consensus mechanism, which is an improved version of NXT’s Proof of Stake, began in the first quarter of this year.
2019 has been yet another momentous year for us. First, we had to deal with a moving target of the Catapult code development as it evolved itself. Next, we had to finish the consensus mechanism, the reward strategy, and finally, deal with the swap process of porting over the entire XPX from NEM’s NIS1 chain.
At the same time, we needed to develop the market space. Our emphasis has always been on enterprise and government while we concurrently grow the public mainnet which requires more design input.
We finally launched our mainnet on 25th. September 2019. I should say, our developers have been superb in getting this done within 6 months upon firming up the consensus mechanism design. We are the first to launch a public network based on the Catapult technology, even ahead of Catapult’s public chain release. Our secret sauce has been the strategy we came out with to launch the mainnet ahead of Catapult itself. We have also developed a mechanism for automatic future upgrades. Upgrades will only occur once we have reviewed and decided to merge code that is relevant for our purpose. We have added in many more subtle yet powerful features for the blockchain, including modifying the plugin code to cater for more functionalities. We have tweaked the performance of the technology to be more resilient and resolved some of the bug issues present in the original solution.
This year, we also started designing the Supercontract, a different approach to on-chain smart contracts. We have named it Supercontract because we believe that this is a far more superior approach to what is currently available in the market. Any failure of the Supercontract does not affect the entire blockchain and it is much more efficient and flexible. It has many features of the traditional smart contract but with the added advantage of being massively scalable without burdening the performance of the blockchain. Additionally, one does not need to learn a new language to be able to program a Supercontract. Any of the common programming languages such as Golang, Java, or C++ can be used to program a Supercontract. Another great feature of our Supercontract is that it can optionally be started or stopped based on consensus and is completely decentralized in approach.
The design philosophy of the ProximaX Sirius platform is about parallel and decentralized processing, thereby giving enormous breadth and depth in performance and scalability.
[moderator's note: consecutive posts merged]
