ProximaX is a blockchain project founded by Lon Wong and Alvin Reyes. The project aims to establish a sustainable and fast network protocol that will improve upon modern blockchain structure. Main focus of the project’s work is making a number of comfortable services for decentralized applications developers.

ProximaX enables a business to almost eliminate back office expenses by cutting out the middleman. Massive data collection is a fact of life for almost any business. Data must be entered, reconciled for regulatory reporting, and passed on to the appropriate individuals. Blockchain technology eliminates many of these steps by providing a real time audit of transaction while maintaining both transparency and security.

The data gathering capability along with smart contracts and cloud storage will change the banking industry, the real estate industry, and almost any business dealing with data on a daily basis. The ability to verify reported transactions in an instant is worth a fortune to these industries.
The applications are endless.

The ProximaX Wallet

Solution: ProximaX

ProximaX is an Integrated and Distributed Ledger Technology (IaDLT) development platform with its multiple plug-ins held together by a common blockchain protocol that provides incentivization, identification, message recording, state management and asset exchange.
ProximaX is a blockchain based platform centered on application development and other easy to use services. It offers a set of useful tools that affords software developers that advantage of exploiting blockchain technology in developing applications.
ProximaX platform is powered by blockchain technology known as ProximaX Sirius, which provides a standardised network that affords multiple core services such as streaming, supercontracts and storage.

Proximax RoadMap

Why Use ProximaX

Real-Time Streaming
ProximaX also make use of the PeerStream Protocol(PSP) for real-time streaming and also make sure users privacy is secured. The PSP is a private routing protocol which is different from onion and 12P routing and it also has it's advantages such as allowing content creator to stream their content without an agent acting as a mediator. It also allow the user to a proclaim their status privately without revealing their IP address.

DFMS P2P File Storage
ProximaX make use of sirius chain to distribute storage file which is done through the Distributed File Management System(DFMS). DFMS will first encrypt the data, that is, it will first change it's form and divide it into smaller units before been stored on the storage nodes in agreement with the sirius chain. P2P decentralised cloud storage network is very important in the sense that files is always available and also allows costumers to access their content even when they are offline to mention little of it's importance.

Live Streaming
In live streaming, the data or content is streamed live, that means recording, transmission, distribution, etc. all happen simultaneously and instantly to the end-users. Here the node actors are many and bandwidth plays an important role for the selection of the node actors. The stream sender broadcasts the streamed data and the stream receiver receives the streamed data, but in between stream sender and stream receiver there are other types of node actors which ensures smooth streaming of data between the two end points.

Stream landing node can receive the streamed data and can broadcast it to multiple stream distributor nodes and/or stream receivers.

ProximaX also gives room for decentralized applications such as file hosting which will help user to harmonize and arrange their files over multiple device in a safe environment. ProximaX also allow users to share their files even without any issue of reliance because it enables them to know where their file is being used. With proximaX, developers will now have the capability to design various DApps for content creators and they will also be rewarded by ProximaX consensus protocol whenever their content is being view by other people. ProximaX also comes with a feature called Know Your Costumer(KYC) which will helps to prevent online fraud which seems to be a major problem of decentralize system.

Proximax Advisors

Proximax Leaders.

partners

More information & resources

proximax.io/