Check out Lon's XYM Show interview on ProximaX's subChain integration with Symbol!

https://youtu.be/0c43h1vAUX8

ProximaX has developed a simple swapping solution to swap XPX into the Binance Smart Chain (BSC) and Ethereum chain. This solution was created as a result of many requests to list XPX in other exchanges because the current exchanges which XPX is listed in lack reputation, trust, liquidity, and reach.

BSC and Ethereum both have decentralized exchanges and any coin can be exchanged to a second coin in these decentralized exchanges, e.g., Pancake Swap in BSC and Uniswap in Ethereum. We have created this feature and are about to launch it in both BSC and Ethereum.

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The Challenge: Absence of an Energy Marketplace for Businesses to Trade their Carbon Credits

Malaysia-based energy-saving project, Blockchain Energy Saving Consortium, or BESC, was initiated to help create a more sustainable future by mitigating climate change. It helps finance energy-saving projects while motivating individuals and organizations to participate in measures to drive our world towards energy-efficient processes.

One of BESC’s major concerns was there were no energy tracking platforms in the region to promote energy savings. Hence, BESC proposed a solution to create a platform where businesses could track their energy consumption or generation and efficiently trade their energy savings as carbon credits. The challenge, however, was to devise a way for businesses to record their carbon credits and sell or buy any desired quantity of the same.

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We are delighted to announce that we have been named as one of the Top 3 Business Solution Blockchain by CoinList, a platform that covers latest developments in blockchain and related technologies. In the article, CoinList describes the Sirius Platform infrastructure architecture, its advantages and wide range of use cases. It goes on to mention some ProximaX clients who have adopted our technology through the use of the Sirius platform.

Shortly after this article was released, Lon Wong our Founder and CEO was named as a key crypto influencer in Asia for 2021. According to a write-up by Digital Business Lab, Lon ranks no. 9 as a “quality Crypto influencer”. The influencers who made it on the list are noted for being “exceptional, insightful, and engaging.” The methodology used to identify influencers was based on Twitter profiles, and media and intelligence tools powered by Meltwater.

For those of you who caught Nicholas Watson, our Director of Fintech Solutions, present mWallet at the Huawei Cloud FinTech Digital Innovation Symposium, we are pleased to let you know that this was well received by Huawei and Morpheus Labs. We are currently in discussions with both these parties to develop and realize a mutually beneficial working partnership to take ProximaX’s technology out to market.

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We are pleased to announce the launch of the Sirius Stream service layer on the ProximaX Sirius platform test network. This launch includes a software development kit (SDK) and a proof of concept application.
What is Sirius Stream?

Sirius Stream is a fully anonymous, end-to-end encrypted messaging and video streaming protocol and framework. This service layer utilizes the Sirius Stream Protocol (SSP) for secure and high performance real-time messaging and streaming services.

Sirius Stream has two core services:

Storage Streaming
Storage streaming is an extension of the Sirius Storage service layer that enables platform users to stream pre-recorded content (e.g., movies and videos). Solution providers can use the service to power a Netflix or YouTube type app.

Live Streaming
Live streaming is an independent streaming service layer that utilizes Sirius Chain for identification and incentivization. It allows for real-time broadcasting and sharing of content (e.g., chat, phone calls, and video conferencing), which forms the basis for short text messaging and multimedia or hybrid systems, like WhatsApp and Zoom.

Sirius Stream is a service that allows streaming through an open node ecosystem. Like Sirius Storage, it will also come with different system actors to facilitate a secure and performant service. The network incentivizes public nodes to provide a streaming service.  According to free-market principles, streaming nodes are selected by the system, taking into account node reputation and a selection mechanism.

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2020 has been a rather uneventful year, specifically how Covid-19 has hit the world so hard and impacted global mobility and businesses. Naturally, ProximaX was affected by the pandemic insofar as its progress was concerned.

The Sirius Chain has clocked over 2.625 million blocks now and has shown to be working smoothly since its launch on 25th September 2019. However, in 2020, we fell short of our target to launch the Storage, Supercontract, and Stream. Although the Storage and Supercontract were launched on the mainnet in the last quarter of 2020, the plan was to launch it much earlier. The reason for the late launch was the reward mechanism that we were trying to work on, as well as some of the limitations in the Supercontract working hand in hand with the Storage. This resulted in us going back to the drawing board often. More improvements are expected in the coming months.

Essentially, we are nine months behind time as we play catchup this year. We shall be tweaking the Storage and Supercontract and also prepare to launch the streaming component. SDKs, APIs, and tools shall be developed further. We will put more effort into working on the Supercontract as we believe this will be a driving factor later for a more holistic ecosystem.

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Congratulations to the Faculty of Economics and Management (“FEM”) of Universiti Kebangsaan Malaysia or the National University of Malaysia for conducting their first-ever blockchain-powered e-voting process!

This election saw a total of 757 students take to the polls on 7th November 2020 to exercise their democratic rights in electing representatives for the faculty. While the election of student representatives isn’t something new, this year’s process was done via e-voting using ProximaX Sirius technology.

It is no secret that traditional balloting systems have many weaknesses. Just last week, the US 2020 general elections saw reports and allegations of voter fraud, intimidation, and lost ballots. Driven by these inherent flaws and the need for social distancing due to the COVID-19 pandemic, the forward-looking FEM ran their student council elections using the Sirius Blockchain Voting application (“SBV”).

The use of blockchain technology in voting can ensure that votes cast are immutable, irreversible, and tamper-evident. Furthermore, voters can be anonymized, and voting can be done without the need for physical presence, a feature especially relevant given the new normal set by COVID-19. The use of this technology also enables vote counting to be automated and taking place in real-time, thereby not only saving time but eradicating errors in physical ballot counting, mishandling, and cheating.

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We are pleased to announce that we have upgraded the public main network to support the upcoming launch of Sirius Storage and Supercontract. This upgrade follows the same that was performed last week for the test network. Important: Main network participants will need to upgrade their nodes accordingly.

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DUBAI / SINGAPORE, 10th September 2020 – Emerging Tech Labs (“ETL”) has signed on as ProximaX’s latest systems integrator. ETL, an IT and security solutions company, specializes in the emerging technology service areas of blockchain, IoT, big data analytics, artificial intelligence, robotic process automation, and cybersecurity services. As ProximaX’s first systems integrator based in the Middle East region, ETL and ProximaX will be working closely together to market ProximaX solutions in the United Arab Emirates (“UAE”).

Leveraging the layers of services available on the ProximaX Sirius platform, ETL is focused on providing its clients with world-class, blockchain based service systems that are curated and specifically tailored to suit their needs. The ProximaX advantage of being an infrastructure platform with blockchain protocols ensures that solutions built for ETL clients are scalable, configurable, and highly secure. Using the ProximaX Sirius platform as the foundation of database solutions also provides additional benefits to ETL clients as being easy-to-use, flexible, and inexpensive to own and operate.

Following the vision of the Dubai Blockchain Strategy 2020, Smart Dubai is a thriving blockchain ecosystem in the city and is set on establishing Dubai as the world capital of blockchain development. With the onboarding of ETL as a ProximaX systems integrator in the region, we hope to increase ProximaX use cases in the UAE.

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The central bank digital currency (“CBDC”) race has begun. CBDC is electronic, universally accepted, central bank-issued money. Central banks across the globe are undertaking extensive work on CBDC. It has moved from a bold speculative concept to a seeming inevitability. According to a recent survey by the Bank for International Settlements, 80% of central bank respondents are engaged in CBDC projects. Central banks representing a fifth of the world’s population say that in the next few years, they are likely to issue CBDCs. Technology firms are actively proposing novel CBDC solutions during central bank tenders. In this blog, we will outline why ProximaX’s solution is a holistic and winning formula.

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4 August 2020 / Bogota, Colombia – UxTIC, a network of universities founded to promote research in Information and Communication Technology (“ICT”), has formed an alliance with ProximaX for training, research, and knowledge sharing. The collaboration between UxTIC and ProximaX will provide blockchain infrastructure training, decentralized application development and project management, and ProximaX Sirius blockchain certification to professionals and students in the Andean region.

UxTIC’s mission is to raise awareness of innovative ICT and support research and collaborative development to meet the growing needs of government, enterprises, and Latin American society.

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We are delighted to announce that ProximaX has been certified by the National Institute of Standards and Technology (“NIST”) headquartered in Maryland, USA. At the same time, ProximaX also received certification from CyberSecurity Malaysia, a government agency under the purview of the Ministry of Communications and Multimedia in Malaysia.

Founded in 1901, NIST is one of America’s oldest physical sciences and measurement standards laboratories. By advancing measurement science, standards, and technology, NIST’s mission is to promote innovation and industrial competitiveness to enhance economic security and bring overall improvement to the quality of life. The ProximaX Sirius blockchain received an endorsement from NIST through the Cryptographic Algorithm Validation Program, one of the globally accepted standards for cryptographic algorithm validation.

CyberSecurity Malaysia was founded as a national body to monitor Malaysian national e-security and provide a range of innovation-led activities to enhance and strengthen cybersecurity matters within Malaysia. Here the Sirius blockchain was certified under Cryptographic Algorithm Conformance testing. This type of certification is a prerequisite for most government projects in Malaysia.

By the same token, the certification from NIST is required when applying or submitting for jobs in many countries, especially where government bodies or large corporations are involved.

The certification by these agencies serves as a great assurance to both the users of the Sirius blockchain and clients of ProximaX that the Sirius blockchain adheres to Malaysian national and international standards and practices.

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Bogotá, Colombia, 24th August 2020 – ProximaX recently signed an agreement with LOGYCA to develop a platform utilizing blockchain technology to power their Supply Chain Value Network (“SCVN”).

LOGYCA is a pioneer and a leader in logistics knowledge development, and innovator in SCVN for different economic sectors in Colombia and Latin America. SCVN is a next stage evolution of Supply Chain. It reconciles the Supply Chain with Porter’s model1. Through collaborative work, communities are formed to generate value by adopting globally accepted standards and introducing best logistics practices in inter-company processes.

Under the framework of this project, “Transformation of B2B Information Exchange”, ProximaX and LOGYCA will come together to develop a collaborative platform to address the limitations of traditional technology. It is intended to generate a scalable, autonomous, and interoperable solution that allows for omnichannel information access. The project will provide for a more efficient way of information sharing and exchange from the current practice, thus creating a high value-added pioneering solution.

In line with the visions of some companies on the evolution of SCVNs, ProximaX believes that SCVN through collaborative automation between multiple parties is technically feasible today, but requires innovation in business practices, such as taking advantage of blockchain technology, and multi-party applications.

ProximaX Sirius shall make full use of its blockchain and storage layers to record events immutably, provide messaging exchange, and store information. It shall form the backbone where electronic information is being confirmed, transacted with finality, and time-stamped, thus reducing any error or miscommunication when it comes to information records and messaging.

The use of blockchain to power these SCVNs  shall be a major breakthrough for information sharing and exchange in logistics.

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We are proud to announce that our eDLX solution for regulated digital assets is now integrated with its own exchange to power secondary market trading.

https://www.youtube.com/watch?v=2h2O6F78H48

Total will be the same. All Exchanges are using our chain now, so you need to swap to use the token.

Singapore / 8th July 2020 – ProximaX SiriusID Decentralized Identifier (“DID”) method was accepted and published by the World Wide Web Consortium (“W3C”), the leading international standards organization for the Web. The W3C DID standards are designed to enable interoperability of identification systems across different autonomous decentralized networks.

A DID is a new unique type of identity identifier that enables verifiable and decentralized digital identities.  It allows individuals and organizations to generate identifiers using trusted systems and to prove control of those identifiers (authenticate) using cryptographic proofs (for example, digital signatures, privacy-preserving biometric protocols, and so on).


Full article: https://blog.proximax.io/en/proximax-siriusid-decentralized-identifier-method-accepted-and-published-by-w3c/

Two4one and ProximaX to roll out first-of-its-kind Electronic Gift Card Solution for managing relief packages in Africa

NAIROBI / SINGAPORE – 13 APRIL 2020 – Two4one App Ltd (“Two4one”), a Nairobi-based technology company, has been commissioned by the Centum Foundation to roll out its ProximaX Sirius-based Electronic Gift Card Solution (“EGC Solution”) to manage the Centum Foundation’s COVID-19 Relief Program.

The Centum Foundation is a non-profit subsidiary of Centum Investment Company (“Centum”) Plc set up to mobilize the Centum Group’s existing corporate social investment with impactful, scalable, and sustainable initiatives that empower communities.

Stanely Njenga, CEO of Two4one, explained:

“With the onslaught of the COVID-19 pandemic, it is imperative that relief efforts act not only quickly, but find an effective means of helping the poor and vulnerable whose lives depend on hand-to-mouth wages.  We have partnered with ProximaX because of their track record of rapidly developing and deploying solutions using their advanced blockchain technology.” 

The EGC Solution developed by ProximaX for Two4one will track items using the ProximaX Sirius public blockchain.  Distribution records captured by this solution are immutable and tamper-evident, and any discrepancy can immediately be traced thus minimizing the risk of abuse or leakages.  Initially, the program will deploy relief packages to 12,000 recipients with the objective of scaling this to 30,000 recipients and beyond.

A recent food distribution program in Kenya had created major chaos when a massive congregation of people rushed to the collection point with complete disregard for social distancing.  This resulted in the government banning the program. The EGC Solution used by Centum will be the first instance in which state-of-the-art technology is being utilized for crowd control by way of batched and controlled release of EGCs.

Centum, which runs Two Rivers Mall, one of the biggest malls in Kenya, is working with major supermarkets like Carrefour and Tuskys to use this solution to distribute relief packages.


Lon Wong, CEO of ProximaX, said:

“We’ve been working with Two4one on a number of other initiatives.  When there was a call in Kenya for a fast and effective solution to manage the distribution of basic necessities, Two4one was quick to step up to offer our technology.  Within a week, we created a working solution that has now been fine-tuned for deployment. This was made possible by the ProximaX Sirius platform, which is holistic and easy to develop on.”

This project further proves the strength of the ProximaX Sirius platform solution, demonstrating yet again that anyone reasonably skilled is able to whip out a solution in days.

Two4one will be working closely with Centum to ensure a successful rollout and provide ongoing support.  At the same time, Two4one will continue to promote the use of this EGC Solution as an effective means of distributing relief packages throughout Kenya and other African nations.

About Two4one
Two4one is a technology company that assists governments, organizations, and businesses in Africa digitalize using blockchain technology.   As well as being able to help implement customized solutions, Two4one offers Whitelabel blockchain-powered products that are ready-to-use, including for e-payments, digital identity, e-KYC, capital markets issuance and trading, gift cards, loyalty points, notary services, and e-voting.

Email: team@two4one.co.ke | Website: https://rhinoh.wixsite.com/two4oneapp

About ProximaX
ProximaX is a blockchain-based infrastructure and development platform project that combines blockchain technology with distributed service layers.  It integrates blockchain with distributed and decentralized storage, streaming, database, and Supercontract (enhanced smart contract) service layers to create an all-in-one, easy-to-use platform.  ProximaX is built for scalability and can include more services in the future without compromising on performance. It is a unique enterprise-grade platform developed on proven technologies and is available in a private, public, and hybrid network configuration.

ProximaX’s extensive utility and flexibility can be used for a wide range of use cases that include, but are not limited to, digital identity, KYC, video streaming and chat, IoT and robotics, big data and AI, records and reporting, business continuity, legal and notary services, medical records, land registry, capital markets, e-payments and core banking, and supply chain management.

Media Contact: Sue Ng, sue.ng@proximax.ltd | Website: https://www.proximax.ltd

In 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.

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ProximaX 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.

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