Japanese blockchain system integrator LCNEM to work with ProximaX on Cosmos integration
Sirius 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.”
LCNEM, Inc. is a technology company whose core expertise is in tokenomics and blockchain technology. Our focus currently is in the Cosmos and Catapult technologies, with the hope of integrating them together as well as developing blockchain solutions using Cosmos SDK.
As a part of our business, we are issuing the LCNEM Cheque, a stable-coin pegged to the Japanese Yen. With interoperability being a salient feature of the Cosmos Network, we hope to enable cross-chain capability between Catapult and Cosmos so that the stable coin can be more pervasive across multiple networks that use the same interoperability standard as Cosmos.
ProximaX is a next-generation Integrated and Distributed Ledger Technology (“IaDLT”) infrastructure development platform powered by blockchain technology. Known as ProximaX Sirius, this platform is comprised of off-chain, peer-to-peer storage, streaming, database, Supercontracts, and blockchain layers in an all-in-one, easy-to-use development platform. Users of this platform may elect to use the various layers of the ProximaX Sirius development platform in a private, public, or hybrid environment.
The immense flexibility and breadth of use cases of the ProximaX Sirius development platform include, but are not limited to, KYC and identity, video streaming and chat, IoT and robotics, big data and AI, records and reporting, business continuity, legal and notary services, medical records, land registry, trade finance, and supply chain management.
Media Contact: Sue Ng, firstname.lastname@example.org | Website: www.ProximaX.io