ProximaX is an advanced extension of the Blockchain and Distributed Ledger Technology (DLT) with utility-rich, industry standard services and protocols. With a NEM.io inspired Blockchain layer at its core, a decentralized storage layer through IPFS, and a P2P multimedia streaming and messaging layer powered by PeerStream Protocol (PSP), ProximaX is set to dramatically change the way industries adopt Blockchain technology by combining Blockchain, storage, streaming and an advanced consensus algorithm to enable an all-in-one platform for cross-industry application and decentralized app development.
The core components of the Blockchain and Distributed File Management System (DFMS) are abstracted to form a service layer, thereby giving rise to an easy-to-program ProximaX solution that will allow businesses and innovators to avoid costly and failure-prone architecture, thus eliminating long-standing problems present within traditional Blockchain solutions.
Use cases for ProximaX include KYC processes, business continuity, video streaming, health, identity and IoT records management, big data applications, records and reporting systems, traceability, legal and notary services, video streaming, workforce collaboration, messaging and supply chain management.
More details can be found in Proximax Whitepaper