ProximaX XPX White Paper

ProximaX XPX White Paper
ProximaX XPX White Paper

Hello and welcome to this blog post about ProximaX XPX White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.

There is a lot to learn about this futuristic tech, lets get started to dive into the ProximaX XPX white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

The aim of this blog post is to help you quickly understand about the philosophy behind the ProximaX XPX.

I can ensue you that, you will be able to understand every bits and pieces related to ProximaX XPX after going through the ProximaX XPX white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

ProximaX XPX White Paper

ProximaX XPX white paper will be going to provide you, all the information that is needed to get started with ProximaX XPX, including the inspiration for creating, the problem it is trying to solve and the solution proposed by ProximaX XPX.

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ProximaX is a next-generation Integrated and Distributed Ledger Technology (“IaDLT”) development platform powered by blockchain technology. Known as ProximaX Sirius, it is supported by a multitude of plug-ins (core-services) such as streaming, storage, and Supercontracts; held together by a common blockchain protocol for identification, incentivization, message recording, state management and asset exchange. With the blockchain protocol having a standardized framework, further core services can be plugged-in to utilize the platform’s extendable infrastructure.

The ProximaX Sirius platform is a paradigm shift in decentralized services, resulting from the natural evolution of the original open decentralized systems. It is designed to meet current challenges faced by users and developers.

A distinctive feature of ProximaX Sirius is its everexpanding ecosystem of diverse node actors, each providing their own unique services wrapped in an accessible application programming interface (“API”) through a set of software development kits (“SDKs”) and HTTP/S endpoints.

The ProximaX project allows developers to create their own decentralized applications (“DApps”) and system solutions for commercial use. The immense flexibility and breadth of use cases brought by ProximaX Sirius’ multiple core services include, among others, KYC processes, business continuity, video streaming, health, identity, IoT devices and robotics, big data applications, records and reporting systems, traceability, legal and notary services, land registry, trade finance, payment and settlement, security issuance, management and exchange, workforce collaboration, messaging, and supply chain management.

Given that the platform’s scope of capabilities is broad, it is imperative that it be made up of different sub-components (core services), each with its own ecosystem. All sub-components are then held together by the blockchain protocol (Sirius Chain), which acts as the platform’s backbone.


White Paper Link: ProximaX XPX White Paper

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