Tokyo-based fintech and cryptocurrency solutions company Tech Bureau today opened applications for mijin’s 2.0 Catapult, a new blockchain integrating the NEM protocol to provide better performance for the enterprise.
Developed by Tech Bureau, mijin is meant to meet versatile enterprise needs with its enhanced private blockchain. It uses the NEM protocol to create blockchain platforms that can be used internally or in collaboration with partner companies. The developers say that more than 300 organizations are already leveraging mijin’s blockchain technology, and with its 2.0 Catapult update, mijin improves to include advanced features to boost efficiency and overall performance.
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“With a completely new design, Catapult is an important milestone in NEM’s leading edge blockchain project and commitment to drive innovation,” commented Lon Wong, President, NEM.io Foundation Ltd. “In early 2015we launched the initial NEM public blockchain we took blockchain technology to a new level. Next we created mijin, a private chain version with enhanced performance. With Catapult, we strike again, setting a new standard in design architecture, features and performance.”
The developers explain that mijin provides a secure data-sharing environment with no down-time, high performance, and immutable data, all while reducing costs compared to traditional infrastructure. 2.0 Catapult provides speeds capable of handling several thousand transactions simultaneously. The service will first operate as a private blockchain before integrating with NEM’s public blockchain in 2018.
Companies can apply for the beta customer validation program through mid-November. After participants are selected, the address and access keys will be issued, and the blockchain will be launched when the validation program ends.