mijin ‘2.0 Catapult’ to Integrate NEM protocol for Unparalleled Enterprise Performance

Tech Bureau’s mijin Opens Applications for Powerful New Enterprise Blockchain

 

TOKYO — NOVEMBER 6, 2017 — Fintech and cryptocurrency solutions company Tech Bureau today opened applications for mijin’s 2.0 Catapult, a powerful new blockchain integrating the NEM protocol to provide unparalleled performance for the enterprise. Companies are invited to apply for the β customer validation program through mid-November to be the first to use 2.0 Catapult. After participants are selected, the 2.0 Catapult address and access keys will be issued, and the blockchain will be launched when the validation program ends.

At present around the world, over 300 companies are leveraging mijin’s blockchain technology with both live and Proof of Concept (POC) systems running, as in September of 2015, tech Bureau set the stage for the technology’s wider use with its release of a private blockchain, mijin, that meets enterprise usage needs.

While the current version of mijin is being augmented to include enterprise cloud service as BaaS (Blockchain as a Service), the next generation blockchain technology “2.0 Catapult” mijin blockchain will be launched soon as an open source software after the launch of its β customer validation program today.

 

What is mijin?

Developed by Tech Bureau, mijin is designed to meet versatile enterprise needs with its enhanced private blockchain utilizing the NEM protocol that easily creates blockchain platforms on peer-to-peer networks. The blockchains can be used internally or in collaboration with partner companies in a cloud or other shared data environments.

mijin blockchain creates a secure data-sharing environment with high performance, zero downtime, and unfalsifiable data, while reducing the cost of conventional infrastructure. mijin has been tested extensively as a high-throughput ledger engine in financial institutions, electronic money systems, user authentication, land and property registration, logistics tracking, and food traceability.

 

What is 2.0 Catapult?

While the current mijin blockchain (1.0) was programmed in JAVA language, 2.0 Catapult was designed in C++ from scratch with the following main features.

 

  • Complete separation between API and blockchain network servers
  • NoSQL database on API server
  • High-speed transaction blockchain network capable of several thousand transactions simultaneously at reasonable cloud computing costs via a single node NoSQL API server
  • Implementation of a three-layered multi-signature function on the blockchain itself utilizing multi-level approval.
  • Aggregate transactions, a key feature that allows for multiple transactions to be processed simultaneously using the multi-signature function, realizing a secure escrow service without a third party.
  • Dual licensing, open source and enterprise, available after completion of validation testing of 2.0 Catapult mijin blokchain
  • The NEM public blockchain will be integrated with 2.0 Catapult in 2018.
  • Other features and improvements will be announced.

You can download the 2.0 Catapult white paper, please visit: https://nem.io/wp-content/themes/nem/files/catapultwhitepaper.pdf

 

About β customer validation program

Acceptance of applications to the β customer validation program starts today and the selection of participants from among the applicants will be completed in mid-November, 2017. Then the address and access keys will be issued to the selected applicants who will share the 2.0 Catapult network on a single blockchain network.

If an applicant would like to validate the 2.0 Catapult blockchain network on their own server, Tech Bureau can provide a contract to do so.

For more information on applying for the 2.0 Catapult customer validation process, please visit: http://mijin.io/en/catapult

Summary

Tech Bureau will begin accepting applications for the β customer validation program today, and the 2.0 open source Catapult mijin blockchain will be launched when the validation program ends. The 2.0 Catapult engine will first be used in private blockchain, then applied to public blockchain NEM later in 2018.

 

About Tech Bureau Group

Tech Bureau, a fintech and cryptocurrency group company in Japan, the U.S., and Europe, develops software and services for blockchain technology. Tech Bureau has developed mijin, a private blockchain software, and Zaif, a Bitcoin and cryptocurrency exchange platform.

Tech Bureau recently launched a one-stop solution, “COMSA”, that provides companies with consultation, expertise, and solutions to support their very own ICOs and implementations of blockchain technology into their businesses.

For more information, please see the following URLs:
COMSA – https://comsa.io/en/
Zaif® – https://zaif.jp/
mijin® – http://mijin.io/en/

Press contact Tech Bureau: Fujita / pr@techbureau.jp / +81-6-6533-2230

 

About NEM.io Foundation Ltd

NEM.io Foundation is a non-profit organization based in Singapore, set up to promote NEM’s blockchain technology globally. It is currently one of the most well-funded and successful blockchain technology projects in the cryptocurrency industry.
For more information, please visit: www.nem.io

Press contact NEM.io: NEM@transform.PR / +1-415-595-2030

 

All product and company names herein may be trademarks of their registered owners.

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