Tech Bureau’s mijin ‘2.0 Catapult’ to Integrate NEM Protocol

Tokyo-based Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term and cryptocurrency solutions company Tech Bureau today opened applications for mijin’s 2.0 Catapult, a new Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term 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.

“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.