First IOTA, now EOS – ARXUM becomes blockchain agnostic

First IOTA, now EOS – ARXUM becomes blockchain agnostic
фото показано с : nulltx.com

2018-9-18 04:12

After having integrated the IOTA Tangle in the ARXUM Production Protocol, the second  Proof-of-Concept (PoC) has been achieved already. EOS is now successfully implemented in the ARXUM Production Protocol and solidifies ARXUM’s path to become a truly blockchain agnostic solution.

EOS is a new blockchain technology with smart contracts programmable in C++. It is a delegated proof-of-stake consensus mechanism, has a higher speed than Ethereum in terms of transactions per second, and is considered one of the most promising blockchain projects to date. A production order is created on Ethereum and paid with AX tokens. An-IoT device accepts the contract and then the physical production events are transacted into the EOS blockchain. While the transaction fee is paid through Ethereum, any other blockchain technology can be plugged into the mechanism to handle all production-related transactions.

As ARXUM provides a digital supply chain infrastructure for industrial manufacturing companies, ARXUM needs to be able to select the best technology for any supply chain application. Therefore, the ARXUM Production Protocol aims to run on any available blockchain protocol that can use smart contracts.

There are different scenarios that prove how important it is for ARXUM to be blockchain flexible. For example, some production processes create a high number of payment transactions over time, which means state channels could be beneficial. Other production scenarios may have low transaction volumes but require elaborated smart contract templates. Some may have a high number of participants interacting with a single manufacturing order over a long period of time. There are also several other scenarios that could demonstrate ARXUM’s need to be flexible regarding blockchain protocols and ARXUM is currently working on implementing Bigchain DB in its Protocol.

ARXUM is the new blockchain based solution to organize cross-company production of mass-customized products. The ARXUM Production Protocol brings all production peers together in one single smart contract per production order and uses blockchain-inherent features to implement a multitude of functionalities required in a digital supply chain.

Website: https://.arxum.com
Whitepaper: https://arxum.com/downloads/

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of NullTX. This is not investment, trading, or gambling advice. Always conduct your own independent research.

The post First IOTA, now EOS – ARXUM becomes blockchain agnostic appeared first on NullTX.

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ARUXM has Announced Testing ERC20 Token-Based Production Protocol with IOTA Tangle

Bitcoin Press Release: ARXUM a blockchain company has reported the first working PoC for plugging the IOTA Tangle into the ARXUM Production Protocol. 7th of September 2018, Zug, Switzerland – The PoC starts the execution of the ARXUM Production Protocol with an Ethereum smart contract, consuming the transaction cost through ARXUM’s ERC20 token AX.

2018-9-7 12:19