UKRAINE & SINGAPORE / 17 October 2018 / 482.solutions are pleased to announce the signing of the Memorandum of Understanding with ProximaX that is one of the most progressive blockchain-based platforms in the world.

ProximaX is an advanced extension of Blockchain and Distributed Ledger Technology — DLT with utility-rich, industry-standard services and protocols. With a NEM.io inspired blockchain at its core, a decentralised storage layer, and a multimedia streaming and messaging layer, ProximaX is set to dramatically change the way industries adopt blockchain technology by combining blockchain, storage, streaming and an advanced consensus algorithm to enable an all-in-one, easy to program platform for cross-industry, decentralized app development. Some use cases include, but are not limited to, supply chain management, KYC, legal, compliance and notary solutions, identity privacy and security management, IoT data management, Enterprise Resource Planning (ERP), traceability, documentation and reporting systems, and workforce collaboration.

482.solutions and ProximaX have already worked on joint projects earlier. With this MOU, they are now formalizing the relationship and this confirms that they share the same views in the development of the global blockchain industry. In future, both companies will jointly investigate and develop new ways to evolve projects based on the ProximaX platform using technical innovations of 482.solutions. The priority spheres will be entered around IoT and Robotics.

Alexander Ivanov, Chief R&D Officer of 482.solutions about partnership: “ProximaX is a next-generation blockchain project whose API-driven architecture as well as storage and streaming layers make it a superior blockchain for developers. Our team of developers has both the breadth of experience and depth of knowledge to build new and innovative solutions on this platform and we are very excited about it.”

CEO of 482.solutions, Roman Kravchenko added, “IoT and robotics are one of many key technologies that is set to transform and move society to the Industry 4.0 paradigm. The 482.solutions partnership with ProximaX is an important step for our company that will enable us to turn challenges of Industry 4.0 into business opportunities.”

The synergy of expertise between 482.solutions and ProximaX in blockchain technology will contribute to next-generation solutions, in which the leading actors are “things” such as devices, robots etc. The emergence of such systems will allow society to focus on value-added activities related to creativity and entrepreneurship. This will be the driving force behind the evolution of economic and social systems globally.

“We believe that 482.solutions, with its expansive knowledge and experience especially in the area of decentralized technology, will be an ideal partner to research and develop projects in the highly coveted areas of IoT and Robotics.” said Alvin Reyes, Co-founder and Chief Technology Officer of ProximaX. “I look forward building innovative world-class products that will impact and change the world of technology as we know it today.”

“This collaboration is a milestone partnership, whereby more and more sectors of industries are beginning to see the superior benefit that ProximaX can bring as a blockchain powered platform solution,” — said Lon Wong, Founder and CEO of ProximaX.

This close cooperation between the parties will also see 482.solutions becoming the preferred integration partner for ProximaX in the Commonwealth of Independent States — CIS and Eastern Europe, expanding adoption and integration of the ProximaX blockchain solution that provides decentralized storage, messaging, streaming, content delivery, decentralized document proofing and a host of other services. In turn, ProximaX will refer prospective adopters in this region to 482.solutions for consulting and integration services. In addition, companies will have jointly contribution to educational and socially important activities regarding the use of ProximaX platform.

For more information visit: https://482.solutions and https://proximax.io/