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Applications open for beta validation program of mijin blockchain 2.0 ‘Catapult’

Fintech and cryptocurrency solutions company Tech Bureau is accepting applications for the β customer validation program of mijin’s 2.0 Catapult – a powerful new blockchain integrating the NEM protocol to provide unparalleled performance for the enterprise.

Developed by Tech Bureau, mijin meets versatile enterprise needs with its enhanced private blockchain. Using NEM protocol, it easily creates blockchain platforms that can be used internally or in collaboration with partner companies. It provides a secure data-sharing environment with no down-time, high performance, and immutable data, all while reducing costs compared to traditional infrastructure.

Over 300 organizations are already leveraging mijin’s blockchain technology. Its 2.0 Catapult update includes advanced features to boost efficiency and overall performance – 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.

“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.”

While the current mijin blockchain was programmed in JAVA, 2.0 Catapult was designed in C++ allowing for the implementation of a multi-signature function on the blockchain. It features dual licensing and will be open-source after validation testing.

Tech Bureau is now inviting companies 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.

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