During the last couple of months, the blockchain trend in Japan has grown significantly. In fact, recent reports indicate that the Japanese startup Tech Bureau, alongside with a new open source project known by the name of NEM, will continue their partnership and work on a new project.
To put things better into perspective, the focus of the partnership is to develop a blockchain engine, codenamed as Catapult, which is meant to be an augmented and newly amended version of the Mijin platform.
For those that do not know, Mijin represents a blockchain product that the Tech Bureau and NEM have been working on since the last autumn. It consists of a product that is capable of handling quick transaction throughputs, of up to 4 digits per second. As Mijin has been proven as a capable product to handle bank ledger systems, the Catapult project will offer businesses and institutions even more performance and services to choose from.
Reports indicate that the platform has been in development from the first quarter of 2016, and is more of an improved core solution, rather than a brand new product. Some of the new features that’ll be included in Catapult include improvements in throughput, flexibility, stability and overall performance, but also migration from Java to C++ for better performance, and the optimization of network communication. For better performance, Catapult will be switched from the http protocol to socket communication.
While Tech Bureau will continue to contribute to the commercial version of Mijin and release Catapult, no official date has been confirmed so far.
Based on everything that has been outlined so far, what do you personally think about the partnership and the new platform? Will it benefit businesses and banks? Let us know your thoughts in the comment section below.
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