ProximaX is Ready for Business

Press Release

ProximaX enables a rich, all-in-one, easy to use platform for broad cross-industry application and decentralized app development

July, 2018–  ProximaX is ready to expand its innovative blockchain protocol in North America with PeerStream, Inc. (PEER), a global internet solutions provider driving adoption of emerging blockchain technologies. Through this partnership, PeerStream becomes the preferred North American integration partner for ProximaX, expanding adoption and integration of its blockchain solution which provides decentralized document proofing, storage, messaging, and streaming content delivery. ProximaX will refer prospective adopters of its innovative protocol to PeerStream for consulting and integration services.

“We believe that PeerStream, with its expansive service offerings and established North American presence, will be an ideal integration technology provider for the users of our protocol,” said Lon Wong, Founder and Chief Executive Officer of ProximaX Ltd. “ProximaX is generating significant interest from enterprises and app developers and we foresee ProximaX playing a significant role in enabling the adoption of blockchain technology in a practical and cost-effective manner. To accomplish our goal, we are building a network of top caliber technology service providers to build an onramp to speed up adoption of our technology.”

The ProximaX protocol is a next-generation, blockchain-based, decentralized platform. It provides augmented secured services, content delivery, storage and media streaming. ProximaX is an all-in-one platform for cross-industry application and decentralized app development. Since its successful ICO in April, ProximaX has made significant advancements towards finalizing its technology. The protocol is now development-ready for an array of public and private sector solutions. The core components, Distributed File Management System (DFMS) and PeerStream Protocol (PSP), PeerStream’s media delivery protocol, are abstracted to form a service layer thus offering an easy-to-program platform. This helps businesses and innovators avoid the costly, failure-prone architecture associated with traditional blockchain solutions.

“PeerStream Business Solutions is excited to be working with clients to adopt ProximaX’s blockchain 3.0 technology. As a contributor to the development of the ProximaX protocol, we believe its API-driven architecture as well as its storage and streaming service layers make it a superior blockchain for developers,” said Alex Harrington, Chief Executive Officer of PeerStream.

PeerStream’s Business Solutions team is uniquely capable to support entrepreneurs, enterprises and governments in building solutions on the ProximaX protocol. In addition to PSP supporting media streaming and messaging, PeerStream is expanding its service offerings to include a broad array of blockchain integration services across a variety of industries including financial services, media, logistics and healthcare.

About ProximaX, Ltd.
ProximaX platform is an advanced extension of the Blockchain and Distributed Ledger Technology (DLT) with utility-rich, industry-standard services and protocols. With a NEM.io inspired blockchain layer at its core, a decentralized storage layer through IPFS, and a P2P multimedia streaming and messaging layer powered by PeerStream Protocol (PSP (PEER), ProximaX will enable a rich, all-in-one, easy to program, platform for broader cross-industry application and decentralized app development. The community of developers will help advance many of the innovative applications including, but not limited to, KYC, medical health records, land registry, trade finance documentation, certificates, time stamping and proofing, identity management, and Internet of Things (IoT). For more information, visit: www.proximax.io.

About PeerStream, Inc. (PEER)
PeerStream is a global internet solutions provider pioneering the real-world adoption of emerging blockchain technologies by developing software, services and applications for corporate clients and consumers. The Company’s Business Solutions group is able to provide advisory and implementation services to enterprise clients to help them meet strategic objectives using blockchain technology. PeerStream also will be supporting clients’ transition to blockchain through license of proprietary software such as PSP, a protocol for decentralized multimedia communications and live video streaming currently in development. For nearly twenty years, the Company has built and continues to operate innovative consumer apps, including Paltalk, one of the largest live video social communities, and Backchannel, a blockchain-based secure video messaging app expected to launch in late 2018. PeerStream has a long history of technology innovation and holds 26 patents.

This is a press release submitted by xenia@transform.pr.

Jose Mota
Currently the host of This Week in Crypto, Jose previously founded Daily Crypto and is an experienced crypto content creator and growth hacker.
https://mota.fm/

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