Scalability on the blockchain – Is there a solution?

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Businesses want blockchain. Indeed, 84% of executives they say their companies are actively involved in this emerging technology. However, companies have not yet been able to implement it efficiently. The main problem seems to be scalability, according to reports, 40% of executives see the scalability in blockchain technologies as a big problem for business implementation. On the other hand, only 7% of blockchain technology companies think this is a big problem and they do not seem to be in touch with the perceived needs of businesses. Given this, it is not surprising that around 60% of executives have said that the implementation of blockchain is more difficult than initially imagined.

However, BEXAM & nbsp; it's a new & nbsp; new platform that claims to meet these needs. This is a blockchain / DAG hybrid platform that creates custom blockchain solutions for businesses. Their position in the competition is represented by their blocks of 0.2 seconds and 40 million transactions per second (TPS). Through their ability to scale and their subsequent solution to businesses, Bexam strives to better discover the multitude of uses that blockchain can provide the world.

One of the main requirements of BEXAM when starting was to solve the general problem of blockchain scalability. But by reconciling the characteristics of blockchain and DAG technology, Bexam claims to be able to maintain high speed and scalability according to the specific needs of large companies.

Scalability is a fundamental requirement for businesses due to the large scale nature of their activities. While internally, these companies execute thousands of transactions per second, many have multiple portals for transactions throughout their business and around the world. With many blockchain solutions limited to a few thousand transactions per second and a lack of scalability, companies can not realistically implement these solutions as they would mean significant delays for both businesses and consumers. This would have a negative effect on perceived quality and experience.

BEXAM is able to scale through a new consent algorithm called "Proof of Rounds" or PoR, a proprietary consent algorithm developed by the Japanese company Early Works Co. Ltd. and is licensed exclusively to BEXAM. The technology creates a hierarchy of nodes to optimize the outlay of data, eliminating hash values ​​to reach its speeds. Through its DAG-based functionalities, BEXAM is able to scale the network of nodes based on that needed for the current level of system traffic. For more information on the PoR consensus algorithm you can take a look at the BEXAM technical whitepaper Here.

Yuki Sakori, COO of Bexam explains that the company should not be seen within the limits of current technologies. "40 million TPS are very much compared to what exists now, but we are not trying to improve only what is being done right now." We want Bexam to achieve things that blockchain has never even imagined to achieve. "

In addition, Bexam claims it is solving another problem faced by companies trying to implement blockchain within their organization. Many existing solutions require that a company choose between a chain type when building its product: Public, Private or Consortium. While businesses may need to use multiple chains of different types to create complete blockchain solutions for their business, these chains remain separate from one another, which means that cross-platform communication still exists . This can mean data errors, delays and more. Bexam's unique platform differs from the fact that it allows these chains to coexist within the Bexam ecosystem and behave as if they were one chain. A company may choose to have a private chain, but divide it so that 20% is public while the 80% of the data remains internally protected.

With such high speed and scalability, BEXAM should create tailor-made solutions for companies around the world. Sakori says that BEXAM is currently collaborating with some of the major Japanese companies to implement blockchain, although non-disclosure agreements prevent it from sharing any name. "As soon as we have the ok of each company, I promise we'll blow it up on all social media," he added.

BEXAM is currently in the middle of their private sale (November 19 to December 24), with an initial public exchange offer to be announced later. The BEXAM Exchange, a test of the speed concept of their platform, will be released by the end of 2018. Certainly an interesting project then, although as always the proof of the pudding is in eating, or so they say.

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Businesses want blockchain. Indeed, 84% of executives they say their companies are actively involved in this emerging technology. However, companies have not yet been able to implement it efficiently. The main problem seems to be scalability, according to reports, 40% of executives see the scalability in blockchain technologies as a big problem for business implementation. On the other hand, only 7% of blockchain technology companies think this is a big problem and they do not seem to be in touch with the perceived needs of businesses. Given this, it is not surprising that around 60% of executives have said that the implementation of blockchain is more difficult than initially imagined.

However, BEXAM it is a new platform that claims to meet these needs. This is a blockchain / DAG hybrid platform that creates custom blockchain solutions for businesses. Their position in the competition is represented by their blocks of 0.2 seconds and 40 million transactions per second (TPS). Through their ability to scale and their subsequent solution to businesses, Bexam strives to better discover the multitude of uses that blockchain can provide the world.

One of the main requirements of BEXAM when starting was to solve the general problem of blockchain scalability. But by reconciling the characteristics of blockchain and DAG technology, Bexam claims to be able to maintain high speed and scalability according to the specific needs of large companies.

Scalability is a fundamental requirement for businesses due to the large scale nature of their activities. While internally, these companies execute thousands of transactions per second, many have multiple portals for transactions throughout their business and around the world. With many blockchain solutions limited to a few thousand transactions per second and a lack of scalability, companies can not realistically implement these solutions as they would mean significant delays for both businesses and consumers. This would have a negative effect on perceived quality and experience.

BEXAM is able to scale through a new consent algorithm called "Proof of Rounds" or PoR, a proprietary consent algorithm developed by the Japanese company Early Works Co. Ltd. and is licensed exclusively to BEXAM. The technology creates a hierarchy of nodes to optimize the outlay of data, eliminating hash values ​​to reach its speeds. Through its DAG-based functionalities, BEXAM is able to scale the network of nodes based on that needed for the current level of system traffic. For more information on the PoR consensus algorithm you can take a look at the BEXAM technical whitepaper Here.

Yuki Sakori, COO of Bexam explains that the company should not be seen within the limits of current technologies. "40 million TPS are very much compared to what exists now, but we are not trying to improve only what is being done right now." We want Bexam to achieve things that blockchain has never even imagined to achieve. "

In addition, Bexam claims it is solving another problem faced by companies trying to implement blockchain within their organization. Many existing solutions require that a company choose between a chain type when building its product: Public, Private or Consortium. While businesses may need to use multiple chains of different types to create complete blockchain solutions for their business, these chains remain separate from one another, which means that cross-platform communication still exists . This can mean data errors, delays and more. Bexam's unique platform differs from the fact that it allows these chains to coexist within the Bexam ecosystem and behave as if they were one chain. A company may choose to have a private chain, but divide it so that 20% is public while the 80% of the data remains internally protected.

With such high speed and scalability, BEXAM should create tailor-made solutions for companies around the world. Sakori says that BEXAM is currently collaborating with some of the major Japanese companies to implement blockchain, although non-disclosure agreements prevent it from sharing any name. "As soon as we have the ok of each company, I promise we'll blow it up on all social media," he added.

BEXAM is currently in the middle of their private sale (November 19 to December 24), with an initial public exchange offer to be announced later. The BEXAM Exchange, a test of the speed concept of their platform, will be released by the end of 2018. Certainly an interesting project then, although as always the proof of the pudding is in eating, or so they say.