BOX, Baidu Cloud And Nasdaq To Roll Out Supply Chain Finance Ecosystem

[PRIBO247]

China-based institutional crypto wallet provider BOX has
launched BOX Ecosystem Model, powered by the
combination of BoxVault , WalletMate, and Bolaxy.
Bolaxy will offer a system enabling supply chain finance
participants to perform complex transactions that are
currently not possible in blockchain due to limitations in
transaction throughput and scalability.

By using a multi-chain blockchain system, Bolaxy combines a main chainledger and “Union”, it’s child chain, marrying both speed
and security under one platform. The blockchain operating
system uses a Dual-consensus algorithm based on “Proof-
of-Authority”, which promises to be more secure, fairer, and
more transparent.

Baidu Cloud, BOX, and Intel will cooperate to contribute to
blockchain commercial expansion, especially in the field of
enterprise security. According to BOX officials, after this
official launch of Bolaxy, the company will cooperate with
others and promote its blockchain applications.

Source : https://www.thepaypers.com