Platform provides low-cost data security and NFT minting for industries ranging from supply chain to insurance to fine art.
— Elvis Rodrigues | LaneAxis’ Lead Engineer
CAMANA BAY, CAYMAN ISLANDS, November 15, 2022 /EINPresswire.com/ — AXIS Token International, a collaborative partner of LaneAxis Inc., the industry’s first blockchain-powered Direct Freight Network, today announces the launch of its Layer 2 (L2) blockchain, AXIS Chain. Securing and streamlining data storage for everyday businesses through blockchain is the new frontier of the technology world. AXIS Chain offers a wide array of real life applications empowering companies to leverage blockchain technology and Web3. It’s key that businesses move away from traditional and vulnerable single-point repositories for information storage to an immutable ledger, the next-gen 3.0 technology.
The newly developed AXIS Chain provides an advanced network using the Lachesis Consensus Algorithm (LCA) protocol for added security and an L2 network for increased speed of data storage and transactions per second. The energy-efficient Proof-of-Stake protocol secures the network, which allows the staking party to become validators and assist in providing control and security to the AXIS Chain. Information input into the AXIS Chain is stored within the blocks, which are then placed within nodes and thus validated and linked together to secure data within each block. The AXIS Chain follows top security methods and is a fast L2 solution, making blockchain and web 3.0 technology accessible to businesses of all sizes and across numerous industries.
”Our collaborative partnership agreement with ATI is…
