Categories: CryptoNews

Tech Bureau partners up with NEM for new blockchain engine     

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.

Related Post

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.

Source: Mijin

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

Daniel Dob

Daniel is a bitcoin investor and journalist for numerous news outlets in the financial sector. When he's not writing, trading, or interviewing people, you can find him swimming, reading or taking one of his hobbies to the next level.

Share
Published by
Daniel Dob

Recent Posts

Top 5 Modular Blockchain Tokens Less Than $1 Price Mark To Monitor In August 2025

As the blockchain ecosystem continues to evolve, modular blockchains are emerging as a promising frontier,…

2 hours ago

MetaMask Proposes Stablecoin Launch, Taps Stripe to Bridge TradFi and DeFi

MetaMask wants its own stablecoin. It’s calling it MetaMask USD (mmUSD). And if the recent…

1 day ago

Spartan, Stake & Betway: Top 2025 Crypto Gambling Prizes

Spartan’s $250K Lambo Challenge Tops 2025’s Crypto Gambling Prize War with Stake & Betway Crypto…

1 day ago

SharpLink’s Ethereum Accumulation Hits High Top With Staking Strategy

SharpLink is leaning hard into Ethereum. They buy. They stake. They hold. Ethereum currently trades…

2 days ago

Cardano Price Prediction: Is a Return to $2 Imminent or Just a FOMO Fantasy?

After months of consolidation, Cardano (ADA) is regaining investor attention thanks to renewed forecasts projecting…

3 days ago

Bitcoin and Ethereum Whales Quietly Accumulating—What Does This Mean for the Market?

Whales are back—and this time, they’re not making noise. Despite the relative calm in prices,…

3 days ago