Dan, I would also add that many of our clients are very excited that LuxTag does NOT have a pump and dump token associated with it. Our clients, which are real by the way, just want to use blockchain, not be involved in having to have their clients collect many different tokens just to use the products. In fact, so far we have made a 0 bar to entry for all of the users/customers of our clients. Users just download the app and scan. And that is the way it should be. Our clients interested in blockchain’s real utility don’t want to be bothered with their clients having to go to exchanges and trade tokens just to scan something. That is stupid.
Community Fund Proposal: LuxTag - A holistic commercial application powered by NEM - Voting has ended -
Are you using the public or private NEM blockchain for your business?!
We’re using both mutations for LuxTag.
For example our customers DeFeet (Fashion/Apparel) and Poesy Liang(Artist) are on the NEM public chain. The Malaysian e-scroll university graduation certificate system runs on a private NEM Catapult chain.
We’re working on the chain anchoring solution to hook the private chain(s) to the public mainnet chain.
I have a question.
I understand that there is notarization efficacy if it is a public chain.
Why does a private chain hash have a notarization efficacy?
Do you use cross-chain swap?
Hello my friend,
The core features (immutable over time, timestamped events saved in blocks) required for notarizing are available in a private chain same as they are in a public chain.
But - one has to trust the operator of the private chain. In order to enhance trust in “data not being tampered with”, it helps to create a link from the private chain to the public chain.
For example, we could simply send every X-th block hash to the public chain in order to show the public that this is the block which was signed in the private environment.
Or, we could use more sophisticated ways of chain-anchoring, which I don’t want to describe in detail publicly here yet