Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 911. (Read 2985369 times)

I posted this before, but this explains the strategy of the private/public chain combo:
(this VC believes there will be a constellation of chains ... watch for about 5 minutes)
https://www.youtube.com/watch?v=c9CjWz2N5Hs&feature=youtu.be&t=58m22s

Mijin has only been positive for NEM and building awareness.  Over 100 companies are experimenting right now with Mijin and use test cases.  Very likely these private chains will need to connect to other private chains via a public one.  With the same API's and platform enter NEM.

Also it has been discussed that possibly registering namespaces/mosaics in the future will require cross-chain interaction.

 

Nem will go up again

And these time will be very high

Cool, thanks for the confirm

Here, I found the reference:

http://mijin.io/en/73.html

SO NEM is literally at the heart of it, I guess

Sounds pretty accurate to me.
There's also the thing that mijin isn't going to be free. So any company that can live with the downsides of a public blockchain can have mijin for free by simply using NEM. The APIs are 100% identical so if they tested mijin (i understand there are a bunch of trials running right now, i think i saw the number 50 a few pages back) they can resue all their previous code.

I've only been here a few days and am no authority on anything NEM

However I remember something about smart contracts (once implemented) traversing the private mijin chain and the public NEM chain.
There is more generally the cross-pollination of development between the networks, and their potential synergy. Where necessary or suitable the private and public chains may communicate.

This is my understanding.
Please correct me if wrong.

same question here.

but it applys to ripple as well.

here comes the real English report:

GMO INTERNET and Tech Bureau jointly develop PaaS backend engine with blockchain technology
gmo-internet-logoGMO INTERNET formed a business alliance with Tech Bureau on February 1, 2016 to jointly develop back-end engine for games based on Tech Bureau’s private blockchain technology, “mijin”. Tech Bureau is a crypto-FinTech firm and also operates bitcoin exchange, “Zaif Exchange”. The mijin was developed to dramatically reduce infrastructure cost for financial companies to less than one-tenth by 2018.

techbureau-logoBlockchain technology is the latest remarkable technology in FinTech industry. By utilizing the technology into back-end engine for games, the companies believe that zero-downtime environment can be realized with less than half the operating cost. GMO INTERNET plans to launch the PaaS backend engine this fall at GMO app cloud which is a cloud service for gaming app and has been working on expanding its service responding to the needs of game and app developers.

As P2P network built by the blockchain technology is considered to provide zero-downtime environment and reduce the cost, the mijin is expected to grow in not only financial service industry but also other areas.

In addition to realizing zero-downtime environment, the new development will allow gaming operators to closely manage data saving and remove users conducting misuse and manipulation as all data in blockchain can be managed by keys of cryptographic technology. The technology also can prevent abuse of the data and inconsistent data.

(Source: GMO INTERNET Group )

Related Articles:

2016/01/29 GMO CLICK retains top position in Global Forex industry for the 4th consecutive year
2016/01/27 GMO CLICK and MONEY DESIGN partner to develop innovative ETF discretionary management service
2016/01/21 GMO CLICK Holdings announces operating revenue increased by 28 percent
2016/01/06 Japan largest QA community, OKWAVE and Tech bureau partner to develop systems using blockchain technology
2015/12/16 After the announcement of DMM FX, Japanese giant broker, GMO CLICK Securities tightened spreads for 3 forex pairs
2015/12/04 Japanese Tech firms, Tech bureau and Infoteria partner for revolutionary blockckain technology
2015/11/20 GMO PAYMENT GATEWAY launched new security service for credit card settlement


http://jftoday.com/GMO+INTERNET+and+Tech+Bureau+jointly+develop+PaaS+backend+engine+with+blockchain+technology/

How are projects being developed on the private chain going to influence the value (and then price) of XEM? Could somebody elaborate on this? How are the two chains linked and is there an immediate way in which value added to private chain will translate to value added to XEM?

THX! After having been very harsh on this project, I must say I'm impressed with the behind the scenes work towards real world integration - I am forced to reconsider my previous position. Congratulations to the team so far.

and … somebody buys 3million XEM

yup, big it is.

this is huge

oh and btw

An article from TechCrunch Japan dated 1st Feb 2016:

To 1/2 game infrastructure operating costs in the block chain, Tech bureau and GMO Internet alliance
ブロックチェーンでゲームインフラ運用コストを1/2に、テックビューロがGMOインターネットと提携

Link: http://jp.techcrunch.com/2016/02/01/gmo-techbureau/
Translation




See above links to continue reading the article.

impressive.  such low profile,

mijin private cloud is real revolution. can't wait to see what it will turn to.

Ethereum purports to do everything but yet to show some real smart contract stuff that warrants any attention. One project launched recently (https://dgx.io/) is only a simple proof of concept that some other projects, including NEM can easily do.

Ripple is purely token shifting.

NEM is different from Ethereum as it is a running project that makes it so easy for block chain solutions to be created. NEM is available in two flavors, the public domain version and the private domain version, i.e., mijin. For more info, go to nem.io

Great, thanks for the help

a serious question  
 
in which way NEM differs itself from ethereum or ripple or any dominant player?

i got growing interest in NEM

I guess it's best for you to choose one of the listed hosts. Try to stick with the same host because local storage (which is where your wallet will be stored) works on a per domain basis. So if you switch host you're gonna have to re-create the wallet (which isn't a big deal so long as you have the priv-key and/or password handy). 

Thanks, seem to have Lighwallet running, and I've read the tutorial on the site, am I meant to choose one of the hosts or use the custom node? Not sure what the different host names represent.

VirtualBox VM or wait would be my guess

Try the lightwallet. Can't do much wrong there http://bob.nem.ninja/lightwallet-standalone-1.7-cdn-nginx1.8.zip .

You can also try http://bob.nem.ninja:7777 but it's recommended to run it locally for security reasons. bob is a node run by a dev though so you should be fine there.