Press Release: CTRAX Blockchain-Based Mobile Application
Medini City, Iskandar Puteri, Johor, 5 April 2019: OK Blockchain Centre (OBC) announced a successful development and beta release of CTRAX, a decentralized mobile app wallet designed for cryptocurrencies exchanges. It is a steadfast platform for cryptocurrency exchanges, available in iOS and Android. CTRAX eliminates middleman in business transactions, a feature that comforts cost, efficiency as well as privacy.
This future trend of virtual currency trading application is aimed to overcome all risks involving the implementation system whilst welcoming constructive feedbacks to further strengthen its business needs. At present available features includes buy-sell and send-receive of cryptocurrencies, live market price and restore-backup of crypto wallet. At beta stage, CTRAX application takes in Bitcoin, Bitcoin Cash, Ethereum and Neo as tradable cryptocurrencies.
Primary highlight of CTRAX is its stringent peer-to-peer (P2P) blockchain-based communication between buyer and seller. The feature eliminates broker ships and allow direct transaction between buyer and seller. In each transaction, both parties will share their selling list. Following any purchase request, CTRAX application will open a new private connection between buyer and seller. At limited window of 30 seconds, both parties must mutually initiate responds for the transaction to take place. Through private connection, interference from other users can be neglected, this security attribute is vital towards trustless transaction, the transaction that minimizes the amount of trust required from any single party in the system.
“In a conventional “centralized” practice, we trust a third party as the agent who warrants those two assets. In a “decentralized” practice however, the power of trust is placed in “public-key cryptography” and a “consensus mechanism” that sets to regulate the truth,” said Gen Matsuda, CEO of OBC. “CTRAX uses Thor’s Hammer blockchain to delimit a protocol that consents two parties to perform a “peer-to-peer” transaction across the Internet. The underlying blockchain system enables trust for both the transferand ensuring authenticity coupled with currency legitimacy.”
In this cutting-edge era, many are intrigue in buying and selling cryptocurrencies. CTRAX application creates user experience with inclusiveness for beginners and expert cryptocurrencies users.
Advancing forward, OBC plans to collaborate with Initial Coin Offering (ICO) companies and recognized market operator (RMO) companies to benefit from this transparent exchange of cryptocurrencies. CTRAX application is the second product of Thor’s Hammer” blockchain by the OKWAVE group. CTRAX supports both the private blockchain and public blockchain network transactions. The scalability of CTRAX empower limitless potential in the world of cryptocurrencies.
For more information, visit: https://ctrax.okwave.global
About OK BLOCKCHAIN CENTRE Sdn Bhd (OBC)
OBC is an IT development center responsible for the strategic advancement of the OKW group (Japan), based on blockchain technology. OBC is located at a Medini 9, Central Business District of Iskandar Puteri, Medini City. OBC has a wide range of collaborations with Malaysia government, local universities and local influential companies. OBC aims to make Johor a blockchain development special zone.For more information, visit us at: https://www.okwave.global/
About OKWAVE Inc
OKWave Co., Ltd. was established in July 1999. Japan’s first and largest Q & A site, aiming to “realize both physical and physical well-being through the creation of a place to help each other and contribute to the development of the world”. OKWAVE (https://okwave.jp) has been in operation since January 2000. There are various services provided based on OKWAVE’s Know-How. This includes No.1 FAQ system that is OKBIZ for FAQ / Helpdesk Support (https://www.okwave.co.jp/business/service/biz-faq-helpdesk/) which covers major corporations and more than 500 Japanese government agencies; OKBIZ for Community Support (https://www.okwave.co.jp/business/service/okbiz-cs/) as customer participation support community tool; OKBIZ for AI Agent (https://www.okwave.co.jp/business/service/okbiz-ai-agent/) as AI agent services; and more. OKWAVE became a public company in June 2006 and is listed on Nagoya Centrex Market (3808:Nagoya). At present, OKWAVE are providing services for rewarding the members of society in the expansion of “Thanks Economy”(https://thanks-economy.com/) platform using combined technologies of AI, Blockchain and Information security.
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NORLISA BINTI FRANCIS NORDIN
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