Original token/coin issuing platform,
high speed transaction on public blockchain
Inazma is a second layer solution which aims to create new business models
that combine the extended Lightning Network and the Open Assets Protocol
Issuing original tokens
Minimizing Transaction Fees
Potential Use Cases
Reward / Loyalty Programs
●"Shared points" program
●Indepedent Point Programs
Digital Money and Original Coins
Technical issues relating to scaling and decentralization still remain when trying to issue new original coins as a form of digital money. Inazma aims to provide a convenient platform that helps remove these limitations..
Furthermore, we expect that Inazma platform will be used for ICO for simple tokens.
Let the public blockchain come into its own
In addition, because the public blockchain eliminates the need for trust points, it eliminates the risk of "single point of failure" issues that exist within the current systems where a single entity is responsible for upholding the trust of the system.
The true value of the public blockchain lies within its ability to be both decentralized and trustless (eliminating the need for control by a centralized party),. and Inazma is being developed in order to bring the practical side of blockchain into everyday life.
On the other hand, public blockchain still has unresolved issues related to scaling, and Bitcoin is not suitable for trading assets other than Bitcoin itself.
Inazma maximizes the potential of the public blockchain, and provides a solution to these issues, while also becoming a platform which drives the creation of new business models.
Overview of Inazma
Even though when Bitcoin, the first cryptocurrency, was created, it was intended for only the Bitcoins themselves to be traded as currency. As the technical basis of Bitcoin, the blockchain possesses a much wider variety of possibilities. For example, the blockchain can be used in order to represent the digital assets by applying "colored coins" concept, where tokens can be 'colored' to represent different assets.
However, although it has become possible to handle many kinds of assets using colored coins, the speed of transactions is still dependent on Bitcoin's main network, and therefore this method may not be suitable for processing large numbers of transactions.
Inazma enables the handling of these colored coins/tokens by combining the technical concept of "colored coins" with the Lightning Network, an upper layer off-chain technology that runs on the Bitcoin main network.
Inazma will continue to be improved through proof of concept testing during the first half of 2019 for both API and performance, with the aim of launching services that are backed by Inazma during 2019.