Rather than being merely a PoC application, mijin is a practical blockchain product for constructing zero downtime backends.
By merely defining (modeling) the asset ledger, without the need for any difficult coding, on-chain asset modeling allows users to issue, distribute and manage a wide variety of different assets as tokens on the blockchain. Furthermore, using its tree-like structure, it is possible to manage assets. Additionally, it is possible to issue an unlimited volume of tokens, and to design them in great detail.
By matching assets and multisig, and by controlling asset movement through the utilization of multisig as the key, it is possible to conduct the secure placement onto the blockchain of a wide variety of different business practices and contracts. Such resources can easily be set up and managed as one-time contracts.
※mijin v.2 has a common concept.
From among multiple signatories, Multisignature allows for transactions and contracts to be executed by a pre-set number of signatures being obtained. For each individual transaction, you can set the required number of signatures out of total number of signatures with the period of validity.
It is function that allows multiple assets (tokens) to issue, distribute and to manage simultaneously and freely on a single blockchain protocol. Also, it is possible to set the volume (number) of tokens to be issued, as well as to lock their volume, etc.
Namespace resembles an Internet "domain," and it describes partial areas of the mijin and NEM blockchains that can be obtained through rental. It is possible to use this function in order to record and use IDs that identify particular companies, brands, individuals and locations, etc.
Mosaic is a unique type of token that can be issued under the Namespace function obtained on the mijin and NEM blockchains. The issued tokens can be used as applications and services for cryptocurrencies, point programs, gift vouchers, electronic money, trading cards, ownership rights, tickets, and user IDs, etc.
※mijin v.2 shares the same function.
While inheriting the achievements of its predecessor, mijin v.2 (Catapult) fuses seamlessly with the technological leading-edge of developments such as the Internet of Things and Artificial Intelligence. What is more, in that we believe that blockchain technology should be more widely utilized throughout industry as an enterprise product, mijin v.2 (Catapult) is the result of some two-and-a-half years of development.
Following on, mijin v.2 (Catapult) was realized in open-source format in May 2018. What is more, in the second half of the year, it is planned to commence the provision of mijin v.2 (Catapult) dual licenses which will combine both the open-source and enterprise license formats.
Aggregate Transaction combines multiple individual transactions into a single contract, and once the electronic signatures of all the designated parties have been obtained, it makes it possible to execute the settlement of all of them simultaneously. If, however, the signatures of all parties are not obtained, transaction settlement does not take place. For example, there are multiple users possessing different assets. If they wish to exchange them with one another, even without personally knowing the counterparties, Aggregate Transactions allows for reliable swap transactions to take place among them.
Multisig, the mijin function that allowed for contracts to be carried out among a number of designated parties if there was agreement among them to do so, has further evolved. Multi-Level Multisignature now allows for the construction of layered contracts that are able to accommodate complex approvals and signatory processes. It is now possible to create and execute multisignature agreements with up to three layers to them. Furthermore, contracts can be automatically deleted whereby the agreement of the parties is not obtained by a certain time on a certain day.
※It enable the user to try out the mijin v.2 (Catapult) without starting up the service by oneself.