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Press release Box-ID: 1003841

MYNXG Neumeyerstrasse 28-34 90411 Nürnberg, Germany https://www.mynxg.com
Contact Mr Christian Klein +49 176 24476298
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MYNXG

MYNXG industrial blockchain technology is officially US patented

The Blockchain Technology offers the opportunity to initiate new services

(PresseBox) (Nuremberg, Germany, )
German technology company MYNXG was just granted a US patent for its novel blockchain technology. MYNXG developed its blockchain technology for high performance industrial use-cases and recently started using it for secure and privacy compliant transactions with regular smartphones. This technology makes audit trails in a digital connected industry secure and trustable.

“I am happy for the team that our technology is now officially US patented”, says Bernd Moeller, MYNXG’s founder and CEO. “The whole MYNXG development team worked hard to create a blockchain technology which is fast enough to handle the high transaction volumes and strict performance requirements for use in real-time industrial applications. Our blockchain technology is primarily used to create a secure digital audit trail when for example a piece of industrial equipment experiences a critical event or needs to record specific usage parameters that are relevant for maintenance or invoicing. The MYNXG blockchain supports internal and external audit, verification and certification parties and allows for continuous compliancy.”

The MYNXG Blockchain is designed to process large transaction volumes at high speed, which is required for global business operations with millions of connected IOT devices. It can handle the transactions all fixed and mobile devices that operate and transact globally within MYNXG secure IOT platform architecture. The MYNXG Blockchain Technology uses a hardware-based security framework, with trusted platform modules (TPM) in the devices and industrial scale hardware security modules (HSM) in the cloud, which are certified by the German federal office of information security (BSI) and relevant authorities in other key legislations.

“Our technology finally opens the door for industrial scale-up of blockchain applications. This allows original equipment manufacturers to digitize calibration and certification, or even start to move to equipment as a service models.”, says Mirko Schnitzler, MYNXG’s CSO. “With our blockchain we can combine industrial IOT data with business data to drive value creation in supply chains. Imagine all transactions with your suppliers and customers are logged automatically in a trustable digital way. This will allow anyone to be radically more efficient and faster than ever before.”

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MYNXG

MYNXG was founded in 2013 and operates a unique smart, real-time and secure industrial IoT platform. This platform is implemented at several German and leading global industrial players to connect products, systems, machines and people securely and integrate the transactions with existing business systems. Its unique architecture is considered the industry reference for security.

MYNXG holds essential architectural patents for secure industrial IoT based on end-to-end encryption. MYNXG invented the MYNXG blockchain, specifically designed for industrial use, which can be used by any device. MYNXG access technology lets people interact securely with things, data and processes in their daily business. It utilizes the MYNXG Mobile Secure App that operates on any smartphone that supports NFC technology.

MYNXG is a fast growing scale-up company with EUR 10M+ revenues, operating with a team of 60+ people, through four legal entities, with offices in Nuremberg (HQ), Frankfurt am Main (Germany) and Utrecht (The Netherlands).

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The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.