Current DLT has weak foundations:
that's why we built Taraxa
Distributed ledger technologies (DLT) can address many of IoT's challenges, making them perfectly complementary. The bad news is, current DLT's foundation is weakened by numerous flaws, making it poorly-suited for large-scale IoT applications, which is why we built Taraxa.
Concurrency inspired by STM: orders of magnitudes faster
Inspired by the principles of software transactional memory (STM), Taraxa achieves node-level concurrency by speculative parallelization of smart contract calls, with conflict minimization achieved from built-in concurrent data structures.
infinitely-scalable contract system
The network is sharded into jurisdictions determined by an optimization algorithm that evenly spreads workload between the shards and minimizes cross-shard transactions. These shards evolve automatically as each node executes the algorithm on their own, facilitated with a simple consensus on the historical set as input.
Trustless light nodes: enabling device autonomy
IoT devices are constrained by their processing, memory, and bandwidth limitations. Instead of making them blind puppets of full nodes, Taraxa has created the first practical trustless light node to make devices fully independent and autonomous in their trading decisions.
Encrypted data market:
secure data transactions
The first Dapp on Taraxa will be an encrypted data market with a variety of data trading and encryption tools, giving our ecosystem partners the tools necessary to set up their own domain-specific IoT data use cases.
Built on block lattice: the next-gen DAG
Taraxa is built on top of a block lattice topology pioneered by the amazing Nano project, creating the first DAG-based smart contract platform that's lightning fast, IoT-friendly, and perfect for concurrency.
Ubiquitous IoT use cases: Taraxa is actively working on the following use cases with ecosystem partners.
Professor Maurice Herlihy
Professor Herlihy is the An Wang Professor of Computer Science at Brown University, and a world authority in Distributed Computation. He is the recipient of the 2003 Dijkstra Prize in Distributed Computing, the 2004 Gödel Prize in theoretical computer science, the 2008 ISCA influential paper award, the 2012 Edsger W. Dijkstra Prize, and the 2013 Wallace McDowell award. He is fellow of the ACM, a fellow of the National Academy of Inventors, the National Academy of Engineering, and the National Academy of Arts and Sciences.
Professor Herlihy holds a PhD in Computer Science from MIT.
Business and Policy
Taniya-san has a broad range of investment experience and is one of the leading and earliest angel investors in Japan, currently holding GP and/or board member positions in many VC, PE, and hedge funds.
He is the founder of Asuka Asset Management, Mercuria Investment, founding member of Tudor Capital Japan, formerly head of Asia trading for Salomon Brothers. Taniya-san also sits on many boards advising senior politicians on policies related to finance and technology.
Taniya-san holds a BA in Law from Tokyo University.
Mr. Shen is one of the earliest blockchain entrepreneurs and investors in the world and a co-founder of Bitshares and Fenbushi Capital. He has over a decade of asset management and finance experience in North America and Asia.
Mr. Shen holds a BA in Mathematics from ShanghaiTech University and MS in Engineering From Georgia Institute of Technology.
James is one of the leading key opinion leaders in the blockchain space in China since 2012. He is the founder of ICOAGE (formerly China's largest ICO platform) and ChainB (the largest Chinese blockchain media).
James has translated and written innumerable blockchain whitepapers. He is the author of many influential books in blockchain, including "Blockchain Society,” "Blockchain - New Economic Blueprint," "Digital Currency" and many others.
James holds a BA in Mathematics and BS in Computer Science from Shanghai University.
Business Development Strategy
Yanfeng is an experienced entrepreneur and technologist in blockchain and IoT. He is the founder of Tuolian Shanghai Technology (a cryptocurrency custodian service provider), a co-founder of Cybex (a decentralized exchange), and co-founder of Tokex (a big data analytics company for business and AML service). He was formerly the a regional manager of National Instruments in China.
Yanfeng holds a MS in Electronic Engineering from Shanghai Jiao Tong University.