Why Maxonrow is Positioned to Take the Blockchain Landscape By Storm
From leveling the playing field for developing countries to providing savvy entrepreneurs everywhere with incredible opportunities, the benefits blockchain can potentially provide to people around the world speak for themselves. Yet, a few major obstacles stand in the way of widespread, mass adoption of blockchain technology.
One problem is, of course, the volatility and unpredictable nature of blockchain’s most popular sub-industry: cryptocurrency. Perhaps an even larger issue though, is the questionable security of the ecosystem as a whole. With recent ICO scams, the DAO hack, the Bitifinex debacle and more gaining press, many powerful organizations that would have the influence to drive near-ubiquitous blockchain adoption have been hesitant to dive into the space at all.
Maxonrow—a promising, Singapore-based blockchain platform—wants to change that narrative though. And after the recent roadblocks halting Facebook’s Libra, Maxonrow wants to strike while the iron’s hot. By being built on the KYC (“Know Your Customer”) blockchain, Maxonrow’s founders have put an emphasis on security, efficiency, affordability and regulatory compliance. With these cards in hand along with innovative features and an experienced team, Maxonrow is pushing to become the primary blockchain platform solution for governments and enterprises, worldwide.
Here’s the who, why and what behind the project—plus, how you can get involved in the action.
What inspired the creation of Maxonrow?
In light of the many ICO scams that took place in recent years, company leaders—Mark Homeier and Jin Tai—envisioned a blockchain platform centered around security and universal trust when they came together to launch Maxonrow. In a digital world that seems to be gradually eroding user privacy as the months go by, Maxonrow aims to be the secure solution all entities can rely on and turn to for safe trading of digital assets, from governments to large corporations.
To accomplish this, Maxonrow has actually partnered with government organizations and large scale enterprises to map out the characteristics of what a successful blockchain platform would need to thrive at a nationwide level. Rather than relying on the hunches of founders, as most chains do, Maxonrow cut out the middleman and went straight to the source to ensure the product it put together would have the best chance of cutting through the noise.
Additionally, the Maxonrow team created real-name authentication technology to be used for all KYC and AML (anti-money laundering) protocols. With it, only verified individuals can access and use the system, making everything trackable to hold users accountable and liable in case of nefarious acts. For this reason, governments and enterprises will be able to trust Maxonrow’s system—helping to expedite widespread adoption of blockchain technology as a whole.
When asked to elaborate on the move, Homeier had this to say:
“There are segments of the economy where blockchain is utilized brilliantly but you still need to have identity because you want to have ownership. STO securities, real estate, art, for example–some systems want to know who the owner is. Ours is encrypted and anonymous but we have also developed a way to store the data and your identity so that it is secure but still on the chain.”
While this is well and good, Maxonrow knows if a blockchain platform is going to truly succeed, it needs to appeal to individuals and entrepreneurs as well as influential governing bodies. This presents practitioners with a very delicate balancing act: a platform must remain secure enough for governments and enterprises to wholeheartedly back it, but it must also be malleable and customizable enough for entrepreneurs to use it and build on it.
Coming from entrepreneurial backgrounds themselves, the founders of Maxonrow were aware of this. With its technology, engineering teams are able to design and create their own custom wallets app using Maxonrow. Users are also able to receive utility tokens without any engineering support. Homeier summed up the company’s focus on mass appeal by saying,
“We offer all of the tools that are traditionally reserved for Wall Street’s biggest companies and safely give those tools to anyone who can use a smartphone without compromising security.”
With a diverse team of 100+ visionaries with experience in entertainment, blockchain, media and other industries, Maxonrow is striving to create something truly transformative in a space that has largely been shrouded in doubt over the past year.
What makes Maxonrow different?
In addition to its real-name authentication technology, Maxonrow has created a number of features to make their vision a reality. Here are just a few of them.
- MAX-Wallet: On top of facilitating the trade of MXW tokens back and forth between users, the MAX-Wallet will also allow patrons to create and manage multiple MXW currency wallets and even issue custom tokens. Backers will also be able to communicate with other community members in real-time with MAX Wallet’s chat feature. With transparent transaction fees, the wallet aims to provide users with an affordable alternative to others on the market.
- Governed Delegated Proof of Stake (GDPOS): With safety and security being a core tenet of its product, Maxonrow’s unique GDPOS allows for all possible hacks and threats to be easily identified in the system’s supernodes using its KYC real-name authentication technology. This ensures prompt resolutions to any potential danger on the chain.
- True Asset Issuing: With Maxonrow, you can rest assured that any and all transactions will only come from real users with real assets. Before any party distributes assets on the public chain, they are required to pass KYC and validity verification.
How to Get Involved
If you’d like to stay up-to-date with what’s going on at Maxonrow, you can follow them on Telegram, Twitter, and Facebook. You can also learn more about their ideology, their team, and the problems they’re solving by downloading their white paper. Lastly, Maxonrow recently hosted a free meetup in New York City to bring together like-minded individuals, build community and introduce the MAX Wallet to the public. If you’d like to meet them in person, be sure to keep up with the #MaxonWorld hashtag to see if the team is coming to a city near you.
As earth-shattering as blockchain’s potential impact on the economy is, many of its benefits will only come to fruition when the technology is utilized at a near-universal level. In order to get there, the space needs outright support from government organizations and private enterprises alike—not just individual hobbyists and talented entrepreneurs. Because of its secure, affordable and compliant solution, Maxonrow appears to be in an excellent position to help move the needle in a positive direction when it comes to mass adoption.
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