We developed an industrial blockchain technology, designed to handle high speed and transaction volumes through cellular connectivity. Industrial environments create billions of transactions per day through connected industrial IOT devices. The MYNXG Blockchain serves these transactions directly from inside the MYNXG trusted compute base (TCB) of each device.
The MYNXG Blockchain is based on the most effective communication methods between the IOT device and the cloud. Private blockchain keys are stored securely inside the TPM of the device. Proof of authenticity (POA) and the proof of work (POW) are computed at device level. The POA and POW at the MYNXG Cloud level are done with certificates to provide scalability. The devices can be grouped per application and customer specific into separate blockchains, allowing for infinite scalability. The MYNXG Blockchain runs over 10.000 transactions per second (TPS).