AXIS Token International Unveils Layer 2 Blockchain

Platform provides affordable data security and NFT mining for industries ranging from supply chain to insurance to art.

CAMANA BAY, CAYMAN ISLANDS, Nov. 15, 2022 /EINPresswire.com/ — AXIS Token International, a partner of LaneAxis Inc., the industry’s first blockchain-powered Direct Freight Network, today announces the launch of its Layer 2 (L2) blockchain, AXIS Chain. Securing and streamlining data storage for everyday businesses through blockchain is the technology world’s new frontier. AXIS Chain offers a wide range of real-world applications that enable businesses to leverage blockchain technology and Web3. It is key that enterprises move away from traditional and vulnerable single point stores of information storage to an immutable ledger, the next generation 3.0 technology.

The newly developed AXIS chain provides an advanced network that uses the Lachesis Consensus Algorithm (LCA) protocol for added security and an L2 network for increased speed of data storage and transactions per second. The energy-efficient Proof-of-Stake protocol secures the network, allowing staking parties to become validators and help provide control and security to the AXIS chain. Information entered into AXIS Chain is stored in the blocks, which are then placed into nodes and thus validated and linked together to secure data within each block. Following security best practices, AXIS Chain is a fast L2 solution that makes blockchain and web 3.0 technology available to businesses of all sizes and across a variety of industries.

“Our collaboration agreement with ATI is another major step forward in our goal to eliminate inefficiencies, reduce costs and build a next-generation technology foundation for the next century,” said Elvis Rodriguez, LaneAxis director of engineering. “Aggregation and protection of company and industry data is critical to our success. The ability to build new decentralized apps (dApps) on AXIS Chain is also an important advantage for developers who want to create new and useful applications.”

AXIS Chain’s decentralized network aims to make traditional databases obsolete by using “oracles” that connect the L2 blockchain to external systems and other blockchains, providing critical interoperability and enabling AXIS Chain to execute smart contracts based on real-world input. The initial applications for the AXIS chain focus on the $15 trillion global supply chain, the multi-trillion dollar insurance sector, and the physical and digital art sectors.

Digitizing documents is a quick and straightforward process. Once accepted and adopted, AXIS Chain becomes an invaluable tool for solving security/privacy issues via its immutable ledger and smart contract that prevents fraud or data manipulation.

AXIS Chain provides a number of features that allow users to use the chain for a variety of purposes:
-Security: Store information in the chain with validators that secure all information in the chain.
-Scalability: A tailor-made blockchain with enormous potential to scale as network usage and activity increases over time.
-Increased transaction throughput: Greatly increased transaction speeds (transactions per second or “TPS”) with significantly lower transaction fees (gas)
than a typical Layer 1 blockchain.
-Staking: Validators help increase the security of the chain by staking the AXIS token, while receiving staking rewards.
-NFTs: Mint NFTs for a variety of purposes, including validating insurance certificates and elevating the finest works of art in the world to digital – and
irreplaceable – masterpieces.
-Developer experience: Build on AXIS Chain using your favorite tools and preferred developer languages.
-Decentralized data storage: Store data on the AXIS chain with significantly reduced environmental impact (using energy-efficient Proof-of-Stake
consensus mechanism as opposed to energy-wasting Proof-of-Work consensus mechanism.”
-Compatibility: Built with the same coding language as Ethereum – AXIS is compatible with all existing Ethereum DEXs, projects and protocols.

“AXIS Chain’s overall goal is to provide the infrastructure and framework for enterprises to move away from traditional data storage systems and into a decentralized environment, providing safety and security through the Proof-of-Stake consensus protocol,” adds Rodrigues. “The more companies that build on the chain, the more secure it will be – and the safer the users’ documentation will be.”

The AXIS chain will be unlimited in its ability to build new dApps and provide businesses and individual users with new opportunities unbound by traditional technological limitations. To learn more, visit

ABOUT AXIS TOKEN INTERNATIONAL

AXIS Chain is a public, Layer 2 blockchain focused on bridging real business challenges and next-generation Web3 technology that decentralizes, democratizes and immutably secures documents and data – to name just a few features. Forged from the need to provide cost-effective solutions for document integrity, data immutability and smart contract automation – AXIS Chain is the premier Web3 platform built to strengthen and secure business processes for companies and industries worldwide. AXIS Token International (ATI) is a private company based in the Cayman Islands.

Sofia Spieler
On behalf of AXIS Token International
[email protected]
+1 (315) 395-1877