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BitMax.io (BTMX.com) and COVA Announced Strategic Partnership

NEW YORK, NY / ACCESSWIRE / December 14, 2018 / BitMax.io (BTMX.com), the leading 3rd-generation of digital asset trading exchange with the industry very first transaction mining & reverse-mining mechanism, has announced partnership with COVA, a promising data platform that attaches Smart Policies to user data to better protect data privacy.

Who is COVA?

COVA is a well-funded project supported by some of the most established institutions in the blockchain space. COVA is developing a protocol that will help organize, transact, and protect the immense amount of data that powers today's commercial infrastructures. It utilizes one of the most important benefits of blockchain technology, security, to ensure data flow is safeguarded from misuse, fraud, and theft.

COVA's technology will be immediately applicable and the project has already partnered with major enterprises like hospitals and financial institutions. COVA's claim to a competitive edge is that its technology can be utilized for end-level applications through Python. Thus, COVA aims to deliver usability of its technology through a widely used computer science language.

The foundational aspect of the COVA Protocol is the development of Smart Policies, which are smart contracts that define the utility pathways of data. This ensures that data is utilized as per the issuer's intent without the need of constant monitoring of those who utilize it. Thus, data can be shared among institutions without any participants fearing the loss of proprietary information. Moreover, as the contracts will exist upon immutable ledgers, there will be no means to tamper with them.

The immediate benefit of the COVA protocol will be greater data utility. Presently, an immense amount of data sits in silos that vastly limit most of the world's data's utility. By ensuring this data can be securely shared, COVA can to carry the utilization of data, as a resource, into a new era.

COVA is led by a team of industry experts with relevant experience at renowned institutions like Citadel. The project development is advised by Harvard professors and major business personalities in the blockchain space, including the founder of FBG Capital.

A Strategic Partner with BitMax.io (BTMX.com)

BitMax.io (BTMX.com) is a global operator of innovative digital asset trading platform with a broad range of products and services for global retail and institutional clients. With its relentless focus on transparency, reliability, and quality of execution and client services, BitMax.io has established itself as a clear leader in the crypto trading and exchange space.

Since its initial launch in August, BitMax.io has been steadily moving up the ranks in the competitive exchange space with its client-centric focus and continuing trading innovation: the platform completed its early stage financing round with strategic investments from many of the industry's top venture capital institutions including FBG Capital, BitMain, Matrix Partners China, and Danhua Capital; it is the industry first exchange that applies both trans-fee mining and reverse-mining; and within the first 24 hour of the launch, the industry FIRST transaction-mining and REVERSE-mining, the trading volume on BitMax.io (BTMX.com) had reached approximate 1.4 bln USD.

BitMax.io is committed to supporting excellent quality projects, like COVA. With the solid technical background of COVA, and the industry-leading mining / reverse-minig trading models by BitMax.io, the partnership will provide top-tier services to both of their investors and community members.

For more information, follow BitMAX on:

Website: http://www.BitMax.io

Twitter: https://twitter.com/BitMax_Official

Reddit: https://www.reddit.com/r/BitMax/

Telegram: https://t.me/BitMaxioEnglishOfficial

Medium: https://medium.com/bitmax-io

Contact: support@bitmax.io

SOURCE: BitMax



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https://www.accesswire.com/530588/BitMaxio-BTMXcom-and-COVA-Announced-Strategic-Partnership

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