BlockchainMarketPayment

Blockchain-Based Payment Network Under Development

Akamai Technologies logo. (PRNewsFoto/AKAMAI TECHNOLOGIES) (PRNewsfoto/Akamai Technologies, Inc.)

Akamai Technologies, Inc., the cloud delivery platform, and financial group MUFG have announced plans to offer a new blockchain-based online payment network enabling next-generation payment transaction scale and responsiveness.

This hyper-scale payment network, powered by a newly-developed blockchain architecture, is designed to be capable of processing more than one million transactions per second at latencies of less than two seconds per transaction. The underlying blockchain architecture is expected to be extensible to 10 million transactions per second. Transactions executed across the payment network will be accelerated and secured by Akamai’s cloud security offerings.

 

READ MORE OF THE ARTICLE AT CHAIN-FINANCE.COM

Based near Windsor, England, Matthew Warner is an enthusiast for innovative, cutting edge technologies. He is a B.Eng. graduate in engineering with honors from the University of Warwick and also holds an PGCE in education degree. Matthew is a member of Mensa.
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