Australia’s Commonwealth Scientific and Industrial Research Organization (CSIRO) and the University of Sydney have conducted a global test of their new distributed ledger technology, dubbed Red Belly Blockchain, CSIRO said on Tuesday. The DLT project used Amazon (NASDAQ:AMZN) Web Services (AWS), a paid cloud computing system, and managed to process 30,000 transactions per second from several locations around the globe.
The trial involved around 1,000 virtual machines that covered 18 AWS regions like Asia Pacific, South America, North America, and Europe. The transactions were related to peer-to-peer (P2P) trading, but CSIRO did not disclose additional information. The Red Belly Blockchain carried out two oth...
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