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BlueBarricade Reaches New Threshold in Blockchain Technology With 1,400 Transactions per Second
BlueBarricade Reaches New Threshold in Blockchain Technology with 1,400 Transactions per Second
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CIO Applications | Friday, August 13, 2021

BlueBarricade Reaches New Threshold in Blockchain Technology with 1,400 Transactions per Second
FREMONT, CA: The blockchain accelerator, built by Sweden's BlueBarricade Blockchain & AI Technology AB on IBM Blockchain Platform, has set new performance records in the global market for high-speed business blockchain. With the help of HCL and IBM, performance tests got carried out.
"We are excited to bring forth our ground-breaking efforts that show a consistent result of 1,400 blockchain transactions per second on the BlueBarricade blockchain accelerator," says Mikael Bramstedt, innovator and founder of BlueBarricade Blockchain & AI Technology AB.
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Speed and scalability have improved thanks to recent performance tests conducted by BlueBarricade with the help of HCL and IBM. The testing was conducted at several locations with an international test crew, emphasizing performance goals and functionality.
The global need for high-speed enterprise blockchain is increasing. Gartner, a research and consultancy firm, forecasts that blockchain technology could generate 3.1 trillion dollars in commercial value by 2030.As enterprise blockchain use grows, higher transaction speeds and the capacity to support enormous transaction volumes will be required, all while maintaining a highly secure environment.
"Five weeks of testing was a success in reference to the goals that were set up for the project," says Lars Bäck, co-founder of BlueBarricade. "Our product can consistently perform 1,400 blockchain transactions per second on large multi-tenant and multi-peer installations."
State-of-the-art technology
Not only may this be a technological breakthrough that transforms transactions and worldwide information exchange, but it also exceeds BlueBarricade's previous objective of 1,000 transactions per second.
BlueBarricade's accelerator builds a secure and scalable blockchain solution for nearly any sector by combining IBM Z's innate power and security standards with state-of-the-art Red Hat OpenShift and Kubernetes container orchestration technology. It can also install as a Hybrid Cloud service or directly on-premises, which considerably minimizes the complexity.
"Traceability, security, trust and transparency have been the main benefits of using blockchain technology for years," adds Mikael Bramstedt. "The new and ground-breaking efforts of BlueBarricade enable enterprises to build next-generation business applications, creating the digital economy of tomorrow."
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