Security News > 2021 > July > BlueBarricade achieves new performance levels for high-speed enterprise blockchain

The blockchain accelerator - developed on IBM Blockchain Platform by Sweden-based software house BlueBarricade Blockchain & AI Technology AB - has achieved new performance levels in the global market for high-speed enterprise blockchain.

Performance tests have been conducted with the support of HCL and IBM. "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. Global demands on the high-speed enterprise blockchain market are growing.

Research and advisory company Gartner made predictions that blockchain technology will create business values at a level of 3.1 trillion USD by the year 2030.

As enterprise adoption of blockchain continues to scale, it will require increasing transaction speeds and the ability to support large transaction volumes, while also ensuring a highly secure environment.

"Our product can consistently perform 1,400 blockchain transactions per second on large multi-tenant and multi-peer installations."

"Traceability, security, trust and transparency have been the main benefits of using blockchain technology for years," adds Mikael Bramstedt.

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