Blockchain scalability addressed in Vietnam

During Vietnam Blockchain Week (March, 7-8) in Ho Chi Minh city Achain startup suggested an approach towards the issue
12 March 2018   460

The two-day event attracted thousands blockchain enthusiasts from all over the world. One of the most delicate issues of the technology - its scalability, was the point of interest of a special panel during the event. It is reported the panel discussion was the most heated of all.

A public blockchain Achain has come to Vietnam with actual suggestions. First of all, it has designed a new consensus algorithm - Result DPoS. It inherited the benefits of the acclaimed DPoS algorithm, but brings optimization of block generation and delegated nodes, and increases the speed of reaching the consensus among the delegates. This results in a faster Transaction Process System at Achain.

The second proposal is a so called 'forking theory'. Basically, the concept assumes a parallel system of forks cooperating as a unified system that achieves processing goals in reaction to real-world events individually.

We are trying to build a blockchain network by forking to create different functional forks or 'sub-chains' that will improve performance and create new application scenarios. Overall, we believe this is a great solution to blockchain scalability issues.

 

Kyle Lu

Partner & VP, Achain

Looking at Achain's counterparts in question (Lightning Network, Sharding, etc), they're also trying to increase capacity and performance of the platform by searching for a technical breakthrough.

Bank of China to Issue $2.8B Blockchain Bonds

Bank used its own DLT system to issue blockchain bonds
09 December 2019   68

The fourth largest state bank, the Bank of China, has issued two-year blockchain bonds for small businesses totaling $ 2.8 billion.

To issue digital certificates, Bank of China used its own blockchain system.

It is also the first blockchain-based bond issue accounting system in the country.
 

Bank of China

Securities will go on sale with an interest rate of 3.25% per annum.

Thus, the bank hopes to raise funds to support small businesses in the country. As of September, as part of this initiative, the bank provided loans to small and micro enterprises for a total of $ 57.7 billion.