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South Korean KT Corporation Has Introduced Its Proprietary Blockchain

South Korean KT Corporation Has Introduced Its Proprietary Blockchain

KT Corporation, one of the two biggest telecoms organizations in South Korea, has created its own blockchain network expecting to spread the innovation crosswise over areas including ID confirmation, data roaming, and energy exchange.

Increasing Transactions Speed

The firm announced its KT Network Blockchain on Tuesday, naming a throughput of 2,500 exchanges per second (TPS) due to reconciliation with the existent high-speed network. Additionally, the organization asserts it can speed up to 10,000 TPS before the year is over and to as high as 100,000 TPS by 2019. read more