China reveals huge blockchain cluster that could be a taste of our dystopian future

Date:
Sun, 05 Feb 2023 12:21:18 +0000

Description:
A thousand servers have formed a cluster in Beijing, capable of processing
240 million smart contract transactions a second.

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Chinese media have revealed details on the countrys huge blockchain effort to handle its populations data, and what its capable of is almost unthinkable.

According to BJD , the Beijing behemoth which has been dubbed the Honeycomb comprises 1,000 high-performance servers, the sum of which is able to handle 240 million smart contract transactions every single second.

Its said that data security and privacy, with a large portion of data verification, will underpin the transactions across a number of industries including travel, online shopping, hospital registrations, financial settlements between enterprises, government collaboration, and much more. Honeycomb blockchain cluster

The countrys two-year-old home-grown independently controllable blockchain software and hardware technology system, Chang'an Chain, is behind this
latest Beijing development.

Some have touted this as a significant moment for China, as countries like
the US have imposed a number of restrictions that prevent the trade of
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The fact that the country is able to sustain such significant builds and developments is a testament to the fact that it may no longer require other countries inputs, placing it ahead of many.

BJD claims that the blockchain cluster could serve to break up information islands and allow over 80 departments and 16 districts to collaborate and share data more effectively, all in an effort to nail the coordination of its governance system.

The report indicates that it would greatly facilitate peoples lives, however for many, it may just be one more step in the wrong direction as the Republic continues to gather more data on its citizens. Read our pick of the best
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Via The Register



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Link to news story: https://www.techradar.com/news/china-reveals-huge-blockchain-cluster-that-coul d-be-a-taste-of-the-dystopian-future-to-come


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