The Blockchain technology development group called Splend has divulged its new blockchain system, which is believed to galvanize the blockchain revolution. The new technology has helped Splend obtain its first strategic partnership in China.
Prompting A New Era Of The Blockchain
Splend’s new proprietary technology is called the Integrated Blockchain Architecture™ (IBA™). This blockchain technology offers faster crypto transaction speeds, transparency, low fees, high security and cross-platform accessibility.
IBA™ powers millions of simultaneous blockchain transactions among users and devices by processing them instantly.
The new blockchain system is a marker of Splend’s emergence from stealth mode, as its features tackle the limitations in blockchain infrastructure such as scalability, security, and latency.
Rick Bleszynski, the CEO of Splend has addressed the topic of blockchain as the ascendant technology of the present, and aims for Splend to reduce its restrictions.
The CEO said:
“Blockchain has the potential to become the new dominant network. We, at Splend, aim to power the new Blockchain Network Infrastructure by solving the existing limitations and bottlenecks. Our team has three decades of experience in solving very similar problems during the past computing platform revolutions, and we intend to make the Blockchain network ubiquitous just like the Computer and the Internet.”
Capabilities Of The IBA™ And Splend’s Partnership In China
The Integrated Blockchain Architecture™ from Splend has launched its first implementation, the IBA™ Flash Network, which provides rapid speeds of financial transactions. The system is layered on top of the Ethereum blockchain and is compatible with all ERC20 tokens.
IBA™ has been formulated to surpass both the Bitcoin and Ethereum blockchain transaction speeds. The Bitcoin blockchain can execute roughly 3 transactions per second, while the Ethereum blockchain can conduct about 30 transactions per second. The IBA™ was designed to surmount these transactions processing speeds, as it handles 1 million transactions per second.
The development of the IBA™ has helped Splend acquire its first partnership in China, bringing forth new opportunities for the company. The partnership is a strategic alliance with the Shanghai Code Center Industry to create the next generation network infrastructure with Splend’s IBA™ Flash for the China Cable Television Network. The television network is one of the largest media companies in China, garnering over 1 billion viewers.
Based in Silicon Valley, Splend has over 25 years of experience in software development from its co-founders and senior executives. The company has utilized decentralized P2P blockchain protocols and algorithms, complex network processing hardware and software with system-on-a-chip expertise.
It has also created the Universal CryptoWALLET™ (UCW™) application that has an associated blockchain service. Splend seeks to use its software and hardware experts to become a pioneering company within blockchain infrastructure.
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