Hello everyone! We are excited to introduce Splend’s game changing technology, Integrated Blockchain Architecture™, and announce the new partnership in China with Shanghai Code Center Industry!
In 2017, the global market for blockchain was estimated at $708 million, and it has a great potential for further growth. Splend’s main goal is to solve the blockchain’s infrastructural issues in scalability, security, and latency which are huge barriers for further development and mass adoption.
Currently, the blockchain network technology is at the same nascent stage as the computer was in the late 1980s. However, after solving the limitations, the Blockchain Network will become “The New Network of Trust” capable of processing hundreds of millions of transactions per second for millions of users and devices simultaneously.
Splend is determined to become the blockchain infrastructure pioneer, similar to what Cisco was for the Internet, and the team has already presented its first proprietary technology — Integrated Blockchain Architecture™ (IBA™). It ensures unprecedented transactions speed, low fees, high security, transparency and cross-platform accessibility.
First Application — IBA™ Flash Network
Today, we would like to present you the first implementation of the Splend’s IBA™ to provide unprecedented speed for financial transactions — IBA™ Flash Network. It is layered on top of the Ethereum blockchain and works with all ERC20 tokens. While the Bitcoin blockchain can perform about 3 transactions per second and the Ethereum blockchain about 30 transactions per second, the IBA™ is targeted to achieve 1 million transactions per second.
With an initial focus on Financial Services, Splend has crafted the Universal CryptoWALLET™ (UCW™) application with an associated blockchain service available now. In addition to its unprecedented speed, UCW™ is the most secure crypto wallet available on the market, providing a 12-layer security shield against any malicious attempts. The product enables a total personal finance experience for all users. It allows them to access digital currencies and perform near-instant, inexpensive and secure crypto transactions.
Strategic Alliance in China
Another news we would like to share with you: thanks to the great success of the IBA™, Splend has secured its first partnership in China which opens new exciting opportunities for the company. It has joined a strategic alliance with Shanghai Code Center Industry to develop the next generation network infrastructure utilizing Splend’s IBA™ Flash Network technology for the China Cable Television Network. It is a subsidiary of China Central Television (CCTV), the largest media company in the country broadcasting to over 1 billion viewers.
Shanghai Code Center is also partnering with such big brands like Huawei Technologies, Beijing UnionPay, National Gold Card Engineering & IoT Application Industry Alliance and Anhui Mobile TV Electronic Co. to develop the service platform based on digital TV network infrastructure.
“We welcome Splend joining the alliance and are pleased to integrate its innovative technology into our product portfolio. Through the adoption of Splend’s cutting edge technology we are planning to build the next network infrastructure, which will overthrow the realities of the current network, enable faster transactions and dramatically reduce costs,” said Mr. Quan Laisheng, President of Shanghai Code Center Industry Ltd.
“We are very excited about the partnership. It strengthens our presence in the Asian region and helps us cover new industries. We assure you it is only the first step, and we will have even more collaborations very soon,” adds Splend CEO Rick Bleszynski.
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