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High Throughput Blockchain Protocol

Technology Overview

We take quality blockchain and cybersecurity research from the National University of Singapore to develop solutions to critical business problems. We spun out our public blockchain protocol, which implements sharding and its own programming language, to achieve high throughput and more secure smart contracts. We also used Trusted Execution Environments (TEEs) to reduce the attack surface of applications, and have created a full crypto-custody solution. We also have a private blockchain solution based on the design of our blockchain protocol which we deploy for enterprise clients.

Technology Features & Specifications

Our public blockchain can process 2000 transactions per second, far higher than competing networks that process only 7-8 transactions per second. Using Intel Software Guard Extensions (SGX), we removed the attack surface at the operating system and middleware for a crypto-custody application. We focus on ensuring high throughput on our own blockchains, developed from pioneering research conducted at the National University of Singapore, and using Trusted Execution Environments that allow hardware to protect against software vulnerabilities.

Potential Applications

Our announced applications include supporting one of the world's largest online advertisers in combating advertising fraud, creating smart contracts for new insurance markets, in settlement and securities trading for the Singapore Exchange (SGX), and as a part of the Monetary Authority of Singapore's (MAS) Project Ubin - an initiative to test blockchain use in the financial sector. We also work with one of the largest banks in Indonesia to use blockchain for trade finance and remittance.

Customer Benefits

Partners may make new ideas possible with our technology - a scalable and secure blockchain platform for hosting decentralized applications. Our blockchain platform's high throughput means that partners can focus on developing their ideas without worrying about network congestion, high transaction fees or security, which are the key issues with legacy blockchain platforms. We have both public and private blockchain platforms that may be implemented. Develop secure and decentralized applications Our blockchain platform is enabling new decentralized business models which remove middlemen and inefficiencies. The trustless connections formed on our blockchain are creating new ways of interacting and trading with each other and we’ve only just begun unfolding the possibilities.

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