In Beijing, a blockchain-cluster for 1000 servers was represented, capable of processing 240 million transactions of smart contracts every second.
The cluster is associated with Chainmaker – a blockchain platform, fully developed in China and used by large Chinese private and state enterprises. ChainMmaker also said that it has developed a 96-core silicon processor designed to accelerate blockchain transactions.
Since the United States constantly introduce bans to high technology to China, such attitudes prove that Beijing can develop and build such technically complex equipment on their own. And confirm China’s desire to widely use blockchain in different fields of the country’s activity.
China plans to make smart contracts an important part of its business environment. According to Chinese media outlets, the blockchain-claster will be used to record and protect transactions in 80 different departments of 16 China districts. Planned areas of application: transport, finance and telecommunications.
Using technology, China wants to achieve more effective coordination of the management system. The Western media have already spoke about the fact that the Chinese Communist Party simply wants to follow all the country’s business processes and quickly control them. Perhaps the way it is.
This installation, purely from a technical point of view, is now one of the most powerful blockchain implementations in the world. The very fact of its existence should already give an impetus to the development of such technologies in other countries.