A research task force from Peking University has developed a new distributed ledger system capable of supporting a high data throughput and system expansion and controlling storage and output.
Industry observers said the system will help solve performance issues involving the application of blockchain in big data storage in relevant industries and fuel China’s new infrastructure construction efforts.
The new technology, the Peking University Shurui Distributed Ledger System, was developed by a system software research task force from Peking University’s institute for software research led by Huang Gang, a professor at the university.
The new system has passed official tests at the TTL lab under the China Academy of Information and Communications Technology.
Initial test results show the system’s storage capacity could exceed 160,000 transactions per second under network speeds of 2.5 megabytes per second and the support of 100 public cloud nodes.
And as the number of nodes rises, there is a linear growth trend in the network’s data throughput, which makes it an ideal technology for industries such as big data, the industrial internet and the Internet of Things — where network demand is explosive, according to Global Times reports.
Peking University was founded in 1898 as a replacement for the ancient Guozijian school (Imperial College). Peking University is a member of the C9 League in China (analogous to the Ivy League in the United States) and often ranked among the top higher education institutions in China. Only those who score highest in nationwide examinations are admitted, with a total enrolment of about 35,000. As well as being renowned academically, it’s well-known for its stunning campus grounds and for the beauty of its traditional Chinese architecture. Peking University has educated some of the most prominent figures in Chinese history.
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