Tencent's blockchain platform has achieved breakthroughs in functions, performance and stability evaluation

On October 9, the 2018 Trusted Blockchain Summit co-sponsored by China Academy of Information and Communications Technology and China Communications Standards Association was held in Beijing. The summit invited officials from all over the world, blockchain technology experts, and domestic leaders from the competent authorities, well-known academicians, and industry leaders to share their insights and experience in accelerating the integration of blockchain and the real economy, and announced the first batch of 2018 for the first time Trusted blockchain standard evaluation results.

Tencent's blockchain platform has achieved breakthroughs in functions, performance and stability evaluation

â–²Display of the evaluation results of trusted blockchain functions

Among the products evaluated by the 2018 Trusted Blockchain Standards, Tencent Blockchain was ranked first, and the platform capabilities including function, performance and stability evaluation have achieved breakthroughs. It is worth noting that all tests are carried out in the computer room of the Institute of Information and Communication Technology, and unified testing tools are used. Guo Rui, vice president of Tencent Financial Technology, mentioned in a live speech that in a real environment, the peak data may be higher.

Tencent's blockchain platform has achieved breakthroughs in functions, performance and stability evaluation

â–²The three evaluation peaks are all contributed by Tencent blockchain

The evaluation results announced by the Institute of Information and Communications Technology at the meeting showed that for the performance of a single chain, the highest peak TPS of the evaluation product reached 50487 (4 nodes), 50030 (8 nodes) and 48774 (16 nodes). The average peaks are 11051 (4 nodes), 10343 (8 nodes) and 9745 (16 nodes). ——The above peaks are all contributed by Tencent blockchain. In addition, in terms of functions, Tencent Trusted Blockchain has achieved a 100% pass rate; in terms of stability, Tencent Blockchain has passed the 24-hour continuous and stable operation test under the state of 12,000 transactions/sec.

Tencent's blockchain platform has achieved breakthroughs in functions, performance and stability evaluation

â–²Statistics of evaluation results, Tencent blockchain ranks first

In addition to the affirmation of the underlying technical capabilities, the blockchain electronic invoice "Tax Chain" project led by the Shenzhen Taxation Bureau of the State Administration of Taxation and supported by Tencent's self-developed blockchain technology was also selected as one of the top ten trusted blockchain summits in 2018 Applications.

As an emerging technology, blockchain still faces problems such as lack of standards and immature underlying technology. On April 9, 2018, the China Academy of Information and Communications Technology took the lead in uniting 158 companies and officially launched the Trusted Blockchain Promotion Plan to accelerate the construction of a trusted blockchain standard system.

At present, under the joint promotion of all parties in the industry chain, the Trusted Blockchain Promotion Plan has completed the formulation of my country's first trusted blockchain standard, and is actively completing the standard test of the trusted blockchain.

Guo Rui, vice president of Tencent Financial Technology, said at the summit that the blockchain is in urgent need of long-term construction of technical standards and industry standards. He further analyzed that technology requires standards, such as which technologies are included in the blockchain, which must be selected and which are optional, what are the definitions of technical indicators, and what indicators each technology achieves is qualified. Manufacturers cannot say their own words. On the other hand, scenario applications require standards. For example, different industries and application scenarios need to have definitions and standards, and the value of blockchain in scenario applications requires consensus. In Guo Rui's view, the trusted blockchain standard work of the Institute of Information and Communications Technology plays a key role in leading the development of the industry.

Excellent performance is a prerequisite for supporting the large-scale application of Tencent's blockchain. This year, Tencent's blockchain has accelerated the implementation of application scenarios, and multiple scenarios such as blockchain electronic invoices, games, supply chain finance, and smart medical care have been implemented successively.

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