Fujitsu Accelerates Blockchain Transaction Process

Blockchain, Innovation, Investing, News | August 2, 2017 By:

Fujitsu Laboratories, the research arm of Japanese IT firm Fujitsu, has developed a new technology that accelerates transaction processing for Hyperledger Fabric.

Fujitsu said the technology works faster by making the processing of communications between applications and the blockchain platform more efficient. In a trial where this technology was implemented in Hyperledger Fabric v0.6.1(1), it increased transaction performance by approximately 2.7 times compared to the previous method.

The technology would enable the application of the Hyperledger Fabric framework to online transaction systems that demand high performance in excess of 1,000 transactions per second, such as those demanded by financial institutions.

The firm said it will continue development of technologies to further speed up the blockchain while adapting them to the latest version of Hyperledger Fabric, and will carry out trials with a view to commercial applications of this technology, with plans to commercialize it through Fujitsu Limited during fiscal 2017.