Blockchain Network Launched By South Korean Telecom Firm KT

Announcements, Blockchain, News | July 24, 2018 By:

KT Corporation, South Korea’s largest telephone company, has launched a new blockchain-based commercial network that claims to guarantee both processing speed and trust.

Called KT Network Blockchain, the company claims the network currently handles 2,500 transactions per second (TPS) with an aim of 10,000 TPS by the end of the year and 100,000 TPS by the end of 2019.