Huawei announced an update for its blockchain platform named BCS 2.0 at an industry meeting. It looks like the future upgrade will be the first main upgrade in the last two years.
According to the firm, the principal aim of the update is to increase commercial uses. The latest and updated service will serve the demand of 50,000 trades in a second.
For example, the BTC blockchain has an average of 5 transactions per second, while ETH has about ten transactions per second. The platform also has a faster processing speed that will extend the range of its network and blockchain.
The firm also stated that the platform had seen constant improvement in partnership with about 100 firms in the country since it was launched commercially last two years.
It was also mentioned that the service had started over 70 programs in seven areas, which includes governance, health, and power.
Source: Cointelegraph
