Fujitsu Develops Fast Transaction Processing Technology on the Blockchain

Develops technology to accelerate transaction performance by 2.7x, enabling use in systems that require high performance

Fujitsu Laboratories has developed a new technology that is sought to rev up transaction processing for Hyperledger Fabric.

The blockchain is a technology that creates systems with excellent resistance to falsification while preserving high transparency and reliability, all without centralized management. It is expected to have applications in a variety of fields, particularly in finance.
Now, Fujitsu Laboratories streamlines the transaction processing by processing of communications between applications and the blockchain platform evading the bottlenecks.

In a trial where this technology was implemented in Hyperledger Fabric v0.6.1, it claims to increase transaction performance by approximately 2.7 times compared to the previous method.

With this technology, it has become possible to apply blockchain technology to online transaction systems, which require high performance.

Details of this technology were announced at P2P Financial Systems 2017, an international conference about the blockchain held in London July 20-21.

The blockchain creates a shared ledger system that, without a centralized manager, is highly transparent and reliable while being extremely difficult to falsify, by requiring the parties involved to mutually verify the accuracy of the transaction data and preserving it in a chain format.