Leading cloud delivery platform Akamai Technologies have joined hands with top financial group MUFG to launch a new blockchain-based online payment network.
This platform is set to enable next-generation payment transaction scale and responsiveness. Blockchain architecture is expected to touch 10 million transactions per second.
This payment network, powered by blockchain architecture, is developed to process more than one million transactions per second.
Akamai’s market-leading cloud security offerings will accelerate the transactions executed across the payment network.
“This new blockchain-based online payment system, built upon our cloud platform, will be designed to address the concerns related to scalability, latency and security that have to date hindered the broader use of blockchain,” said Dr. Tom Leighton, CEO and co-founder of Akamai.
“Akamai and MUFG are committed to delivering innovative solutions that can better serve customers and their payment processing needs,” he added.
Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/
