SAN JOSE, Calif.--(BUSINESS WIRE)--Splend, a fast-growing Silicon Valley startup, has emerged from stealth mode to address blockchain infrastructure limitations in scalability, security, and latency. Its Integrated Blockchain Architecture™ (IBA™) proprietary technology ensures unprecedented transactions speed, low fees, high security, transparency and cross-platform accessibility.
Superfast Flash Network and its First Applications
The IBA™ Flash Network is the first implementation of the Splend’s Integrated Blockchain Architecture™ to provide unprecedented speed for financial transactions. The IBA™ is targeted to achieve 1 million transactions per second.
With an initial focus on the Financial Services, Splend has crafted the Universal CryptoWALLET™ (UCW™) application with an associated blockchain service available now. It allows them to access digital currencies and perform near-instant, inexpensive and secure crypto transactions.
Uniquely Positioned to Solve Blockchain Problems
The company’s CEO, Rick Bleszynski was the Chairman and Founder at Bay Microsystems, CTO and founder at Softcom Microsystems (acquired by Intel Corp. in 1999).
“Blockchain has the potential to become the new dominant network. We, at Splend, aim to power the new Blockchain Network Infrastructure by solving the existing limitations and bottlenecks.“
Strategic Alliance in China
The great success of the IBA™ has helped Splend secure the first partnership in China, which opens new exciting opportunities for the company. It has joined a strategic alliance with Shanghai Code Center Industry to develop the next generation network infrastructure utilizing Splend’s IBA™ Flash technology for the China Cable Television Network. It is a subsidiary of China Central Television, one of the largest media companies in the country broadcasting to over 1 billion viewers.
"Through the adoption of Splend's cutting edge technology we are planning to build the next network infrastructure, which will overthrow the realities of the current network, enable faster transactions and dramatically reduce costs," said Mr. Quan Laisheng, President of Shanghai Code Center Industry Ltd.
Shanghai Code Center is also partnering with such big brands like Huawei Technologies, Beijing UnionPay, National Gold Card Engineering & IoT Application Industry Alliance and Anhui Mobile TV Electronic Co. to develop the service platform based on digital TV network infrastructure.
