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Australian agency claims blockchain breakthrough

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The network, called Red Belly Blockchain, was developed by the Commonwealth Scientific and Research Organisation (CSIRO) and the University of Sydney, and deployed over the Amazon Web Services (AWS) global cloud infrastructure.

It was tested across 1,000 nodes in 14 countries at a benchmark rate of 30,000 transactions per second and with an average latency of three seconds.

From Australian agency claims blockchain breakthrough.

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