March 28,Shanghai- The Shanghai Insurance Exchange(hereinafter referred to as the “SHIE”), together with nine insurance institutions, successfully verified the feasibility of insurance credit on the consortium blockchain platform from the four dimensions: function, performance, safety, operation and maintenance.
In this test run, the SHIE and the other nine insurance institutions set up a small consortium blockchain platform with 10 nodes, in which those insurance agencies worked as transaction and verification node and the SHIE as a management node. Three mainstream blockchain solutions were tested as the bottom layer framework. Qualitative and quantitative test were performed on the performance and safety of the platforms. One of the blockchain solutions deployed on the SHIE cloud could handle up to 300 transactions per second (300TPS), which have met the basic requirements for performance in a commercial environment. In terms of security, data could be secured through storage encryption, transmission encryption and license-authorizing blockchain solutions.
http://news.8btc.com/shie-test-pbft-based-blockchain-platform-with-300tps-performance
