China’s pursuit of blockchain technology has just enjoyed a major boost with the launch of a 1,000-server cluster in Beijing. Capable of handling an impressive 240 million smart contract transactions per second, this new machine is a testament to China’s ambition and commitment to blockchain development.
Why is the Machine Noteworthy?
What’s particularly impressive about this rig is that it is powered by homegrown technology. The cluster has been linked to ChainMaker, a Chinese-made blockchain platform which has been widely adopted by a number of local government and commercial entities. ChainMaker is also credited with the development of 96-core silicon which reportedly accelerates blockchain transactions dramatically. The team behind the facility — the Beijing Academy of Blockchain and Edge Computing — has additionally claimed that they have developed petabyte-scale storage systems.
This news is especially significant in the current US-China tech rivalry. export bans on tech imports to China hinder Chinese developers from taking advantage of US-made hardware, yet the launch of the 1,000-server cluster shows that Chinese developers are more than capable of creating complex, sophisticated rigs unassisted.
— TRON DAO (@trondao) February 1, 2023
Upcoming Massive Blockchain Usage
Launched over the weekend, this massive new rig is demonstrating beyond a doubt that China is ready to roll out massive blockchain usage, and is providing insight into just how extensive the nation’s ambitions are.
The cluster is intended to secure and record transactions across 80 departments, 16 districts, and organizations in the fields of transportation, finance, and telecommunications. This massive reach will enable Beijing to provide efficient coordination of the governance system, as well as closely track the performance of organizations. Additionally, it will also be used to research the potential of smart contracts—suggesting that China may well become a major player in the smart contract space. In short, this latest piece of infrastructure really shows us just how much China is ready to embrace this new technology.