SAN JOSE, California 10 September 2018 / PRNewswire / –
Splend, a fast-growing Silicon Valley startup, emerged from the stealth mode to address the limitations of blockchain infrastructure in scalability, security and latency. Its proprietary Integrated Blockchain Architecture ™ (IBA ™) technology ensures unprecedented transaction speeds, low costs, high security, transparency and cross-platform accessibility. IBA ™ can process blockchain instant transactions for millions of users and devices simultaneously.
Blockchain infrastructure pioneer
In 2017, the global blockchain market was estimated at $ 708 million . However, today's blockchain network technology is at the same nascent stage of the computer at the end of the 80s. Transactions are slow, unsafe and expensive. The existing infrastructure problems are huge barriers to further blockchain developments and its massive adoption.
Splend aims to become a pioneer of blockchain infrastructure, similar to what Cisco was for the Internet. It brought together an impressive team with hardware and software skills to achieve this goal.
Uniquely positioned to solve problems Blockchain
The CEO of the company, Rick Bleszynski is a serial entrepreneur, a professional in the microprocessor industry and a manager of level C with 30 years of experience in the field of networks. He was Chairman and Founder of Bay Microsystems, CTO and founder of Softcom Microsystems (acquired by Intel Corp. in 1999).
"Blockchain has the potential to become the new dominant network, new Blockchain Network Infrastructure solving existing bottlenecks and bottlenecks. Our team has thirty years experience in solving very similar problems during past rotations of the computing platform, and we intend to make the ubiquitous Blockchain network just like Computers and the Internet, "said Rick Bleszynski CEO of Splend.
Splend's co-founders and senior executives have over 25 years of software development experience in Silicon Valley. The team demonstrated core competencies in decentralized P2P blockchain protocols and algorithms, complex network processing hardware and software coupled with system-on-a-chip expertise.
Splend's global advisory committee is made up of experts from around the world with extensive experience in finance, investor relations, marketing, law and technology. It is designed to provide a strategic guide to Splend and plays a key role in defining the direction and agenda for the company's activities.
Superfast Flash Network and its first applications
The Flash IBA ™ network is the first implementation of Splend's Integrated Blockchain Architecture ™ to offer unprecedented speed for financial transactions. It is layered over the Ethereum blockchain and works with all ERC20 tokens. While Bitcoin's blockchain can run about 3 transactions per second and Ethereum's blockchain about 30 transactions per second, the IBA ™ is aimed at reaching 1 million transactions per second.
With an initial focus on Financial Services, Splend created the Universal CryptoWALLET ™ application (UCW ™) with an associated blockchain service is now available. In addition to its unprecedented speed, UCW ™ is the most secure cryptographic portfolio available on the market, providing a 12-layer security shield against any malicious attempts. The product allows a complete personal financial experience for all users. It allows them to access digital currencies and perform cryptographic transactions almost instantaneous, economic and secure.
Strategic Alliance in China
The great success of the IBA ™ has helped Splend to protect first partnership in China which opens new exciting opportunities for the company. It has joined a strategic alliance with the Shanghai Code Industry to develop next-generation network infrastructure using Splend's IBA ™ technology for the Chinese cable television network. It is a subsidiary of China Central Television, one of the largest media companies in the country that broadcasts more than 1 billion viewers.
"We welcome Splend by joining the alliance and we are pleased to incorporate its innovative technology into our product portfolio.Thanks to the adoption of Splend's cutting edge technology, we are planning to build the The next network infrastructure, which will subvert the reality of the current network, will allow faster transactions and dramatically reduce costs, "said Quan Laisheng, President of Shanghai Code Center Industry Ltd.  Shanghai Code Center is also collaborating with major brands such as Huawei Technologies, Beijing UnionPay, National Gold Card Engineering and the IoT Application Industry Alliance and Anhui Mobile TV Electronic Co. to develop the service platform based on the digital TV network infrastructure. The strategic alliance with the Shanghai Code Center Industry will guarantee Splend a continuous increase in the presence in the Asian region and will cover new industries.
Follow Splend on Telegram, Twitter Facebook and LinkedIn or visit the website to know more information on the platform.