Qtum, a blockchain application platform, announced this week the launch of its enterprise blockchain solution, Unita. According to Qtum, Unita securely stores data, utilizes existing developer tools and automates information transfer processes for businesses at a groundbreaking speed of 10,000 transactions per second. The platform revealed:
“Qtum’s flexibility allows a wide population of developers to use common tools to solve the biggest problems businesses face when considering adopting blockchain technology, including consumer data regulations and verification. Unita takes advantage of an innovative, unique, and scalable consensus algorithm, SCAR, that allows parameter adjustments to take place on the blockchain. The dynamic nature of SCAR saves substantial amounts of disk space, bandwidth, and other network resources.”
While sharing more details about the solution, Miguel Palencia, Chief Information Officer of the Qtum Foundation, stated:
“Speed and customization are two of the main barriers for enterprises looking to adopt blockchain technology. By bridging a novel, scalable consensus algorithm with smart contract technology and tools familiar to developers, we strive to make blockchain accessible for enterprises to easily and effectively deploy.”
Qtum went on to add that Unita features include one-click deployment, cross-chain trading, data management, and additional modules that will assist enterprise clients in their need to process millions of transactions per day.