Zilliqa, a blockchain platform based on the technology of sharding, has announced a partnership with GB Blockchain Labs (GBBL), the blockchain arm of Global Brain, one of the largest VC firms in Japan. Zilliqa will also be part of the Global Brain Alliance Forum 2017, to be held in Tokyo on the 8th of December.
Xinshu Dong, CEO of Zilliqa, remarked: “We are excited that such a prestigious organization like GB Blockchain Labs has decided to officially partner with Zilliqa. Together, with our amazing team, advisors, and other amazing partners, we are confident that the technology we will be bringing to world of blockchain in the coming months will be really successful.”
GB Blockchain Labs, which was recently announced to nurture community driven blockchain ecosystems, is the blockchain arm of Global Brain. The partnership with Zilliqa represents the company’s commitment to fostering promising blockchain companies.
GB Blockchain Labs’ Takashi Sano commented: “Zilliqa is a very promising technology that could have huge impact on the world of blockchain in the coming years. We look forward to providing guidance to their tremendous team moving forward.”
Zilliqa’s core technology stems from research done at the National University of Singapore which aims to solve the issue of scalability of blockchains, one of the most pressing problems currently facing the technology. The new platform that has been developed is based upon the technology of sharding that was originally proposed by the research team in an academic paper in 2015.
The company has already built a working platform and has recently announced that its internal testnet has reached a peak throughput of 2,488 transactions per second. It is expected that , if Zilliqa were fully operational on the same number of computer nodes as Ethereum, its transaction rate would be over 15,000 TX/s, nearly double the average of VISA, the largest electronic payment network in the world.