RE:some new people probably have never seen this.guess they took the page down but i will paste it lol.
High-Speed Super Large Ledger Technology A BLOCKCHAIN FRAMEWORK WITH CONCURRENT BYZANTINE FAULT TOLERANCE (CBFT) Developed By Dr. Wei-Tek Tsai Dr. Wei-Tek Tsai Dr. Wei-Tek Tsai is world-renowned blockchain expert, who initiated the first academic laboratory dedicated to blockchain research and education in China at Beihang University's School of Computer Science and Engineering. Dr. Tsai received his S.B. in Computer Science and Engineering from Massachusetts Institute of Technology (MIT) at Cambridge, MA in 1979, M.S. and Ph.D. in Computer Science from University of California at Berkeley in 1982 and 1985. He joined Arizona State University, Tempe, Arizona in 2000 as a full professor of Computer Science and Engineering in the School of Computing, Informatics, and Decision Systems Engineering. He became an Emeritus Professor in December 2014. He has authored more than 500 papers in software engineering, service-oriented computing, cloud computing and blockchains. © ZeU Crypto Networks 2018 The Challenge to Blockchains Public blockchains are great. The most famous ones such as Ethereum have sparked a global movement of furious innovation that is revolutionizing the way our data is stored. The challenge, however, is how do we make blockchain technology work when dealing with super-large amounts of data (like retail transactions), and at commercially viable transaction speeds (like Visa / MasterCard). © ZeU Crypto Networks 2018 The Blockchain Bottleneck The core algorithm for reaching consensus with blockchain protocols permissioned blockchains is Practical Byzantine Fault Tolerance (PBFT). The problem with PBFT is that it performs consensus sequentially, meaning they vote on one block at a time. This is a critical performance bottleneck. © ZeU Crypto Networks 2018 Dr. Tsai Solution Dr. Tsai has solved this problem. His system uses concurrent byzantine fault tolerance (CBFT). CBFT allows multiple blocks to be voted concurrently to speed up the voting process. © ZeU Crypto Networks 2018 Dr. Tsai Solution With CBFT, the traditional three phases of PBFT remain the same, but a new phase is added to the front of the process. While this may seem like adding an extra layer of operation, the front phase is crucial as it performs a pre-processing action to specifically determine the contents of blocks. Once contents of each is known, the block can be voted on by all the nodes. This saves time because voting on pre-processed blocks can then be conducted concurrently. © ZeU Crypto Networks 2018 Independent Testing Dr. Tsai’s super-large ledger system was first deployed for the Guangdong Clearing House (GCH), as an operational test. The test ran for two months. In the first month, the system processed historical data of 3.333B of transactions. To put this into perspective, the data represents: !! 15.5 times all historical trading volume of bitcoin since 2008 !! 14 years of trading volume on the London Stock Exchange (LSE) !! 16 months of NASDAQ trading volume !! 231 hours of trading volume of global Visa transactions © ZeU Crypto Networks 2018 Independent Testing The system reached an average of 60,000 transactions per second per node. © ZeU Crypto Networks 2018 Independent Testing In the second month, the system operated on real-time data. In 20+ days, the system processed approximately 1M transactions in real time. His blockchain was stress-tested in 2017 during a live demo presented to: !! IBM, SAP, AWS, and China’s MIIT (Ministry of Industry and Information Technology) !! Numerous universities and research institutions such as Peking University !! Banks such as PBOC and ICBC !! Government agencies and local governments. The system has also been independently tested by two parties: 1. MIIT. A one-week test to examine the code used in the system. 2. The clearing results were independently tested and evaluated by the hosting institution.
© ZeU Crypto Networks 2018 Revenue Stream – Big Data This solution can be commercially deployed in 2018-19. It will be the biggest and fastest distributed and self-contained hyper data solution. Initial clients expected to be speciality banking, trading platform, credit card companies with revenues expected to reach USD $5 Billion annually. Market size estimated at about USD $45 Billion annually. Potential competitors are lagging behind with initiatives such as BigChainDB that is not self-contained - but running on top of other decentralized protocols and processing platforms like Etherium and decentralized files systems like IPFS.
© ZeU Crypto Networks 2018 Revenue Stream – Big Data 100% of the data exists within the Blockchain, guaranteeing accuracy and allowing-real time monitoring !! Multi-party transactions can be settled in real time on the chain !! Business transaction speed surpasses Visa’s speed !! It uses a 4D distributed architecture !! Uses Byzantine Generals Algorithm for consensus, can easily find in-accurate of fraudulent nodes. !! The platform runs on TD-Base proprietary distributed blockchain database system and is highly scalable. !! It provides on-chain SDK for risk management and reporting system. It can quickly connect to SAS, SPSS, R etc.
© ZeU Crypto Networks 2018 Revenue Stream – Internet of Blockchains (IoB) The IoB will be an “Open Source” initiative with a commercial licence attached. Services companies will be created to serve the commercial licensees outside of the zone of Influence of Beijing Tande IoB will need to reach critical mass in parallel with the ICO to achieve its main goal of normalization. Total revenue from licensing and services should reach USD $2 Billion annually when fully deployed. © ZeU Crypto Networks 2018 Revenue Stream – Sandbox The Sandbox initiative is being deployed right now. It allows developers of Blockchains technology and eventually, developers using the Byzantine platform, to test their blockchain applications in a simulated environment. The main reason behind the Sandbox initiative is to distillate the Byzantine Project normalization policies as a defacto norm. The Sandbox is a normalization tool and a policy influence tool that has the potential to be the ecosystem that is too big to fail in the blockchain business. Revenues will come from consulting and commercial licenses with an open source approach. Multiple SandBox iterations might be simultaneously deployed in different geographical environments. © ZeU Crypto Networks 2018 Connect with ZeU Crypto Networks Frank Dumas - President fdumas@dumasbancorp.com 514.295.9878 Sheldon Inwentash - Senior Advisor