/biz/ - Business & Finance

I'm making this post to give Linkies some information I've garnered by being in contact with the team and in working for one of the most influential blockchain consulting firms in the space.

My company is preparing to put a bid in for a major blockchain project in the European financial space (I'm deliberately being vague, again, for anonymity sake). I want to keep this post accessible to even the least tech-savvy enthusiasts, so I'll try to write in as layman a way as possible (but am happy to answer questions in more detail in responses). Currently, hyperledger has an issue with only being able to handle a few txns per second. Our load testing on enterprise applications, the ones Sergey speaks of when he says something to the effect of "interesting use cases that can be done with smart contracts beyond the scope of tokenization" indicate our fabric networks can handle ~20txns/s (up from about 2 txns/s last year). Obviously this is still a long ways off from having major far-reaching utility in changing how things are currently done. At our current state, we simply cannot create the applications we really want to. What we are doing to compensate is making largely centralized applications with a slight amount of blockchain flavor, but we really cant make the enterpirse use cases that will truly usher in what can be considered "the 4th Industrial Revolution."