SK C&C Blockchain Platform Proves Technical Excellence in TTA Testing

[Asia Economy Reporter Kang Nahum] SK Inc. C&C announced on the 17th that its blockchain platform ‘ChainZ’ has proven its ‘high-performance enterprise blockchain technology’ in the test conducted by the Telecommunications Technology Association (TTA) of Korea.

SK C&C’s ChainZ mainnet recorded high-performance results of 4480 TPS (transactions per second) for coin transactions and over 1850 TPS for smart contract token transactions in the Verification & Validation (V&V) test conducted last month by the TTA Software Testing and Certification Institute.

The performance of over 1850 TPS for smart contract transactions meets the high-performance requirements applicable to public and financial sectors. Although TPS usually decreases or multiple errors occur during long-term operation, ChainZ maintained over 1500 TPS and a zero error rate even after more than 24 hours of operation, demonstrating very high stability. The 4480 TPS coin transaction volume is immediately applicable to industries with heavy coin usage such as gaming and distribution.

The ChainZ mainnet, based on Enterprise Ethereum, supports fast and secure transaction verification through automated installation and rapid service configuration. It complies with the Enterprise Ethereum Alliance (EEA) standards, enabling interoperability and integration with blockchain-related solutions owned by enterprises as well as various internal and external systems.

Another strength is that the network can be configured with simple settings, allowing rapid network deployment as services expand. It performs fast and secure transaction verification through data privacy accessible only to specific groups, the Proof of Authority (PoA) consensus algorithm with the Istanbul Byzantine Fault Tolerance mechanism.

ChainZ also provides critical infrastructure for applications such as Central Bank Digital Currency (CBDC) and Non-Fungible Tokens (NFTs). It supports the creation of blockchain developer ecosystems across various industries including finance, distribution, gaming, logistics, public sector, and healthcare, and is promoting the development of diverse blockchain services with specialized small and medium enterprises in each industry.

Choi Cheol, Head of the Blockchain Platform Group at SK C&C, said, "Not only enterprises and financial companies but also public institutions can easily apply blockchain to existing systems anytime by using ChainZ," adding, "It will be the optimal choice for digital asset transactions such as NFTs where stability, speed, and compatibility are crucial."

This content was produced with the assistance of AI translation services.