Akamai CDN Services: Blockchain Based Payment

Akamai CDN Services: Blockchain Based PaymentAkamai CDN services are amongst the best in the world, and new services are often made available by the company in a bid to attract new customers and cement their position as one of the leading content delivery network providers in the world. With a comprehensive global network and reputation for performance and quality, they are trusted by large companies around the world.

Now, a new platform is being added to the list of Akamai CDN services – a blockchain payment network. Being developed in partnership with MUFG, one of the world’s leading financial groups, this network will be capable of processing more than one million transactions per second at latencies of less than two seconds per transaction. The blockchain architecture that the network will be based on is expected to be capable of up to 10 million transactions per second. The whole network will be accelerated and secured by Akamai’s leading content delivery network.

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“This new blockchain-based online payment system, built upon our cloud platform, will be designed to address the concerns related to scalability, latency and security that have to date hindered broader use of blockchain,” said Dr. Tom Leighton, CEO and co-founder of Akamai. “Akamai and MUFG are committed to delivering innovative solutions that can better serve customers and their payment processing needs.”

MUFG and Akamai will utilise this innovative technology, that has been built and deployed on the Akamai Intelligent Platform, to offer a new payment network that is expected to be available in Japan during the first half of 2020. As well as providing support for for current payment processing, a whole host of new services are also expected to be available, including pay-per-use, micropayments and other developing IoT-enabled payment transactions.

“For years, the financial industry has sought to utilize blockchain to secure and hasten transaction processing and lower associated costs.” said Nobuyuki Hirano, President and Group CEO of MUFG. “We have high expectations for our partnership with Akamai to provide customers the ability to support significantly greater volumes of high-speed payment transactions without compromising the level of security required for payment networks.”