Eugenia can call herself a multy-interested person, as she is always in search of new proffessional fields to encompass. After graduating from Belarussian State University with Bachelor degree in both International Communication and Public Relations, she joined a travel startup Fresh Adventures, where she worked for 3 years creating unique itineraries through exotic countries, travelling around the world and developing the company as a partner. Currently, she works as a business analyst in the field of information technologies. She believes that IT is the future, that is why it is so important to keep up with the latest trends in this rapidly growing industry.
GFT has revealed the results of its independent performance test on the DA distributed ledger platform, indicating new opportunities for applying DLT in the enterprise.
The results of an independent performance analysis on the Digital Asset (DA) distributed ledger platform conducted by GFT, the global provider of business, IT and software services to the financial services community, has been announced today, indicating the platform’s ability to process over 27,000 trades per second over a sustained period of time.
The results shown surpass peak US equity trading volumes according to a January whitepaper by DTCC, the world’s largest securities depository. This means that the DA platform can allow for supporting the throughput of enterprise applications used by financial institutions. In such a way, the adoption of Distributed Ledger Technology (DLT) in the enterprise can now be facilitated.
The analysis was conducted by GFT’s leading DLT specialists in close collaboration with the engineers from DA, who, in order to get more precise results, provided the company with access to the platform’s code base and a production-like environment. This helped GFT’s researchers to simulate a typical trade day for a cash equities market, as well as a real-time market simulation based on historical data.
The results met all the expectations of DA and even more, verifying the platform’s throughput ability to support 27,000 trades per second, or about 81,000 DLT transaction updates per second. According to the CEO of Digital Asset, Blythe Masters:
“GFT’s performance test demonstrates the throughput capacity of the DA Platform can meet the demands of major markets. We are delighted that GFT’s findings have validated that the highest standards of integrity and privacy do not sacrifice performance. We are very optimistic about what this outcome will mean for the industry at large.”
As a conclusion, David Collins, head of GFT’s Atlantic region, noted that, after the official approval of the DA platform’s ability to operate at that speed and consistency, global enterprises can open new opportunities of implementing DLT. In the future, GFT hopes to continue driving innovation, especially when it comes to DLT, throughout the financial services sector:
“GFT’s goal is to continually drive innovation throughout the financial services sector and DLT is a key part of this strategy. We believe the rigor of the test scenario’s construction and in the level of performance achieved demonstrates the DA Platform can handle peak trade volumes seen in US equities markets and scale to satisfy the performance requirements of large-scale financial institutions.”
Digital Asset was found in 2014. The company is positioning its platform as the only one DL marketplace in the world, which is designed in accordance with the production requirements of the world’s largest financial institutions.