The largest telecommunications company in South Korea, KT Corporation has launched its own blockchain network, writes CoinDesk.
The company uses KT Network Blockchain to authenticate users and to improve international roaming services. As stated by the representatives of the company, the platform will allow safe transfer to partners KT Corporation customer data.
By the end of the year, the company also intends to use blockchain technology for the exchange of unused energy quota among global corporations.
At the moment, the network throughput achieves 2,500 transactions per second. By the end of the year, the company expects to increase this to 10 000 transactions per second, and in 2019 – up to 100 000.
ForkLog previously reported that Japanese telecommunications giant Nippon Telegraph and Telephone is developing a blockchain system to store contracts and user agreements.