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October 28, 2021
5 min read
Findings indicate Billon Group blockchain architecture provides breakthrough technology to address crucial issues of environmental sustainability, scalability and speed
(London/Warsaw, October 28, 2021) The Unified Enterprise DLT System, a high performance and regulatory compliant blockchain protocol designed by Billon Group, dramatically outperformed Ethereum in both speed and energy efficiency in performance tests conducted last week by an independent third party. The findings come as organizations around the world seek to unlock the security and efficiency benefits of blockchain while managing its often significant energy usage. These outcomes could be significant for both financial transactions and advanced document management, both multi-billion dollar global industries.
The protocol was compared to two different configurations of enterprise BESU/Ethereum: IBFT2 and PoA-Clique on a like-for-like basis, without the use of transaction batching, so that an accurate picture of performance could be understood. Tests were supervised by the blockchain team of one of the top auditing firms, which independently assessed infrastructure, test scripts and source code.
Tests were performed for both financial transactions, where throughput is critical, and for on-chain document storage, where publishing capacity is critical, especially for the non-fungible token or IP rights management markets.
Key findings from the tests are as follows:
Andrzej Horoszczak, Founder & CTO of Billon Group, comments: “These exciting results confirm that the Unified Enterprise DLT System is capable of international adoption at scale, and prove that better consensus mechanisms lead to permissioned architectures which can be both open to communities of developers and deliver the level of energy efficiency required to make blockchain sustainable.”
David Putts, Chief Growth Officer and Digital Pound Foundation member, comments: “Our blue-chip client base is already experiencing the benefits of tokenized national currencies, and with these performance and scalability results, we set the bar for expectations of architectures to support tokenized national currency, especially in support of Central Bank Digital Cash efforts .”
Robert Kaluza, co-Founder, makes a final comment: “Our participation in the European Blockchain Service Infrastructure initiative, or EBSI, demands solutions that meet the needs of 27 member states while being eco-friendly. It is time to stop the argument that we should use architectures built for cryptocurrency, as quite frankly, those architectures are killing our planet .”
Billon also announced they have filed 11 patents to date, and will embark on a program of opening their platform within their next funding cycle in 2022.
Read the full performance report here.
Billon created a DLT protocol and system specifically for tokenizing and transacting national currency and processing sensitive data in compliance with regulations, thus unleashing the transformational capabilities of blockchain technologies in the regulated world. Billon’s underlying protocol was designed for high throughput levels and low cost of maintenance in a range of environments. The system supports clients developing their own enterprise-grade applications in areas of Accounts & Transactions, Trusted Documents, and Identity & Data Sharing.
Billon Group Ltd. was founded in the UK in 2015, following several years of R&D in Poland. Its unique DLT protocol has been supported by many R&D grants, including the EU Horizon 2020 program. Billon is licensed to issue electronic money by regulators in the UK and Poland. Billon’s growing client list includes leading companies such as FIS, Raiffeisen Bank International and BIK (the Polish credit reporting agency). Billon has offices in London and Warsaw.