SUNNYVALE, Calif., Nov. 29, 2016 /PRNewswire/ --Blockchain startup Manifold Technology announced today the wide release of the Manifold Platform at the Blockchain for Wall Street conference in New York City. The company's patented distributed ledger platform is now publicly available to provide a foundation on which anyone - freelance developer to financial institution - can rapidly build enterprise-ready, blockchain-enabled applications. With Manifold's easy-to-use platform, you don't need to be a blockchain expert to build and deploy production-quality applications. The platform has already been used to transform the Royal Bank of Canada's rewards program, as well as to enable member banks of the R3CEV consortium to demonstrate instantaneous trading of fixed income assets.
Bitcoin remains the most notable implementation of blockchain technology. However, Bitcoin's throughput is limited to only seven transactions per second. Manifold's high-performance platform is able to handle over 10,000 transactions per second in operational environments, surpassing even the largest credit card companies which max out between 2,000 and 8,000.
"My cofounder Rob and I got excited about blockchain after playing around with Bitcoin. But, we knew the public blockchain didn't offer the speed or security that financial services firms needed," said CEO Chris Finan. "We are proud to release this platform so that more companies will be able to use blockchain technology at speeds that were unimaginable two years ago."
The new platform infuses modern data storage with blockchain technology. Enterprise teams and developers can leverage the power of a blockchain without being bogged down by the complexities, while preserving the scalability and analytical strengths of a distributed database.
The platform is wholly owned and operated by the entity deploying it, offering the transparency of a blockchain audit record without susceptibility to external manipulation. Creating an asset exchange, payments infrastructure, or any other type of asset management or settlement application is simple with Manifold.
Manifold was founded in 2014 by Chris Finan, a former White House cybersecurity advisor, and Rob Seger, a former government security technology expert. The launch of this platform furthers their goal of bringing greater efficiency and accountability to modern finance.
About Manifold Technology
Manifold Technology is a startup based in Sunnyvale, CA that gives enterprises the benefits of a blockchain without the complexity, risks or costs of other solutions. For more information, visit www.manifoldtechnology.com.
SOURCE Manifold Technology