2019 International Blockchain Conference Photo: Courtesy of Chinese Institute of Electronics

A research task force from Peking University has developed a new distributed ledger system capable of supporting a high data throughput and system expansion and controlling storage and output.

Industry observers said the system will help solve performance issues involving the application of blockchain in big data storage in relevant industries and fuel China's new infrastructure construction efforts.

The new technology, the Peking University Shurui Distributed Ledger System, was developed by a system software research task force from Peking University's institute for software research led by Huang Gang, a professor at the university. 

The new system has passed official tests at the TTL lab under the China Academy of Information and Communications Technology.

Initial test results show the system's storage capacity could exceed 160,000 transactions per second under network speeds of 2.5 megabytes per second and the support of 100 public cloud nodes. 

And as the number of nodes rises, there is a linear growth trend in the network's data throughput, which makes it ideal technology for industries such as big data, the industrial internet and the Internet of Things — where network demand is explosive, according to media reports.