Portfolio News
Dec 21, 2021
By
Startup Daily

Redbelly Blockchain spins out of University of Sydney and CSIRO as a high-speed commercial solution

Redbelly Blockchain, an Australian blockchain developed by the University of Sydney and CSIRO, has spun out as a commercial enterprise, Redbelly Network, in a joint venture with blockchain venture studio Block8.

Redbelly, unveiled in 2018 as the world’s fastest blockchain, says it is now also significantly safer and more corruption-proof than other blockchains in commercial use.

Inventor Vincent Gramoli, Redbelly Network’s CTO, said the past three years had yielded exciting developments for the network, readying it for a wide range of commercial applications.

“Once we had proven our research around speed, we wanted to look at security,” he said.