In his paper ‘The Regulated Internet of Value’, Tony McLaughlin proposes a single network to record tokens and balances, where tokens represent a promise or the liability of a regulated entity. This network, referred to as the Regulated Liability Network (RLN), would be used to issue liabilities of commercial banks, e-money providers, as well as central banks, which would, in essence, be central bank digital currency (CBDC).

In November 2021, a group of financial institutions demonstrated a working prototype based on SETL’s opensource blockchain solution, as part of the Global CBDC Challenge hosted by the Monetary Authority of Singapore. The technical solution proposed by SETL was designed to scale to meet the transaction volume and throughput requirements of a practical RLN. The purpose of this whitepaper is to evaluate the scalability of that architecture.

To make this assessment, SETL collaborated with AWS to design and conduct performance tests on a simulated network aiming to validate that the SETL-based architecture could support ‘1000 banks, each submitting 1000 transactions per second’ to the network – i.e. a throughput of one million transactions per second.

>>>Download the Paper HERE<<<