Startup Promising Instant Crypto Transactions to Develop Network for Chinese TV

Silicon Valley-based startup Splend, specialized in developing solutions to address blockchain scaling issues for instant crypto transactions, announced that it is partnering with Shanghai Code Center Industry, a China-based IT company, to develop the "Next generation" network infrastructure for the China Cable Television Network.

"Through the adoption of Splend's cutting edge technology, we are planning to build the next network infrastructure, which will overthrow the realities of the current network, enable faster transactions and dramatically reduce costs," the company's press release quotes Mr. Quan Laisheng, the president of Shanghai Code Center Industry Ltd. Shanghai Code Center is also partnering with such brands as Huawei Technologies, Beijing UnionPay, National Gold Card Engineering and other big tech companies in the country.

"It opens new, exciting opportunities for the company, as the strategic alliance with Shanghai Code Center Industry will ensure Splend continued increase in presence in the Asian region and cover new industries," the press release says.

Founded in 2016, Splend provides a systems approach for faster and more secure transactions with its own blockchain technology called Integrated Blockchain Architecture.

The company says it solves the existing limitations of transaction speed and latency.

According to the company's Medium blog, IBA will be capable of scaling to billions of users worldwide while "Guaranteeing almost instantaneous transaction speed to achieve the optimal user experience." So far, they claim to have already exceeded current industry tps implementations that are offered by other major vendors.

The Splend team has already completed developing IBA Technology 1.0, and has launched its first Universal CryptoWALLET. The company calls it "The most secure crypto wallet available on the market, providing a 12-layer security shield against any malicious attempts." Splend's network is built on its phishing-proof blockchain, which makes the client's finance experience relatively safer than other market solutions.

Splend's users may send cryptocurrency quickly and easily through both Splend's CryptoWALLET and the IBA Telegram bot.

Splend has multi-language support and is fully compatible with iOS, Android, web browsers, and Telegram.

While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.