CAMBRIDGE, Mass., May 21, 2018 /PRNewswire/ -- Akamai
Technologies, Inc. (NASDAQ: AKAM), the world's largest and most
trusted cloud delivery platform, and MUFG (NYSE: MUFG), one of the
world's leading financial groups, today announced plans to offer a
new blockchain-based online payment network enabling
next-generation payment transaction scale and responsiveness.
This hyper-scale payment network, powered by an innovative and
newly-developed blockchain architecture, is designed to be capable
of processing more than one million transactions per second at
latencies of less than two seconds per transaction. The underlying
blockchain architecture is expected to be extensible to 10 million
transactions per second. Transactions executed across the payment
network will be accelerated and secured by Akamai's market-leading
cloud security offerings. These capabilities will help provide
material cost efficiencies and security enhancements to support
digital payments at unparalleled scale.
"This new blockchain-based online payment system, built upon our
cloud platform, will be designed to address the concerns related to
scalability, latency and security that have to date hindered
broader use of blockchain," said Dr. Tom
Leighton, CEO and co-founder of Akamai. "Akamai and MUFG are
committed to delivering innovative solutions that can better serve
customers and their payment processing needs."
MUFG and Akamai intend to leverage the technology, built and
deployed on the Akamai Intelligent Platform, to offer a new payment
network expected to be available in Japan during the first half of 2020. It will
provide a comprehensive set of services, which are expected to
include support for current payment processing, pay-per-use,
micropayments and other developing IoT-enabled payment
transactions.
"For years, the financial industry has sought to utilize
blockchain to secure and hasten transaction processing and lower
associated costs." said Nobuyuki
Hirano, President and Group CEO of MUFG. "We have high
expectations for our partnership with Akamai to provide customers
the ability to support significantly greater volumes of high-speed
payment transactions without compromising the level of security
required for payment networks."
Akamai drew upon its decades of experience in developing and
deploying distributed systems at global scale, along with
market-leading performance and security services, in building the
blockchain architecture. The new blockchain platform offers
improved scalability, reliability, performance and security that is
unique to Akamai's Intelligent Platform, which is trusted by the
top brands around the world.
About Akamai
As the world's largest and most trusted
cloud delivery platform, Akamai makes it easier for its customers
to provide the best and most secure digital experiences on any
device, anytime, anywhere. Akamai's massively distributed platform
is unparalleled in scale with over 200,000 servers across 130
countries, giving customers superior performance and threat
protection. Akamai's portfolio of web and mobile performance, cloud
security, enterprise access, and video delivery solutions are
supported by exceptional customer service and 24/7 monitoring. To
learn why the top financial institutions, e-commerce leaders, media
& entertainment providers, and government organizations trust
Akamai please visit www.akamai.com,blogs.akamai.com, or @Akamai on
Twitter.
Akamai Statement Under the Private Securities Litigation
Reform Act
This release contains information about future
expectations, plans and prospects of Akamai's management that
constitute forward-looking statements for purposes of the safe
harbor provisions under The Private Securities Litigation Reform
Act of 1995, including with respect to the extensibility of the
solution. Actual results may differ materially from those indicated
by these forward-looking statements as a result of various
important factors including, but not limited to, failure of the
platform to operate as expected or to address intended market
needs, a failure of Akamai's content delivery network
infrastructure, failure to enter into a definitive agreement with
MUFG for marketing and distribution of the network and related
solutions, and other factors that are discussed in Akamai's Annual
Report on Form 10-K, quarterly reports on Form 10-Q, and other
documents periodically filed with the SEC.
Contacts:
Tim Whitman
Media Relations
617-444-3019
twhitman@akamai.com
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SOURCE Akamai Technologies, Inc.