Last night a group representing 40 banks, accounting firms and members of the media gathered for the public launch of Domus Tower, a whispered-about startup rumored to be developing a blockchain capable of facilitating more than 1 million transactions per second.
At the event on the seventh floor of Museum Tower in Midtown Manhattan, the company’s chief technical officer demonstrated an early version of the blockchain, though one admittedly not running at anywhere near its theoretic top speed.
But beyond the geeky tech demos, the startup with an unusual history and new approach announced it was in the early phases of launching a new trust-based blockchain consortium. The group would be dedicated to settling equities in the US and eventually comprised of five companies each representing a different sector.
Source: CoinDesk