《Application of Blockchain to Trade Clearing》
Author:Wei-Tek Tsai1, Enyan Deng , Xiaoqiang Ding , Jie Li
Affiliations:Beijing Tiande Technologies, Beijing, China
Digital Society & Blockchain Laboratory, Beihang University, Beijing, China
Andrew International Sandbox Institute, Qingdao, China
IOB Laboratory, National Big Data Comprehensive Experimental Area, Guizhou, China
Arizona State University, Tempe, Arizona, USA
Letv Holding, Beijing, Beijing, China
Guangzhou Clearing Corporation, Guangzhou, China
Abstract:This paper presents a new trade-clearing framework with a Super-Large Ledger (SLL) that can be shared with exchanges, banks, and regulators. Furthermore, this SLL runs on top of a
permissioned BC with significant redundancy, and can be efficiently processed at high speed with
scalability. In other words, when the workload increases, the SLL will be split and allocated to
different processors to speed up the operation. The framework has been implemented and evaluated at a clearinghouse and processed 3.3B historical and real-time transactions.
Keywords:clearing, settlement, blockchains