In this Paragraph, A blockchain system developed by the Australian National Science Agency (CSIRO) and the University of Sydney claims to have established a benchmark of 30,000 transactions per second during the Amazon Cloud test, as per the CSIRO’s press release on Tuesday. CSIRO’s technology arm, Data61, and the Concurrent Systems Research Group at the University of Sydney have developed the “Red Belly Blockchain” as a graduate of CSIRO’s ON Prime pre-accelerator program. Concurrent Systems Research Group and CSIRO today announced the first results of their Amazon Web Services cloud infrastructure experience. In this Paragraph, Red Belly Blockchain has been…