At a time when current blockchain projects are potentially being rendered inferior in terms of scalability and speed by Hashgraph’s distributed consensus algorithm, a small team of developers from Ternio, a US based project in Atlanta, have swung the scalability pendulum back towards blockchain with a remarkable new platform named Lexicon.

The original goal for the Ternio team was to produce a platform that could be used to bring efficiency and transparency to the digital advertising supply chain. This is an industry that is notoriously inefficient in terms of how advertising dollars are spent and where blockchain innovation has looked to be an obvious solution. The “secret sauce” for Ternio, however, was to differentiate between the necessary transaction speeds required for data within an industry application, such as digital ad impressions, compared to the transaction speeds required for payments. With this mindset, the developers at Ternio created a highly modified version of Hyperledger Fabric that could create verifiable smart contracts for digital ad impressions at a rate in excess of 1 million transactions per second (tps). The new blockchain, and arguably the world’s fastest, has been named Lexicon. Since the code behind the Lexicon blockchain is proprietary and closed source, the team at Ternio felt that it was important to obtain independent 3rd party verification of the achievable transaction speeds. Therefore, the cyber security consulting firm of Null Bash was engaged in April 2018 to perform an audit of the Lexicon framework. Their much anticipated 3rd party verification report was recently issued on May 14, 2018, which confirms that transaction speeds in excess of 1 million tps have been achieved in a fully decentralized environment with Lexicon.

Even though developing a data protocol that can create smart contracts at a rate faster than any other blockchain is a huge achievement, this is only the first step towards a much bigger goal for Ternio. The team wanted to deliver a blockchain solution whereby everyone in the supply chain could utilize blockchain technology to not only create and track data transactions but also have the ability to make and track payments too. Hence, Ternio has added a communication layer on top of Lexicon and the Stellar blockchain, thereby creating a seamless and flexible framework for data and payment transactions. Payment transactions within the Lexicon framework will be able to be made with a new Stellar based token named TERN.

Having created a blockchain solution that will, in all likelihood, transform the digital advertising industry, Ternio’s future looks extremely bright. However, the potential for the Lexicon framework to be licensed for use in any industry that could benefit from increased speed, efficiency and transparancy of transactions makes this project a potential world beater. First mover advantage is incredibly important as blockchain technology looks to disrupt legacy business models, and Ternio’s “production ready” solution may well be the Golden Goose that most blockchain enthusiats have been looking for. Time will tell on how quickly Ternio can acheive mass adoption of their technology, but this is definitely going to be a project worth keeping an eye on over the next few months.

Ternio is set to launch their ICO on June 1st, and although this project has not been overly hyped, demand for the TERN tokens is undoubtedly going to be strong from industry insiders.

To learn more about Ternio and the Lexicon blockchain visit: https://www.ternio.io