Every participant operated its personal model of the ledger, moderately than having the contributors act as nodes in a single distributed ledger, the report stated. However, the contributors had been capable of settle either side of transactions concurrently, discovering an enormous velocity increase in comparison with the present system. Whereas the report detailed a few of the technical features of the check – it used an undisclosed permissioned blockchain community and was written within the Rust programming language – it didn’t present many particulars about how the simulation was performed or how they confirmed transaction settlements.