The red belly blockchain: a scalable blockchain for internet of things

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This project aims to offer a blockchain that scales with the number of participants. There have been major investments in blockchain technologies during the last year as blockchains promise to disrupt industries like supply chains. Unfortunately, blockchains cannot solve this problem in their current form, because they cannot scale. They require resources that grow with the number of participants and yet fail at providing increasing performance. The project will leverage many devices of limited resources to offer higher performance and will impact the distributed computing field by establishing a new connection between energy efficient systems and highly scalable distributed algorithms.