Redbelly was born at the University of Sydney when Prof. Vincent Gramoli set out to see if he could build a fork-proof blockchain. He could, and through a rigorous scientific development process, in partnership with CSIRO, The Redbelly Network was brought to market in 2021 with our first use-case going live in 2022.
Redbelly is the bridge between our economy as it is today, and the web3 economy of the future. Redbelly is the only accountable blockchain. It is open, fast, scalable, cost effective and natively compatible with assets in regulated markets. We bring the enforceability of regulation from the real world to meet the efficiency and innovation of the digital world, seamlessly. No other blockchain can do what we can do.
“We built Redbelly to contribute to a world where everyone, everywhere has equal access to the economic infrastructure they need.”
- Vincent Gramoli, Founder & CTO
The Redbelly Journey
First experiments and presentations at Facebook Menlo Park, Massachusetts Institute of Technology and Visa Research Palo Alto
First testnet launch and wallet application released open source
International Patent Filed: PCT/AU2018/050642
AWS-CSIRO Public Release
Publication of the DBFT consensus protocol
Australian Research Council funds the Redbelly Blockchain research through the ARC Future Fellowship
Discovery of the Accountable Consensus Protocol
The Australian Government includes Redbelly Blockchain in its National Blockchain Roadmap
Formal verification of the consensus protocol
Publication of Redbelly Blockchain in the flagship security conference
Block8, CSIRO and University of Sydney create Redbelly Network as a joint venture with seed funding
Full support of Solidity Smart contracts in Redbelly blockchain allowing to run DeFi applications
Redbelly blockchain is deployed on a low-energy Internet of Things (IoT) testnet
Redbelly blockchain achieves 100,000 TPS in a national CBDC experiment
The Redbelly Network Governance DAO is a decentralised autonomous organisation focused on protocol governance, token dynamics, ecosystem support and administration. Redbelly Network Pty Ltd is a private company registered in Australia whose sole purpose is to focus on layer-1 development of the Redbelly Protocol and enable the widespread adoption of Redbelly blockchain technology in the real world. The two entities will operate independently.