Sliding mode control is suitable for highorder nonlinear system, however, it is still a challenge to present the rapid and effective verification in application of such advanced control algorithms. For this reason, a fastverification hardwareintheloop simulation scheme is proposed in this paper for highpower highperformance speed control system. Firstly, sliding mode control algorithm is deduced for highperformance induction motor speed control. Based on the analysis of hardwareinloop simulation mechanism, a realtime simulation model for induction motor is designed and built. The hardwareinloop simulation is implemented using PI control and sliding mode control algorithm respectively, the superiority of sliding mode control strategy and the effectiveness of the realtime platform are verified.