For the advantages of noninvasive, real-time and quantitative detection, ultrasonic transient elastography has important clinical application value. This work investigates the transient elastography in a few ways and aims to design a transient imaging system. The Displacement tracking algorithm based on correlation techniques and the parabolic interpolation algorithm is proposed to improve the accuracy. A novel match filter is designed to convolute with the estimated displacement in the time direction to boost the SNR of the displacement for a better strain image mapping. The convoluted result shows the match filter can significantly improve the strain image quality and help getting more accurate Youngs modulus estimation. The Time Gain Compensation (TGC) circuit is designed to compensate the attenuated power of the ultrasound signal. And a modified polyacrylamide gel based tissue-mimicking phantom is also developed in this paper, both indentation testing and transient elastography are used to characterize the elastic properties of this phantom. The results are almost consistent with each other.