AT & T has become the latest tech giant to take the blockchain plunge. The giant telecommunication unveiled a suite of AT & T blockchain services for last week's business annual Summit. AT & T's massive connectivity prowess and industry-tailored IoT products with blockchain technology from IBM and Microsoft.
The goal is to reduce costs, to reduce costs and to simplify business processes by creating a shared ecosystem. AT & T.
Said Andy Daudelin, vice president, Alliances Business Development, AT & T Business:
Blockchain is far more than just Bitcoin or cryptocurrency. It's transforming the way many companies conduct business. Blockchain improves security and enables better management of transactions through complex processes. Utilizing our global network and IoT capabilities, AT & T enhances blockchain by providing edge-to-edge solutions that automate the tracking and the process.
Working with IBM and Microsoft Azure's blockchain technologies, AT & T's consulting team can design, deploy and manage the following blockchain solutions:
IBM Blockchain – AT & T Solutions can record data on the IBM Blockchain Platform, an enterprise-grade blockchain environment supporting numerous live production networks. IBM Blockchain supports a broad range of industry use cases including supply chains, provenance and logistics. AT & T said it was also integrating its AT & T Asset Management Operations Center with IBM Maximo Network on Blockchain and Maximo Asset Insights to create secure and accountable service providers.
Microsoft Azure supports a wide range of enterprise ledger protocols including Ethereum, HyperLedger Fabric, Corda, Quorum and Chain, and offers topologies for dev / test, single member and multimember consortiums. AT & T said the integration of its IoT platforms would bring additional transparency and accountability to complex supply chains.
AT & T is hardly alone among tech giants in testing the blockchain waters. SAP launched its platform earlier this year, as did Oracle, JD.com and Huawei. IBM launched its blockchain platform in 2017, while Microsoft was ahead of the pack, and launching to the public in 2016
Telcos have been paying attention. According to GlobalData, blockchain is a $ 1 billion opportunity for telecommunications companies. BT, Colt, HGC Global, Telephony and Telstra are involved in a trial that uses blockchain for wholesale settlement while it is an investor in filament, a blockchain firm that could help the carrier handle payment for drone delivery and monitoring services.
AT & T is currently targeting supply chain applications in industries including healthcare, retail, manufacturing, and nearly every vertical. Prime examples includes utilities and energy companies along with governments and the military. One key use could track firmware updates pushed to devices on the network which would greatly enhance security.
Blockchain technology builds a digital, distributed record of transactions that create a shared environment for the secure exchange of information. In this iteration, it provides permissioned access to multiple people while assuring auditability of that data. In that sense, this is a potential solution for IoT, which involves billions of connected devices and sensors, most of which are invisible to the naked eye. AT & T enhances blockchain by providing comprehensive managed solutions that can be monitored and monitored.
On the network level, AT & T already connects more than 44 million devices and sensors, about half of them in the automotive / transportation industry. At the platform layer, the company offers data management and device management. To update the firmware, for example, you need the tools to collect data, orchestrate it between different devices and then send it to the cloud to the applications. AT & T does that.
Finally, on the applications layer, AT & T offers a selective basis for the bundle of connectivity, the device and the hardware, the platform and the set of single-use and single-price applications. The new blockchain offering is one more layer of icing.
Image credit – Photo by Hitesh Choudhary on Unsplash