Showing posts with label Blockchain. Show all posts
Showing posts with label Blockchain. Show all posts

Thursday, December 6, 2018

MEF18 PoC - Blockchain-Based Carrier Marketplace for LSO Sonata



MEF18 Proof of Concept, 29 - 31 Oct - Blockchain-Based Carrier Marketplace for LSO Sonata. PoC Participants:  Colt Technology Services & Zeetta Networks. 

Speaker: Joan A. Garcia Espín, Director of Product Management, Zeetta Networks.

Today, carriers have to build formal agreements with every off-net provider with which they want to do business. This limits the commercial engagement to providers with whom we place a larger number of off-net orders.  Engaging with more off-net providers with whom we only will place a handful of orders is expensive, and the cost (especially in terms of manpower) of doing so more than outweighs the potential benefit.  As a result we pay more for off-net circuits than we could because we use larger providers as intermediaries to do business with smaller providers.  These “aggregators” add their own margin in these transactions, which effectively acts as a “tax” that carriers pay for working in this model.

Blockchain could be used to establish a circle-of-trust that service providers, large and small, can join that gives each access to a larger market of suppliers with whom to do business with directly, whilst in tandem bringing about a massive reduction of the overhead of bilateral agreements.

We would achieve this by providing capability -- building on LSO API work happening in MEF to which Colt is contributing -- to be able to find a provider that can meet a specific off-net requirement, evaluate their track-record in the market in delivery and assurance (reputation), get quotes, and place orders on a fully automated basis.  This would allow providers like Colt to ensure they are getting a good balance of price and quality of service when buying off-net services as well as using the reputation we build through the quality of IQNet and our service-centric approach in the market to increase the number of sales when selling.

Each transaction -- and specifically SLA compliance in producing quotes, delivering orders, and in-life performance -- will be stored on the blockchain so that operators can evaluate the performance, in a secure environment, of a potential partner in their own selection process.  An opaque copy of the financial contract established between the providers will also be stored on the blockchain to later support settlement.

Save the date for MEF19, 18-22 November 2019, JW Marriott, LA LIVE, Los Angeles.

https://youtu.be/Wg_Ej68VhJo

Sunday, July 15, 2018

Oasis Labs plans cloud platform based on blockchain

Oasis Labs, a start-up based in Berkeley, California, is reported to have raised $45 million in a private token sale for its "privacy-first public cloud platform based on blockchain. The idea is to ensure that privacy is built into each layer of the stack, from the application all the way down to hardware.  The system promises codified and self-enforceable privacy protection without relying on any central party.

Oasis Labs is headed by Dr. Dawn Song (CEO) who is Professor of Computer Science at University of California, Berkeley, and a MacArthur Fellow.

https://www.oasislabs.com


Sunday, July 8, 2018

Carrier Blockchain Study Group gains members

The Carrier Blockchain Study Group (CBSG), which was formed in September 2017, added several new members including Axiata, Philippine-based PLDT, Indonesia-based PT.Telekomunikasi Indonesia International, Turkcell, Vietnam-based Viettel, and Kuwait-headquartered Zain Group.

The Consortium is also announcing the creation of an additional blockchain working group that will focus on global remittance services. Blockchain technology is well suited for these types of transactions; streamlining processes to better serve consumers. The blockchain platform and solutions proposed by the CBSG Consortium are specifically designed for telecom carriers and will help them create and extend their services beyond traditional markets and borders.

Thursday, September 7, 2017

Blockchain Consortium for Telecom Carriers gets underway

A new blockchain consortium, called the Carrier Blockchain Study Group (CBSG), is getting underway with the goal of connecting carriers’ telecommunication backend systems. The aim is to define the requirements of the cross-carrier blockchain platform, and eliminate late transactions or transaction failures between telecom carriers.

The consortium was formed by SoftBank, Sprint, Taiwan-based Far EasTone Telecommunications Co., Ltd. and U.S.-based TBCASoft. The organizers say more telecom carriers will be invited to participate in the CBSG on a global scale. SoftBank, Sprint and TBCASoft also succeeded in demonstrating a cross-carrier payment platform system that uses TBCASoft’s innovative blockchain technology.

In February 2017, SoftBank, Sprint and TBCASoft agreed to aim to cooperate in jointly developing blockchain technology for telecom carriers, and commenced a technical trial that connects TBCASoft’s blockchain platform to telecom carriers’ systems. With Far EasTone newly joining this association, it since developed into a consortium that aims to build a next-generation global cross-carrier blockchain platform and ecosystem. CBSG will promote research and development for the platform with the aim of providing users various services such as secured clearing and settlement, personal authentication, IoT applications, and other services in the future.

“TBCASoft is developing a cross-carrier distributed ledger network consisting of telecom carrier hosted servers running the TBCASoft blockchain platform. We aim to work with global telecom carriers to build a very secure and high-performance blockchain system where disruptive services can be ubiquitously provided to billions of telecom carrier subscribers worldwide.” said Ling Wu, Founder & CEO of TBCASoft, Inc.

“TBCASoft has a sophisticated layered system architecture, SoftBank can successfully integrate our Business Support System and Mobile App servers with TBCASoft blockchain platform in a short period of time at a reasonable cost. SoftBank is satisfied with confirming the implementation and system performance of the TBCASoft’s blockchain platform on which value transfer service led by telecom carriers will be operated.” said Mr. Takeshi Fukuizumi, Vice President of SoftBank Corp.

http://www.tbcasoft.com

Sunday, August 13, 2017

Microsoft announces enterprise blockchain framework

Microsoft introduced its "Coco" Framework for advancing enterprise adoption of blockchain technology.

Microsoft said its Coco Framework reduces the protocol complexity of blockchain while meeting the high-transaction speed, distributed governance and confidentiality requirements of enterprise networks. The Coco Framework by design will be compatible with any ledger protocol and can operate in the cloud and on premises, on any operating system and hypervisor that supports a compatible TEE. Initial Coco Framework implementations will include R3 Corda, Intel Hyperledger Sawtooth, J.P. Morgan Quorum, and Ethereum.

When integrated with a blockchain network, key benefits of the Coco Framework include these:

  • Transaction speeds of more than 1,600 transactions per second
  • Easily managed data confidentiality without sacrificing performance
  • A comprehensive, industry-first distributed governance model for blockchain networks that establishes a network constitution and allows members to vote on all terms and conditions governing the consortium and the blockchain software system

“Blockchain is a transformational technology with the ability to significantly reduce the friction of doing business,” said Mark Russinovich, chief technology officer of Azure at Microsoft. “Microsoft is committed to bringing blockchain to the enterprise. We have listened to the needs of our customers and the blockchain community and are bringing foundational functionality with the Coco Framework. Through an innovative combination of advanced algorithms and trusted execution environments (TEEs), like Intel’s Software Guard Extensions (SGX) or Windows Virtual Secure Mode (VSM), we believe this takes the next step toward making blockchain ready for business.”

https://azure.microsoft.com/en-us/blog/announcing-microsoft-s-coco-framework-for-enterprise-blockchain-networks/



Sunday, March 19, 2017

IBM Launches Enterprise-Ready Blockchain Services for Hyperledger Fabric

IBM InterConnect is launching the first enterprise-ready blockchain service based on the Linux Foundation's Hyperledger Fabric version 1.0.

The service enables production blockchain networks on the IBM Cloud, and is underpinned by the IBM LinuxONE server.

"IBM has applied decades of experience running the world's largest transaction systems for banks, airlines, governments and retailers, to build the most secure blockchain services for the enterprise," said Marie Wieck, general manager, IBM Blockchain. "IBM's blockchain services are built on IBM's High Security Business Network and designed for organizations that require blockchain networks that are trusted, open and ready for business."

IBM said blockchain networks are only as safe as the infrastructures on which they reside. Security features it provides includes:


  • Protection from insider attacks - helps safeguard entry points on the network and fight insider threats from anyone with system administrator credentials
  • The industry's highest certified level of isolation for a commercial system - Evaluation Assurance Level certification of EAL5+ is critical in highly regulated industries such as government, financial services and healthcare, to prevent the leakage of information from one party's environment to another
  • Secure Service Containers – to help protect code throughout the blockchain application – effectively encapsulating the blockchain into a virtual appliance, denying access even to privileged users
  • Tamper-responsive hardware security modules - to protect encrypted data for storage of cryptographic keys. These modules are certified to FIPS 140-2 Level 4, the highest level of security certification available for cryptographic modules
  • A highly auditable operating environment – comprehensive log data supports forensics, audit and compliance


IBM also announced today the first commercially available blockchain governance tools, and new open-source developer tools that automate the steps it takes to build with the Hyperledger Fabric from weeks to days.

http://www.ibm.com

Sunday, March 5, 2017

IBM and Maersk Develop Blockchain for Shipping Industry

IBM is working with Maersk to use blockchain technology to help manage and track the paper trail of tens of millions of shipping containers across the world by digitizing the supply chain process from end-to-end to enhance transparency and the highly secure sharing of information among trading partners.

The blockchain solution based on the Hyperledger Fabric and built by IBM and Maersk, the global leader in transport and logistics, will be made available to the shipping and logistics industry. Blockchain is an immutable, security rich and transparent shared network resource that provides each participant end-to-end visibility based on their level of permission. IBM hosts the solution on the IBM Cloud and the IBM high-security business network, delivered via IBM Bluemix.

Some highlights:

  • Each participant in a supply chain ecosystem can view the progress of goods through the supply chain, understanding where a container is in transit. They can also see the status of customs documents, or view bills of lading and other data.
  • Detailed visibility of the container's progress through the supply chain is enhanced with the real time exchange of original supply chain events and documents.
  • No one party can modify, delete or even append any record without the consensus from others on the network.
  • This level of transparency helps reduce fraud and errors, reduce the time products spend in the transit and shipping process, improve inventory management and ultimately reduce waste and cost.
  • The solution enables the real time exchange of original supply chain events and documents through a digital infrastructure, or data pipeline, that connects the participants in a supply chain ecosystem. This promotes sustainable transport by integrating shipping processes and partners, and establishing evaluation frameworks through increased transparency and trusted access. 

"As a global integrator of container logistics with the ambition to digitize global trade, we are excited about this cooperation and its potential to bring substantial efficiency and productivity gains to global supply chains, while decreasing fraud and increasing security," said Ibrahim Gokcen, chief digital officer, Maersk. "The projects we are doing with IBM aim at exploring a disruptive technology such as blockchain to solve real customer problems and create new innovative business models for the entire industry. We expect the solutions we are working on will not only reduce the cost of goods for consumers, but also make global trade more accessible to a much larger number of players from both emerging and developed countries."

"We believe that this new supply chain solution will be a transformative technology with the potential to completely disrupt and change the way global trade is done," said Bridget van Kralingen, senior vice president, Industry Platforms, IBM. "Working closely with Maersk for years, we've long understood the challenges facing the supply chain and logistics industry and quickly recognized the opportunity for blockchain to potentially provide massive savings when used broadly across the ocean shipping industry ecosystem. Bringing together our collective expertise, we created a new model the industry will be able to use to help improve the transparency and efficiency of delivering goods around the globe."

http://www.ibm.com

Friday, December 18, 2015

Linux Foundation Backs Blockchain for Transaction Verification

The Linux Foundation announced a new collaborative effort to advance blockchain technology.

Blockchain is a digital technology for recording and verifying transactions. The distributed ledger is a permanent, secure tool that makes it easier to create cost-efficient business networks without requiring a centralized point of control. With distributed ledgers, virtually anything of value can be tracked and traded. The application of this emerging technology is showing great promise in the enterprise. For example, it allows securities to be settled in minutes instead of days. It can be used to help companies manage the flow of goods and related payments or enable manufacturers to share production logs with OEMs and regulators to reduce product recalls.

The project will develop an enterprise grade, open source distributed ledger framework and free developers to focus on building robust, industry-specific applications, platforms and hardware systems to support business transactions.

Early commitments to this work come from Accenture, ANZ Bank, Cisco, CLS, Credits, Deutsche Börse, Digital Asset Holdings, DTCC, Fujitsu Limited, IC3, IBM, Intel, J.P. Morgan, London Stock Exchange Group, Mitsubishi UFJ Financial Group (MUFG), R3, State Street, SWIFT, VMware and Wells Fargo.

“Distributed ledgers are poised to transform a wide range of industries from banking and shipping to the Internet of Things, among others,” said Jim Zemlin, executive director at The Linux Foundation. “As with any early-stage, highly-complex technology that demonstrates the ability to change the way we live our lives and conduct business, blockchain demands a cross-industry, open source collaboration to advance the technology for all.”

https://blockchain.linuxfoundation.org/

See also