AT&T comes up with suite of blockchain solutions; manufacturing, retail, and healthcare to benefit the most
U.S. telecom giant AT&T has made use of the latest technology offerings from IBM and Microsoft to launch a suite of blockchain solutions designed primarily to help manufacturing, healthcare, and retail sectors. This was made public in a press release on Wednesday.
According to the press release, this new suite of blockchain solutions which will use IBM’s blockchain platform and Microsoft Azure’s technology aims to “bring additional transparency and accountability to even the most complex supply chains” for its enterprise customers. It will also help parties to create a shared ecosystem to share information that is permissioned and secure.
Speaking about the use of blockchain for enterprise solutions, Andy Daudelin, vice president, Alliances Business Development, AT&T Business said:
"Blockchain is far more than just Bitcoin or cryptocurrency. It's transforming the way many companies conduct business."
"This innovative technology 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 that can even monitor the environmental conditions throughout the process," he added.
According to the press release, the 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 environment supporting numerous live production networks. IBM platform supports a broad range of industry use cases including supply chain, provenance, and logistics.
- Microsoft Azure blockchain technology: Microsoft blockchain technology is built on their open, trusted cloud platform Azure. Azure supports a broad set of enterprise ledger protocols including Ethereum, HyperLedger Fabric, Corda, Quorum, and Chain, and offers diverse topologies for dev/test, single member, and multi-member consortiums. Integrations with AT&T's IoT platforms aim to bring additional transparency and accountability to even the most complex supply chains.
The telecom company’s new offering plans to develop the digitalization of enterprise customers’ business processes, noting that industries including manufacturing, retail, and healthcare can benefit the most by using these solutions.
As per BC Focus report, earlier this year in August, Microsoft’s cloud platform Azure had announced the introduction of a new algorithm called Proof-of-Authority (PoA) for its Ethereum (BaaS) or Blockchain-as-a-Service product, eliminating crypto mining. This Ethereum blockchain product finds its application in businesses across various industry sectors. Applications developed on Ethereum platform does not require the security of Proof-of-Work [PoW] consensus algorithm.
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