Industry leaders deliver proof of concept for commercial interactions using blockchain technologies

Service providers CBCcom, PCCW Global, Sparkle and Tata Communications, together with technology vendors Clear Blockchain Technologies and Cataworx, have joined forces to create a Proof of Concept (PoC) designed to show how Telcos can introduce next-generation services such as IoT, VR and cloud in record speed, thanks to innovations in blockchain technology, artificial intelligence and intent-based customer interfaces, the company said.

The PoC will be demonstrated between the 29th and 31st of October 2018 at the MEF18 global networking event (MEF18event.com) in Los Angeles, California.

New technologies, such as IoT, VR, autonomous cars and cloud, are driving user demand for higher capacity, agile bandwidth, lower latency and a guaranteed quality of service.

While certain carriers and mobile operators have already developed capabilities for delivering on-demand services on their own network and infrastructure, inter-carrier operations are currently still managed manually as the BSS and OSS systems are not geared to offer automation of inter-carrier operations.

On the operational side, the reasons include lack of a common language, use of disparate information and data models and misalignment of processes. On the commercial side, reasons include limited support of usage-based performance metrics and billing and settlement involving multi-party, multi-dimensional products. The PoC demonstrates a solution to both challenges.

Clear builds blockchain-based settlement and clearing networks for global industries. Using state-of-the-art enterprise-grade blockchain technologies and programmable smart contracts, Clear automates reconciliation and dispute resolution, providing near-real-time settlement and clearing on a global scale. To learn more about Clear, visit www.clearx.io.

Cataworx, Inc. based in Boulder, Colorado is redefining how communications service providers buy and sell wholesale connectivity services. Cataworx was founded on the principles of helping Service Providers automate service lifecycle stages using software automation and AI, and integrations via Application Programming Interfaces (APIs). For more information, visit cataworx.com.