The telecommunications industry faces a number of technical challenges, including providing scalable and cost-effective overlay networks, efficiently managing infrastructure, and creating new profit centers through managed services. Telco customers face their own challenges, too, such as securing connectivity outside major cities and within economically challenged countries.
Blockchain helps solve these problems.
OpenCryptoTrust (OpenCT), offers a platform for creating blockchain-based solutions for the telco industry. The OpenCT platform—based on a hybrid blockchain—is both global and public, allowing a diverse range of adoption, users, and clients. OpenCT promises to remove significant cost-impacting inefficiencies in the traditional telco model.
A new white paper features detailed technical examples of OpenCT’s two telco solutions: Blockchain as a Transport (BaaT) and Blockchain-Defined Wide Area Networks (BD-WAN).
- BaaT integrates the blockchain protocol with an Overlay Networking Protocol called VXLAN. The blockchain protocol is modified to create a game-changing architecture that can connect geographically dispersed layer-2 islands over any infrastructure, even the public Internet. BaaT securely supports all kinds of traffic, including unicast, multicast, and broadcast, making it an appealing and cost-effective WAN option.
- BD-WAN integrates blockchain with SD-WAN for a secure, scalable virtualization of WAN transport technologies. BD-WAN leverages blockchain to support Inter-Domain MPLS Traffic Engineering with near-zero time delay. BD-WAN can establish and tear down logical and physical circuits at any capacity seamlessly and transparently, so customers pay only for what they consume, based on actual bandwidth usage.
The white paper discusses the market opportunity for blockchain—exemplified by SDN/NFV trends and the “cloudification” of provider networks—and then outlines Seshaat’s Token Crowdsale funding for the platform.
Read the full white paper for details about how BaaT and BD-WAN can solve significant problems, create new opportunities, and enhance existing technologies for SMEs and large enterprises in cities across the country and around the world. OpenCT is providing revolutionary solutions in the telco sector, and it aims to be the first provider in the blockchain ecosystem.