American Telecommunication giant, AT&T enters blockchain industry; offers blockchain solutions

Recently, the world’s largest Telecommunications company, American Telephone & Telegraph Company [AT&T] announced that it has created a suite of blockchain solutions that can be applied across the different industry verticals. The suite is specifically architectured to work in hand with technology solutions from IBM and Microsoft.

AT&T’s announcement further stated:

“Enterprise customers can use these solutions as they automate and digitalize their business processes using blockchain technologies. Customers will have better resources to track and manage information across multiple parties.”

The company also stated that its solutions can be used across many verticals, including manufacturing, retail, and healthcare industries. The primary aim behind these solutions is to help customers resolve complex business issues, it stated. It arrived at these solutions after accessing the need for simplified business solutions with reduced risk and cost.

Additionally, the technology creates a highly secured, and shared ecosystem for parties to exchange information. AT&T stated that it will be integrating its edge-edge capabilities with the blockchain technology. AT&T’s Internet of Things [IoT] solutions will provide additional advantages like automation and critical monitoring capabilities.

Its consulting team can design, deploy and manage the IBM and the Microsoft Azure Blockchain, the multinational conglomerate stated. The solutions can be used to record data on the IBM blockchain. The company will also be integrating AT&T Asset Management Operations Center with IBM Maximo Network on the blockchain and Maximo Asset Health Insights. The integration will create a secure and accountable service provider network for infrastructure asset management.

Furthermore, the company stated that it will integrate its IoT platform with that of Microsoft’s blockchain technology with an aim to bring more transparency and accountability in the complex supply chain industry.

The announcement also stated that AT7T’s solutions have been deployed in the market from 26th September 2018.

Andy Daudelin, the 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. Blockchain improves security and enables better management of transactions through complex processes.”

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