Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
The telecom giant is working on blockchain solutions which can help bring a higher level of transparency in supply chain and healthcare processes.
Telecom giant AT&T launched a suite of blockchain solutions working on Microsoft’s Azure platform and the IBM Blockchain. In an official press release on Wednesday, September 26, the company said that the blockchain solutions aim to digitize and automize several processes in the supply chain and the healthcare process.
The company announcement reads: “We’re combing our edge-to-edge capabilities with blockchain technology. Our Internet of Things (IoT) solutions add automation and critical monitoring capabilities. AT&T’s consulting team can design, deploy and manage blockchain solutions.”
AT&T said that the blockchain solutions developed in partnership with IBM can record data on the IBM Blockchain network. The IBM Blockchain platform is already hosting several live networks for supply chain and logistics. The telecom giant further plans to integrate its asset management operations with the IBM Maximo Network and Maximo Asset Health Insights. Through this, AT&T plans to deliver safe and secured service networks to asset management firms.
AT&T is also tapping into Microsoft’s Azure Blockchain platform. The Azure platform is host to several enterprise ledger protocols like Quorum, Fabric, Ethereum, and Corda. The platform provides customized network structures for dev/test consortiums, single members and also multi-members.
AT&T Aims At Bringing More Transparency in the Supply Chain
Consequently, AT&T believes that its blockchain solutions developed using the Azure platform will provide a higher layer of transparency in the operations of the supply chain industry. Mark Wright, VP of media services and sponsorships at AT&T, this is their biggest goal. He asked:
“Who, specifically, are those tech providers [in the supply chain], and how much of a fee are they assessing to my working media dollars? It’s pretty murky, and thus you need technology to help you get under the hood.”
AT&T in its blog post mentioned that the “highly secure” blockchain platform “will have better resources to track and manage information across multiple parties”. Andy Daudelin, vice president, Alliances Business Development, AT&T Business, said that blockchain technology which is currently in its nascent stage is “transforming the way many companies conduct business”. Daudelin further added:
“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. 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.”