AT&T, the largest telecoms firm, has created a suite of blockchain solutions designed to work with technology from IBM and Microsoft.
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. This applies across vertical industries like manufacturing, retail, healthcare and more.
Businesses are constantly looking to reduce costs, risk and simplify business processes. Blockchain creates a shared ecosystem across parties to exchange information in way that is permissioned and highly secure.
The blockchain-as-a-service platform has been designed to slot in with other blockchain platforms such as IBM Blockchain and Microsoft Azure, and AT&T’s internet of things tools can enable automation and monitoring capabilities.
AT&T’s suite of blockchain solutions can be also used across vertical industries specifically, manufacturing to track origins and movement of goods through factories and the quality from creation, to delivery, to the consumer, as well as retail to ensure products’ authenticity by tracking them from order delivery, reducing waste and excess stock and healthcare to help maintain a highly-secure sharing of directories of up-to date patient records.
“Blockchain is far more than just Bitcoin or cryptocurrency. It’s transforming the way many companies conduct business,” said Andy Daudelin, vice president, Alliances Business Development, AT&T 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.”