U.S. telecommunications giant AT&T has announced the creation of a suite of blockchain solutions designed to work with tech from IBM and Microsoft, according to AT&T’s September 26 press release.
AT&T’s blockchain solutions — which will work with the IBM Blockchain Platform for data recording and Microsoft Azure’s blockchain technology — aim to “bring additional transparency and accountability to even the most complex supply chains” for its enterprise customers.
The telecoms company’s blockchain-based suite plans to develop the digitalization of enterprise customers’ business processes, noting that industries including manufacturing, retail, and healthcare can utilize the solutions.
Andy Daudelin, vice president at AT&T, said in the press release that blockchain technology is “transforming the way many companies conduct business,” adding:
“Blockchain improves security and enables better management of transactions through complex processes.”
Back in August, Microsoft’s cloud platform Azure had announced a new Ethereum (ETH) proof-of-authority (PoA) algorithm that would allow for a “more efficient” way of building decentralized applications (DApps).
Also in August, IBM, together with Danish transport and logistics giant Maersk, had successfully launched a blockchain solution involving 94 organizations and 154 million shipping events, Cointelegraph reported.