Friday, July 19, 2019
News

Subex joins GLF's communications blockchain network

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Bengaluru (Karnataka) | June 25, 2019 3:41:39 PM IST
Digital technology provider Subex said on Tuesday that it will be a part of the ITW Global Leaders' Forum's Communications Blockchain Network (CBN), a blockchain-based consortium which aims to revolutionise the ICT service provider industry's commercial settlement infrastructure.

Through its mission to accelerate the adoption of automated settlement applications, CBN represents an opportunity worth billions of dollars to the global industry in terms of costs savings and revenues from new products and services.

The ITW Global Leaders' Forum is a global network of leaders from the world's largest international carriers who convene to discuss strategic issues and to agree on collaborative activities, with the aim of upholding the principle of interoperability and ubiquitous international and technological coverage.

The CBN, which is expected to go live in the coming months, will be governed by a collaborative structure. Besides technology providers like Subex, the platform will see support from 11 leading global carriers to ensure this blockchain-based special purpose mechanism can become a reality.

"Digital trust is increasingly gaining importance in the connected ecosystem and there is an urgent need to simplify inter-service interactions without diluting the trust within these transactions," said Subex Managing Director and CEO Vinod Kumar. "This is where technologies like Blockchain can be of great significance," he said in a statement.

(ANI)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
DIPAM writes to power ministry to explor...
Over 100-year-old rail line in Sri Lanka...
Niine Sanitary Napkins driving improveme...
Sensex plunges 380 points, auto stock su...
Blueshift expands India presence, appoin...
Jailed Arun Saha centrifugal force in fi...
More...
 
INDIA WORLD ASIA
July 17 order whittles down power to iss...
Tamil Nadu, Kerala to receive heavy rain...
Odisha hospital gives saplings to new pa...
Varanasi: Shops decked up for Kanwar Yat...
Priyanka Gandhi to visit Sonbhadra to me...
JDU MP gives Zero Hour Notice to declare...
More...    
 
 Top Stories
India-Nepal oil pipeline to open ne... 
'Light of my world', Nick wishes Pr... 
Melbourne's Formula 1 event contrac... 
Rajasthan government declares 'Supe... 
India's squad for West Indies tour ... 
Four stunt directors roped in to ch... 
UP: MLA Sushil Singh denies enrolli... 
Won't be a puppet, will take charge...