Colt and Zeetta Networks unveil ground-breaking blockchain solution
- Colt Technology Services and Zeetta Networks will be revealing their ‘Blockchain-Based Carrier Marketplace for LSO Sonata’ at MEF18.
- Blockchain within network carriers can facilitate secure transmissions without compromising network security, enabling global network carriers to integrate.
London, 18 October 2018 – Colt Technology Services and Zeetta Networks will reveal a world first Proof of Concept (PoC) demonstration ‘Blockchain-Based Carrier Marketplace for LSO Sonata’, on 29th October 2018 at MEF18. The PoC will demonstrate how network carriers can buy and sell network services in a secure, distributed and trusted marketplace. This will significantly lower the cost of business-to-business interactions for network service providers, and increase the size and efficiency of the market.
As the world’s network carriers seek to work more closely to enable a seamless experience for their customers, the scale and complexity of business interactions between all parties in the network service value chain will increase. A secure, distributed system is required, with watertight security to maintain business privacy and transaction integrity.
Vassilis Seferidis, CEO of Zeetta Networks, said: “With the rise of 5G networks and the requirements for low latency and high bandwidth applications, automation of business-to-business interaction is required for the optimum utilisation and monetisation of network capabilities. This goes beyond the traditional VPN connectivity offered today by incorporating network virtualisation and slicing. Zeetta’s patented Smart Contract technology automates the commercial transactional process, allowing carriers to trade interconnect slices and restructure and re-purpose network slices to match the exact requirements of customers and their applications.”
A distributed ledger, or Blockchain based solution, creates an environment within which business can be securely transacted, with the automation required to support dynamic network services and assurance. Carriers and providers can then execute Smart Contracts with potential business partners in a private, secure environment with all interactions encrypted and recorded in the chain, reducing the complexity and costs while driving market demand for global connectivity.
‘Blockchain-Based Carrier Marketplace for LSO Sonata’ will be presented by Ian Teasdale, VP of Sales & Marketing at Zeetta Networks, and Mirko Voltolini, Head of Network on Demand at Colt Technology Services as part of the Proof of Concept Showcase at MEF18.
Colt enables the digital transformation of businesses through its intelligent, purpose-built, cloud-integrated network, known as the Colt IQ Network, and is working with Zeetta Networks to deliver the innovative blockchain solution for network carriers.
Mirko Voltolini, Head of Network on Demand at Colt Technology Services, said:
“Blockchain technology is a disrupter to the slow and error-prone manual approach most traditional business processes have been run so far. Above all, it removes the need to have a trusted third party intermediary to carry out B2B transactions among multiple entities. Coupled with SDN it has the potential to extend automation from the network to the business, it’s a revolution to the telecom market.”
Over a thousand attendees from more than 275 companies and 35 countries will be attending MEF18. The event empowers industry stakeholders with high-quality content, extraordinary peer-to-peer networking opportunities, and provides valuable insight into cutting-edge services and technologies.
Pascal Menezes, Chief Technology Officer at MEF18, said:
“MEF18 Proof of Concept demonstrations, like this collaborative effort involving Zeetta Networks and Colt Technology Services, are crucial to accelerating development and worldwide adoption of assured services, orchestrated across automated networks with MEF 3.0. We are delighted by the tremendous support of leading service and technology solutions providers who are participating in this year’s PoC Showcase. Dozens of companies will be involved in 20 demos. We have nearly double the number of participants compared to last year’s popular showcase.”
You can learn more about the Proof of Concept Showcase here, and follow us on Twitter via @ZeettaNetworks.
About Zeetta Networks
Zeetta Networks is a leader in the development of fully programmable, open ICT network infrastructures, made possible by the network slicing and network splicing® capabilities of NetOS®, a programmable network infrastructure platform. With NetOS® at the heart of their network, an operator or enterprise can monitor and automate the management of their infrastructure and the services they offer their users from a single console, in real time and on demand.
The network splicing® capability of NetOS® enables a wide range of network technologies to be integrated within a single network topology, including optical, packet, Wi-Fi and even low power IoT radio protocols.
NetOS® gives infrastructure owners the power to slice their network, giving tenants their own allotted segment and providing them with complete visibility, control and security over their virtualized network slice whilst being decoupled from the rest of the network.
NetOS® is designed to be vendor-agnostic, allowing it to interact with, and control, network devices from a multitude of different suppliers – preventing network owners from being tied to a particular manufacturer’s equipment.
For all press enquiries and to arrange an interview, please contact Emily Perkins, OggaDoon PR and Digital Media on 07754384401 or email firstname.lastname@example.org
About Colt Technology Services
Colt aims to be the leader in enabling customers’ digital transformation through agile and on-demand, high bandwidth solutions. The Colt IQ Network connects 850+ data centres across Europe, Asia and North America’s largest business hubs, with over 27,000 on net buildings and growing.
Colt has built its reputation on putting customers first. Customers include data intensive organisations spanning over 207 cities in nearly 30 countries. Colt is a recognised innovator and pioneer in Software Defined Networks (SDN) and Network Function Virtualisation (NFV). Privately owned, Colt is one of the most financially sound companies in its industry and able to provide the best customer experience at a competitive price. For more information, please visit www.colt.net.
Nola Pocock – Director – Global Communications, PR & AR
An industry association of 200+ member companies, MEF recently introduced the MEF 3.0 transformational global services framework for defining, delivering, and certifying assured services orchestrated across a global ecosystem of automated networks. MEF 3.0 services are designed to provide an on-demand, cloud-centric experience with user- and application-directed control over network resources and service capabilities. MEF 3.0 services are delivered over automated, virtualized, and interconnected networks powered by LSO, SDN, and NFV. MEF produces service specifications, LSO frameworks, open LSO APIs, software-driven reference implementations, and certification programs. MEF 3.0 work will enable automated delivery of standardized Carrier Ethernet, Optical Transport, IP, SD-WAN, and Layer 4-7 services across multiple provider networks.
For more information: https://www.mef.net.