- AT&T has released new blockchain suite
- The new suites promise improved performance for logistics and supply chain management
- IBM and Microsoft among targeted customers
A suite of new blockchain solutions which are designed to assist with IBM and Microsoft has been released. This suite was created by AT&T.
More and more individuals and businesses are automating their various tasks and often do so with the use of blockchain technology to ensure efficiency. With this new suite, customers will now be able to not only automate manufacturing, retail, and healthcare processes but also track results between the various parties involved.
The end goal
As more of business and life in general, becomes digitized, there is the need for these processes to be simplified and stremlined. Due to the fast-paced world of business, there is also the need for speed as well as control.
This new suite seeks to solve these problems for consumers through blockchain. Because blockchain is so highly efficient in the recording of the various tasks it conducts and is very secure, it is the perfect option for businesses that regularly carry out such tasks and is already being used in industries such as supply chain and logistics.
This suite, therefore, offers speed, tracking, automation, and critical monitoring capabilities.
The blockchain aspect of the new suite helps in the recording of data and transactions. This platform is designed for several industries such as logistics and supply chain management. It also supports live production networks meaning the data is recorded in real time.
Microsoft Azure blockchain technology
This aspect is created to give more control and transparency to the recording of transactions and according to the press release, ‘Integrations with AT&T’s IoT platforms aim to bring additional transparency and accountability to even the most complex supply chains.’
It also supports several ledger protocols including Ethereum, HyperLedger Fabric, Corda, Quorum, and Chain.
The new suites, according to AT&T themselves, is built for a number of industries such as manufacturing, healthcare and retail and benefits them by incorporating tracking of goods, ensuring product quality and the sharing of patient records on a secure platform.
“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.