Tuesday, March 8, 2022

Blockchain and On-Demand Provisioning

Telcos have desired on-demand fulfillment mechanisms for at least 50 years. Blockchain now will allow them to do so more widely, especially in the area of settlements between transacting parties, whether connectivity or computing and storage suppliers.


“End to end paperless” processes in the air freight industry are designed to reduce costs, improve traceability and enhance efficiency. 


source: IATA 


In principle, the same sort of process might be implemented in the connectivity business for billing and settlements. If e-freight is based on a bilateral transaction between a shipper and a recipient, so too connectivity or computation services are built on transactions between customers and suppliers, usually conducted as a bilateral agreement. 


Essentially, blockchain is designed for ecosystems, with multiple, decentralized sources of identity that mean every participant in the network has the ability to verify the correctness of transactions. 


 source: Deloitte


One thing should be obvious: using blockchain, ecosystem partners gain the ability to trade and transact with any member with less friction. Most of the time and effort required to create “trust” is avoided. 


The other implication is that blockchain helps enable something resembling an e-commerce platform, allowing partners to complete transactions faster and with less danger of fraud or error. 


Think of this as one more example of the industry’s decades-long desire to create on-demand delivery mechanisms. 


No comments:

Will Generative AI Follow Development Path of the Internet?

In many ways, the development of the internet provides a model for understanding how artificial intelligence will develop and create value. ...