The South Korean mobile carrier, KT (formerly Korea Telecom) has unveiled the world’s first blockchain-based commercial network, as reported by the Korean Herald. The telecom giant has implemented a blockchain layer on top of their ultra-speed nationwide commercial network to ensure maximum security and transparency for retail and business users. “Public blockchains have low processing speed and capacity, while private blockchains have low transparency. By applying blockchain onto our ultra-fast network, we have overcome both obstacles,” commented the head of the Blockchain Center at KT’s Institute of Convergence Technology, Seo Yeong-il. The mobile carrier expects to achieve the impressive number of 100 000 transactions per second by the end of 2019, while their current blockchain network capability is 2500 transactions per second. Furthermore, KT has already implemented this disruptive technology in their user identification process, eliminating the need for personal IDs and passwords. The company is also working closely with…
The global telecommunications solutions provider ZTE and the mobile operator Hutchinson Drei Austria announced another strategic step to expand their partnership in preparation for the 5G rollout in…
While 5G maintains its dominant position in telecom news headlines, Qualcomm has made a major move towards the realization of this disruptive technology with the announcement of the…
After the successful release of its flagship P20 series, the Chinese equipment manufacturer Huawei is set to overtake Apple as the second largest global smartphone vendor in 2018.…
A leading communications solutions provider, BICS, has announced the release of their Local SMS Firewall, a fully managed end-to-end platform that helps operators protect and optimize their SMS…
Europe’s leading Internet of Things event IoT Tech Expo Europe 2018 brought together thousands of enthusiasts and specialists from a variety of industries including manufacturing, transport, healthcare, logistics,…
At the recent Sino-German Economic Forum, China Mobile and Nokia signed a one year framework agreement valued at 1.36 billion euro (9.927 billion yuan) to support the Chinese…
While the IoT market continues to grow, Vadofone has announced the launch of two new consumer IoT products in their V by Vodafone range – V-SOS Band by…
DIDWW continues to grow their global private backbone with the addition of 3 strategically placed points of presence in Los Angeles, Miami and Singapore. These POPs serve the…
More than 7 years ago when Laimis joined the DIDWW team, he did not have an extensive knowledge of telecommunications. However, his tenacity, people skills, and excellent grasp…
