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New agreement aids OpenCryptoTrust blockchain-based telco push

Tony Zerucha

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OpenCryptoTrust (OpenCT) has announced a five-year commitment at NJFX, the only CLS colocation campus in the U.S. offering Tier 3, carrier neutral data center capabilities. The move supports its blockchain-based telco infrastructure in the domestic and international markets.

This positions OpenCT as one of the first blockchain players within the world of telco and places them in direct line with NJFX’s customers. As a highly interconnected hub, NJFX is an ideal location for firms to leverage OpenCryptoTrust solutions.

“NJFX represents one of the most significant cable landing systems with worldwide access, to ever cross the Atlantic,” OpenCT CEO Mayande Walker said. “We are proud to be a part of the NJFX CLS colocation campus that will further our goal to make New Jersey one of our main strategic access points in the U.S. blockchain ecosystem and will serve as a major interconnection for global communications.”

“Global interconnection is exactly what NJFX provides as the first and only cable landing station colocation campus in the United States,” added Roy Hilliard, VP of business development for NJFX. “NJFX sees the partnership as a logical extension to the NJFX hub of services that our service provider clients provide and that enterprises are looking for as a way to efficiently and securely enable critical applications.”

OpenCT’s solution is facilitated thru two functions, predictive real time provisioning and smart contracts, that ultimately support enterprise bandwidth-on-demand. Customers will also be able to dynamically scale up or ‘burst’ connectivity during times of peak demand. OpenCT is using blockchain technology to support modern telecommunication services. They have modified the blockchain protocol itself to support ultra-secure data transport – and superior management overlay. Through smart contracts (on their own hybrid blockchain) strategic carrier partners can offer their large-scale enterprise customers a new way to pay for bandwidth.

Tony Zerucha

Tony Zerucha is an alternative finance journalist with more than seven years experience in the space. The author of more than 1,000 articles, Tony was named LendIt's 2018 Journalist of the Year.

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