Cisco is a telecommunications giant which is featured in the latest blockchain news this week. As it stands, the telecom company has developed a new Cisco patent describing a system that could be used by 5G networks to authenticate users and enable them to pay for network services.
The patent has been awarded last Tuesday, November 26, and details how mobile phones could include blockchain authentication data that would allow them continuous access to networks. This could be used for telecommunications networks including new 5G networks, promising ultra-fast data speeds.
The patent also describes a “native blockchain platform” which employs operations that can serve as additional, alternative or supplemental registration processes and/or session management processes within a mobile network.”
“This service-oriented architecture supports network slices, which employ an isolated set of programmable resources that can implement individual network functions and/or application services through software programs within a respective network slice, without interfering with other functions and services on coexisting network slices,” the official filing said.
In fact, the new Cisco patent was described as one where users submit payment credits to the blockchain network “in exchange for network services.” As such, it will also interconnect service providers who use it – they will exchange messages such as policy requests, network usage and “lawful intercepts.”
In the cryptonews, the new Cisco patent was also featured for its advantages and how it brings blockchain technology to facilitate transparent, verifiable, and secure digital asset transactions with proof of rights and ownership.
Meanwhile, 5G is gradually rolled out this year by a lot of carriers in what is seen as the next level of mobile networks. In the United States, these include the telecommunications provider Sprint which pushed 5G technology to even nine cities, with the most developments made in New York, Chicago and Los Angeles.
As shared on the blockchain page on their website, Cisco describes the technology as an “emerging one” which has “ever-growing potential across a wide range of industries that Cisco serves around the globe.” They also refer to the fact that Cisco has invested a lot in “researching and developing an Enterprise Blockchain technology, which culminated in a successful demonstration at Cisco Live, San Diego, in June 2019.”
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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