Global Telecommunications Industry Association TM Forum announced the “Mega Catalyst” project which tests IOTA’s Tangle technology to play the central role. In our IOTA news today, we are reading more about this amazing news.
In order to build a trusted supply chain in the telecommunications industry, both the R3 Corda and IOTA technologies will be used. Via a blog post, TM forum, a global telecommunications industry association for service providers and suppliers, announced the “Mega Catalyst” project that aims to build a complete trusted business ecosystem where telecom companies can easily interact with supply chains and to deliver trusted industry 4.0 solutions. This is where the IOTA Tangle will play a central role in the distributed ledger technology.
The TM Forum is a huge alliance of industrial giants and the members of the forum include digital service providers, network operators, telephone companies, and software vendors, as well as system integrators and management consultancies. Ten of the biggest service providers in the world belong to the initiative along with 840 companies that develop the catalysts. These catalysts are deployable proof of concepts that bring large and small companies together in order to create innovative solutions to common challenges. They use best practices and standards from the Forum to ensure reduced costs and risks and scalability.
In a Catalyst project, there are two major roles, champions that define the problem to be solved, and participants who implement the solution. The “Mega Catalyst” Combines three projects into one, BT, BTT, Etisalat, Maxbyte, Orange, and Agile Fractal Grid with Telus, Telekom, Rostelecom and Chunghwa Telecom. IOTA is one of the participants as well as Corda R3. DLT Catalyst uses IOTA’s Tangle to track data from physical devices while DBM users R3 Corda to secure ownership certificates:
“To enable the Mega catalyst, the IOTA Tangle data together with other relevant data from the companies in the supply chain are extracted by R3 Corda and then exposed to the ‘AI driven Business Assurance Catalyst’.”
The author of the blog post explained more about the project:
“In this process of developing a new Business Assurance approach to ecosystems, the three Catalysts have offered powerful insights to how the individual ‘layers’ can deliver the required capabilities to expose the necessary services and data at control points for ecosystem assurance. These control points define the demarcation between the ‘layers’ and could be operationalized as potential assurance & governance APIs in the implementation of the supply chain use case.”
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