Blockchain’s The Sphere Wins Best Cloud Innovation At Global Carrier Awardsbr>
The Sphere, a blockchain global ecosystem for the telecom industry, was named Best Cloud Innovation at Capacity’s Global Carrier Awards 2018. The service was unveiled just in May.
The Sphere provides a solution to the challenges that have been holding back telecom operators, carriers and resellers for years, including declining margins, increased fraud and quality of service challenges.
The platform’s cloud network, incorporated with proprietary distributed switching and routing engines, enables operations between global regions and independence within regions. Using patented blockchain-powered technology, The Sphere facilitates multi-party chain-trading, routing, and financial settlements in real time, removing commercial barriers, financial threats and operational challenges.
The Sphere was also shortlisted in four additional categories: Best Network Technology Innovation, Best Voice Service Innovation – Emerging Market, Best European Project and Best Anti-Fraud Innovation. The awards ceremony – wholesale telecom’s largest global industry celebration – took place during the Capacity Europe 2018 conference in London.
“Innovation and collaboration are at the heart of The Sphere’s mission and vision,” said John Tolton, chief commercial officer for The Sphere. “We were honored that industry experts recognized our pioneering platform with this Best Cloud Innovation award, and that we had the chance to celebrate progress for the wholesale telecom industry alongside our peers and partners. We’re looking forward to ushering the marketplace into the next era together with the other forward-thinking organizations that won and were shortlisted for Global Carrier Awards.”
The Sphere’s services include a blockchain-powered live exchange offering business development and trading opportunities, live anti-fraud, live QoS routing, real-time and financial settlements