Blockchain in Business: A Technology for Success

Blockchain_in_Business

Blockchain technology has the potential to transform the way businessesoperate.As a result, it has gained tremendous momentum and is no longer the utopian dream of a few crypto enthusiasts. According to a Deloitte report that surveyed more than 1300 senior executives worldwide, 53% said blockchainin businessis a priority. Also, PwC highlights thatblockchain alone can add $407 billion to the GDP of the USA by 2030.


Blockchain is cementing its position in the market and is expected to be worth $163 billion by 2027, according to Statista. The time has come for digital businesses to harness the power of decentralization and incorporate it into their everyday processes.

You simplycan’t lose out on the business opportunities that this technology has tooffer simply because you are living under a rock. In this article, we will discuss how using blockchain for business can make a huge difference in your business process. Let’s first begin by looking at the challenges faced by traditional business models.


Challenges Traditional Business Models Face

A growing business encounters several challenges, and different problems demand different solutions. Mentioned below are some of the challenges that traditional business models often encounter.


Time-Consuming Processes

In a business operation, all processes function as separate entities. Teams often find themselves looking for, gathering, and analyzing the same data to make decisions.

As a result, the teams must rely on a lot of third-party intermediaries to runtheir business processes smoothly. This adds to the time and complexity of the processes.Use of blockchain technology can help to effectively do away with this challenge.


Lack of Security

Data security is another area of concern that can be taken care ofby storing data on the blockchain. Data that is storedin the cloud or a centralized storage facility, is vulnerable to security breaches. The traditional business ecosystem, data, and stakeholders are unprepared for the considerably more intelligent and ever-changing hackingtechniques. As a result, important and confidential data can get breached and compromised.


Payment Barriers

Payment transactions are often more complicated, time-consuming, and costly due to the diversity of currencies and parties involved. Blockchain technology promises to make processing payments and other transactions around the world faster, safer, and cheaper by getting rid of the need for mediators like correspondent banks and clearing institutions.

Payment barriers are another problem that the adoption of blockchain business models can ease.


Shoot-up Your Business Growth with Blockchain Technology

Blockchain in business is aiding the transformation of business across industries all around the globe. Blockchain is transforming supply chains, banking and financial services, healthcare, government, retail, and other industries.

Here are some statistics that demonstrate blockchain's significance in strengthening industries:

  • The financial sector contributes to around 30% of the market value of blockchain. (Statista)
  • By 2028, the value of blockchain in healthcare will be $1189.8 million. (Vantage Market Research)
  • By 2026, the value of blockchain in agriculture and food will be $1.48 billion. (BIS Research)
  • In 2022, the blockchain market in the manufacturing industry will be worth $85.64 billion. (Globe Newswire)


Accelerates Your Business Processes

Blockchain is taking a central role in the ongoing digital transformation process. In digital transformation, time is one of the most critical factors that keeps you ahead of the curve. Moreover, business operations that use a blockchain to store and transfer data provide high levels of security.

On this basis, you can create completely automated transactions in various business domains. This method is not only dependable and safe, but it is also exceedingly fast.


Improves Your Online Security

Encryption and validation are two significant advantages of mainstreaming blockchain technology. Every operation and communication that happens online will be encrypted. It protects against data alteration. Due to its distributed nature, you can verify that no one has altered even a bit by checking signatures across all nodes.

Blockchain in business will be helpful for storage, private messaging (between companies/clients or friends on social media), safer DNS, and IoT security. Blockchain use in business will enhance cybersecurity, but this transformation won’t happen overnight, it will take years before it impacts the ways in which we use the internet.


Eases Online Payments

While online transactions are safer than ever, users' data is still at risk. However, this decentralized platform can make payments transparent and tamper-proof in the financial ecosystem.

Decentralized blockchain technology protects data. Simply put, it allows you to make payments without a payment processor.

Blockchain technology protects financial transactions by removing central points of failure and minimizing errors. This helps in saving time and money. In addition, blockchain technology ensures that transactions remain unaltered and only those involvedcan see the history.


A Game-Changer in the Supply Chain & Logistics


Anything that can conceive of as a supply chain, blockchain can vastly improve its efficiency - it doesn’t matter if it’s people, numbers, data, money.”

- GinniRometty, CEO of IBM.


The integration of blockchain simplifies supply chain and logistics work. The blockchain's decentralized nature ensures maximum transparency in every transaction in the supply chain, from raw material purchase and manufacture to distribution and sale of the finished product. At a minimal cost, each transaction can be promptly and readily documented on the blockchain. There are very few risks this way, because the final buyer can track a product's origin along the whole supply chain.


Reduces Operational Cost

Blockchain-based smart contracts are a boon. Businesses can make and receive online payments through some set guidelines. Brokers, escrow agents, and other intermediaries are excluded through smart contracts. Smart contracts are self-executing programs that safeguard the interests ofall parties. These contracts use unbreakable cryptographic code and automatically implement contract terms.

Lastly, smart contracts keep track of all consumer, worker, and stakeholder activities. Many global corporations use smart contracts to perform essential HR and administrative tasks.


What Does Blockchain Mean for Entrepreneurs?

Blockchain technology is so much more than just a technology used for cryptocurrencies. For a commoner, whenever we talk about blockchain, the first thing they think of is bitcoin or cryptocurrency. However, for businesses and entrepreneurs, blockchain is more than just a cryptocurrency. Let's take a look at the ways in which blockchain technology can empower business leaders.

 


Case Study

Blockchaintechnology is being rapidly usedin the logistics industry.The main advantages include higher confidence in the system due to greater transparency, improved product traceability, and cost savings by eliminating manual and paper-based administration.

One such example Tradelens, a blockchain-powered open and neutral supply chain network, is one example. It was founded by IBM and Maersk and has expanded to 150 members, including some of the world's largest logistics companies, including CMA CGM, MSC, ONE, and Hapag-Lloyd. In 2020, it claims to have made businesses 15% more efficient by letting them get rid of legacy data systems, manual document processing, and limited visibility. By 2050, it claims to have made them 15% more efficient.


Final Thought

Blockchain technology is theinevitable future, and its use is no longer restricted to crypto transactions. In the coming years, blockchain development solutions will be used ineCommerce marketplace, peer-to-peer financial transactions, content distribution, healthcare data exchanges, supply chain, and customer services.

Blockchain applications are no more the pie-in-the-sky dreams of early adopters. This technology has the potential to revolutionize practically every sector and solve your company's greatest challenges. Smart and strategic use of new technologies, can make your company more secure, transparent, and ready for whatever comes next.


FAQ


What Is the Impact of BlockchainTechnology on Business Models?

Blockchain implementations can minimize transaction costs such as negotiation and search expenses and eliminate intermediary costs. This means that by 2022, blockchain technology is expectedto cut costs in the financial sector by$15–$20.


What Is the Size of theBlockchainMarket?

The global blockchain market was valued at $1.57 billion in 2018 and is expected to more than triple to 163 billion USD by 2027.


What Does BlockchainMean for Business?

A blockchain is a digital record of who owns what, and it is constantly updated. The time, date, dollar amount, and participants in a transaction are encrypted into a "block" that is connected to other blocks to create a chain.

Spotlight

Payoda Technology Inc.

Payoda Technology Inc. is a Digital Transformation partner to Healthcare, Retail, Textiles and Manufacturing Industries. A leader in technology solutions and services, Payoda works with global businesses enabling them to be efficient, focused and innovative. With our expertise in End User Research, Human Centered Design, Product Design, Product Engineering and Analytics, we use cutting-edge methodologies to transform your business.

OTHER ARTICLES
Unified Communications, Network Security

Key Network Performance Metrics to Improve Efficiency

Article | July 10, 2023

Discover key network performance metrics to enhance user experience. Explore in-depth latency, throughput, jitter, packet loss, VOIP quality, and MOS score to optimize network performance analysis. Contents 1. Importance of Network Performance Metrics for Performance Analysis 2. Critical Key Network Performance Metrics to Monitor 2.1 Latency 2.2 Throughput 2.3 Jitter 2.4 Packet Loss 2.5 VOIP Qualiy 2.6 MOS Score 3. Steps to Monitor and Measure Network Performance 4. Significance of Monitoring Metrics in Network Troubleshooting 4.1 Provides Network Visibility 4.2 Prevents Network Downtime 4.3 Observe Bandwidth Usage 5. Overcome Monitoring Challenges in Network Performance Metrics 6. Key Takeaway 1. Importance of Network Performance Metrics for Performance Analysis Network performance involves analyzing and evaluating network statistics to determine the quality of services provided by the underlying computer network. Considering various key network metrics, it is primarily measured from the end-users’ perspective. Measuring these metrics, analyzing performance data over time, and understanding the impact on the end-user experience is essential to assess network performance. Measuring network performance requires considering factors such as the location and timing of measurements. For instance, network performance may differ when comparing paths between cities or during periods of varying user demands throughout the day. Therefore, a comprehensive approach to monitoring network performance involves identifying these variables and identifying areas for improvement. Network performance metrics offer valuable insights into any network infrastructure and services. These metrics provide real-time information on potential issues, outages, and errors, allowing one to allocate IT resources efficiently. Understanding end-user demands can create an adaptive network to meet future business needs. However, comprehensive monitoring requires an advanced network monitoring tool to gather, analyze, and interpret data effectively, optimizing network performance. Leveraging relevant metrics can improve network performance, help make informed decisions, enhance network reliability, and deliver a superior user experience. 2. Critical Key Network Performance Metrics to Monitor 2.1 Latency Latency, or network delay, is a crucial performance metric in network monitoring and management. It quantifies the time required to transmit data between destinations. Factors like packet queuing and fiber optic cabling affect network latency. Consistent delays or sudden spikes in latency indicate significant network performance issues. Monitoring and minimizing latency are essential for ensuring optimal network performance. By actively tracking latency, organizations identify and address issues that may cause delays in data transmission, thereby improving overall network responsiveness and minimizing disruptions for end-users. 2.2 Throughput Throughput metrics for network monitoring enable measurement of the data transmission rate across various network segments. Unlike bandwidth, which represents the theoretical data transfer limit, throughput reflects the successful delivery of data packets to their destination. Variations in throughput can occur across different network areas. A low throughput indicates the presence of dropped packets requiring retransmission, and highlights potential performance issues that need attention. Monitoring throughput is crucial for effective network management. By monitoring this performance metric, organizations can gain insights into the actual data transmission rate, ensuring that it aligns with expected levels. 2.3 Jitter Jitter, a key performance metric in network monitoring, refers to the variation in delay between packets, measured as the difference between expected and actual arrival times. It results due to network congestion, routing issues, or other factors, leading to packet loss and degraded application performance. Jitter disrupts the standard sequencing of data packets and can arise due to network congestion or route changes. Monitoring jitter is crucial for identifying and addressing network stability issues and ensuring reliable data transmission. By actively monitoring this performance metric, organizations can address variations in packet delay, mitigating issues that leads to packet loss and enabling proactive troubleshooting. 2.4 Packet Loss Packet loss, a performance management network monitoring metric, represents the number of data packets lost during transmission. It directly affects end-user services, leading to unfulfilled data requests and potential disruptions. Packet loss can arise from various factors, including software problems, network congestion, or router performance issues. Monitoring the entire process precisely to detect and address packet loss, ensures reliable data transmission and optimal network performance. Monitoring packet loss with the right network monitoring software enables timely troubleshooting and optimization of network infrastructure, ultimately enhancing overall network reliability and performance. 2.5 VOIP Quality VoIP (Voice over Internet Protocol) quality is a crucial network performance metric. It refers to the overall performance of a VoIP system in delivering clear and reliable voice communications over the Internet, replacing traditional phone lines. Factors influencing VoIP quality include network bandwidth, latency, packet loss, jitter, and the quality of end-user devices. Monitoring VoIP quality ensures optimal system functionality and high-quality voice communications. Key performance indicators (KPIs) such as mean opinion score (MOS), jitter, latency, packet loss, and call completion rates are utilized to assess and optimize VoIP quality. 2.6 MOS Score Mean opinion score (MOS) is a vital performance metric in network monitoring, rating the perceived quality of a voice call on a scale of 1 to 5. It is a standardized measurement developed by the ITU, an international agency focused on enhancing communication networks. Initially designed for traditional voice calls, the MOS has been adapted to evaluate Voice over IP (VoIP) calls. The MOS score considers various factors, including the specific codec employed for the VoIP call, providing a comprehensive assessment of voice calls quality in network monitoring. 3. Steps to Monitor and Measure Network Performance Step 1: Deploy a Software for Network Monitoring To effectively measure network performance, deploying dedicated network monitoring software is crucial. While temporary tools like traceroutes and pings can provide insights into ongoing problems, they are insufficient for troubleshooting intermittent network issues. Relying on periodic tools for intermittent issues is reliant on chance, as it may only detect problems when they occur during tool usage. By implementing comprehensive network monitoring software, one can proactively monitor and analyze network metrics, historical data, and performance, allowing for timely detection and resolution of both ongoing and intermittent network issues. Step 2: Distribute Monitoring Agents For comprehensive network performance measurement, businesses must distribute monitoring agents strategically across key network locations. These specialized software agents continuously monitor network performance using synthetic traffic, simulating and assessing the end-user perspective. By distributing Monitoring Agents, organizations can: • Measure key network metrics, including jitter, packet loss, and throughput. • Identify and troubleshoot intermittent network issues that are challenging to pinpoint. • Receive alerts regarding any performance degradation, ensuring a timely response. • Collect valuable data for in-depth troubleshooting and analysis, facilitating proactive network management and optimization. Step 3: Measure Network Metrics After deploying the monitoring agents, they continuously exchange synthetic User Datagram Protocol (UDP) traffic, forming a network monitoring session. During this session, the agents measure network performance by evaluating key metrics and conducting network traffic analysis. The metrics used in the analysis include specific parameters, and the results of these measurements are presented in a network response time graph, providing a visual representation of the network's performance characteristics. Monitoring and analyzing these metrics enable organizations to gain valuable insights into network performance, facilitating informed decision-making and convenient network performance troubleshooting. 4. Significance of Monitoring Metrics in Network Troubleshooting 4.1 Provide Network Visibility Monitoring metrics plays a vital role in network troubleshooting by offering network visibility. They enable the identification of performance bottlenecks, configuration problems, and security vulnerabilities that detrimentally affects network performance. These issues can be addressed through targeted troubleshooting efforts, resulting in improved network performance and enhanced end-user experience. Organizations identify and resolve network issues by monitoring metrics, ensuring optimal network functionality and overall business productivity. 4.2 Prevent Network Downtime Effective monitoring metrics are instrumental in preventing network downtime, a costly concern for businesses. Swift identification and resolution of network issues through proactive network performance troubleshooting help minimize downtime, ensuring uninterrupted business operations. By promptly addressing potential problems, network troubleshooting safeguards against lost productivity, revenue, and customer dissatisfaction. Maintaining a proactive approach to monitoring and resolving network issues to enhance network reliability and business continuity. 4.3 Observe Bandwidth Usage Monitoring metrics are essential in network troubleshooting as they enable the observation of bandwidth usage. This allows organizations to detect abnormal or excessive utilization, pinpoint key performance issues and ensure optimal resource allocation. It allows for identifying critical bandwidth-hogging applications or network intrusions, helping experts take immediate action to mitigate risks, safeguard data, and protect the overall network integrity. Additionally, experts can optimize network performance and ensure a seamless user experience for organizations relying on efficient network infrastructure. 5. Overcome Monitoring Challenges in Network Performance Metrics Enterprises seeking to ensure optimal network performance and improve overall business operations must overcome network monitoring obstacles. Effectively monitoring, tracking, and improving network performance requires a strategic combination of skilled personnel, advanced technologies, and well-defined strategies. Failing to address these requirements results in various challenges that hinder the ability to enhance network performance effectively. The challenges that businesses often encounter include managing scalability, handling massive data volumes, achieving real-time monitoring, dealing with multi-vendor environments, addressing network security and privacy concerns, and adapting to evolving network demands. Each obstacle presents unique complexities that require tailored approaches and expert insights. To overcome these challenges, enterprises must invest in comprehensive monitoring tools capable of handling the scalability demands of growing networks. These tools should provide real-time network visibility, robust analytics capabilities, and intelligent data filtering mechanisms to extract meaningful insights from vast network data. Establishing clear monitoring objectives aligned with business goals and defining key performance indicators (KPIs) are essential in effectively addressing network performance challenges. 6. Key Takeaway Monitoring network performance metrics is crucial for assessing the quality of services a computer network provides from an end-user perspective. It involves continuously tracking and analyzing key metrics such as latency, throughput, jitter, packet loss, VOIP quality, and MOS score. Organizations can actively monitor and assess performance, proactively identify intermittent issues, and collect valuable data for in-depth analysis by implementing dedicated network monitoring software and strategically deploying monitoring agents across the network. In addition, it is imperative to emphasize the significance of monitoring metrics in mitigating the potential financial impact of network downtime, enhancing the utilization of available bandwidth resources, and efficiently tackling the complexities inherent in scaling operations, real-time monitoring, diverse vendor ecosystems, security concerns, and the ever-evolving requirements of modern networks.

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4G vs. 5G: We Explain the Difference and Why You Need to Care

Article | September 28, 2023

Latency – the time it takes for devices to communicate with each other or with the server that’s imparting information – was already pretty low with 4G, but 5G will basically make it disappear. This development is great news for new tech forays into remote real-time gaming and self-driving cars, as the communication needs to be instantaneous for hiccup-free gameplay and to guarantee the safety of passengers. lthough there has been much media coverage regarding 5G’s health-related dangers and conspiracy-driven connection to the coronavirus, many people are still in the dark about what the 5G network can bring to the everyday internet user.

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Enterprise Mobility, Mobile Infrastructure

Verizon and Unity Collaborate to Integrate 5G and MEC in Gaming

Article | June 16, 2023

Telecommunications conglomerate Verizon has partnered with 3D development platform Unity to create entertainment applications and enterprise toolkits that can render 3D environments almost instantaneously, without the need for expensive hardware. In a press release, Verizon said products from this collaboration will address the demand for instantaneous content in industries such as gaming, retail, and sports, where emphasis is placed on real-time digital immersion. “We are entering an era of technology-led disruption where 5G and MEC will not only transform the full enterprise lifecycle, it will change the way consumers experience gaming and entertainment,” said Verizon Chief Executive Officer Tami Erwin. These products will utilise 5G and Mobile Edge Computing (MEC) technology, taking the best of both worlds to enhance the digital experience for consumers. The concept of edge computing has actually been around for roughly three decades, but it wasn't until recently that we've been able to apply it to Internet of Things (IoT) devices. Edge architecture reduces latency by moving computer services closer to the source — the "edges" — of the data. This not only decongests the centralised cloud of information, but also decreases the distance the data needs to cover to reach user terminals. Meanwhile, 5G is the highly anticipated next generation broadband network that promises to deliver high speeds with just millisecond latencies. Despite the pandemic, its rollout hasn’t slowed down at all, with countries like China, South Korea, and the US getting a first taste of the technology. The promise of lightning-fast connections, however, comes at a steep cost: 5G stations consume plenty of energy to work. Though much of 5G's advantages come from its streamlined digital routing capabilities, it's also underpinned by a powerful network of hardware components — more precisely, printed circuit boards (PCBs). To answer the demand for more energy, engineers use ties to meet PCB requirements for solving the challenges that come with powering a standard board. These include considerations like signal paths and planar delays, among others. Placing the net ties at the right junctions distributes energy more evenly, thus providing efficient power delivery to 5G networks. Despite all the touted capabilities of 5G, experts have flagged cybersecurity as one major concern. As a new innovation, 5G is still fairly unregulated, leaving loopholes and security gaps that cyber criminals can exploit. For instance, the expansion of bandwidth coverage actually opens up vulnerabilities and additional avenues for cyber attacks. Furthermore, the hyper connected nature of IoT devices makes it easier for hackers to gain access to different networks, both private and public; and unwitting users can potentially expose their contacts to virtual attackers. Because of these threats, experts urge telecom companies to lay down a solid bedrock for 5G security before finalising the pivot towards it. For now, it remains to be seen how legislators and regulators will implement standards to guide the public in its use of 5G. Amid this concern, Verizon and Unity are hopeful that their collaboration — and the marriage of 5G and MEC technology — will be a game changer in the gaming, retail, and entertainment industries. “We know the world is demanding high-speed, AAA content, whether it’s an educational augmented reality application or a robot running a simulation of a digital twin,” Unity Vice President for Solutions Ryan Peterson said. “5G is the key piece for us to facilitate these real-time 3D experiences broadly and to better meet the demands of the real-time economy.”

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Augmented Data Management: Its Importance and How it Transforms an Enterprise

Article | November 11, 2020

In the digital era, data is at the heart of an enterprise. So, managing the data has become the topmost priority of any organization today. As the data volume increases at a 10X rate, this data growth impacts many organizations in the form of the multiplication of in-company heterogeneous storages, remote sites, and cloud storages. This will require moving the data which results in time, infrastructure, and cost constraints. So, the need for a consolidated data management solution arises which uses AI automation to reduce time and infrastructure costs across the data value chain. As enterprises are increasingly standardizing on augmented analytics, it brings together two distinct worlds of data and analytics. This collision enhances interaction and collaboration between the two worlds shaping the associated paradigm in the market i.e. augmented data management. Augmented data management (ADM) utilizes AI/ML to automate manual data management tasks allowing highly skilled technical resources to focus on high-value tasks. According to Gartner, by 2022, data management manual tasks will be reduced by 45% through the addition of machine learning and automated service management.

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Spotlight

Payoda Technology Inc.

Payoda Technology Inc. is a Digital Transformation partner to Healthcare, Retail, Textiles and Manufacturing Industries. A leader in technology solutions and services, Payoda works with global businesses enabling them to be efficient, focused and innovative. With our expertise in End User Research, Human Centered Design, Product Design, Product Engineering and Analytics, we use cutting-edge methodologies to transform your business.

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Ampliphae, HPE Athonet and Arqit deliver Quantum-Safe Private 5G using Symmetric Key Agreement

PR Newswire | January 19, 2024

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Private 5G gives enterprises access to high-speed, massively scalable, and ultra-reliable wireless connectivity, allowing them to implement innovative IoT and mobile solutions that enhance productivity, drive automation and improve customer engagement. The security of these networks will be paramount as they will support safety-critical infrastructure and carry highly sensitive data. But like any new technology, 5G comes with potential new threats and security risks including the threat from quantum computing. The project finished in December 2023 and customer engagement has already begun. David Williams, Arqit Founder, Chairman and CEO said: “Enterprises want to deploy Private 5G networks with complete confidence that they will be safe from both current and future cyber threats including from quantum computers. Working alongside Ampliphae, we have shown that a quantum-safe Private 5G network is deliverable using Arqit’s unique encryption technology.” Trevor Graham, Ampliphae CEO said: “Private 5G can be hosted partly or completely in the Cloud, giving enterprises the opportunity to rapidly set up their own cellular networks customised to support their operations. With Ampliphae and Arqit they can now be certain that those Private 5G networks are monitored and secure against eavesdropping and disruption.” Nanda Menon, Senior Advisor Hewlett Packard Enterprise said: “In an era where security is paramount, the completion of the SEViN-5G project is a significant milestone. 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A graduate of the prestigious LORCA cyber accelerator in London, and the AWS European Defence Accelerator, Ampliphae’s technology is already used by enterprises across multiple verticals to discover, analyse and secure the network traffic that supports their key applications and business processes. Ampliphae’s Encryption Intelligence product operates at enterprise scale to discover devices and applications that use cryptography, analysing their encryption capabilities to detect risks, including assets that are vulnerable to future quantum computer attack. Using Encryption Intelligence, the organisation can gather effective operational intelligence about their encryption landscape, both within and outside the organisation, and build an effective mitigation program to address current and future vulnerabilities.

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Network Security

Cato Networks Introduces World's First SASE-based XDR

PR Newswire | January 25, 2024

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DISH Wireless Awarded $50 Million NTIA Grant for 5G Open RAN Integration and Deployment Center

PR Newswire | January 16, 2024

DISH Wireless, a subsidiary of EchoStar, was awarded a historic $50 million grant from the U.S. Department of Commerce's National Telecommunications and Information Administration (NTIA) to establish the Open RAN Center for Integration & Deployment (ORCID). ORCID will allow participants to test and validate their hardware and software solutions (RU, DU and CU) against a complete commercial-grade Open RAN network deployed by DISH. "The Open RAN Center for Integration and Deployment (ORCID) will serve a critical role in strengthening the global Open RAN ecosystem and building the next generation of wireless networks," said Charlie Ergen, co-founder and chairman, EchoStar. "By leveraging DISH's experience deploying the world's first standalone Open RAN 5G network, ORCID will be uniquely positioned to test and evaluate Open RAN interoperability, performance and security from domestic and international vendors. We appreciate NTIA's recognition of DISH and ORCID's role in driving Open RAN innovation and the Administration's ongoing commitment to U.S. leadership in wireless connectivity." To date, this grant represents NTIA's largest award under the Public Wireless Supply Chain Innovation Fund (Innovation Fund). ORCID will be housed in DISH's secure Cheyenne, Wyoming campus and will be supported by consortium partners Fujitsu, Mavenir and VMware by Broadcom and technology partners Analog Devices, ARM, Cisco, Dell Technologies, Intel, JMA Wireless, NVIDIA, Qualcomm and Samsung. NTIA Administrator Alan Davidson and Innovation Fund Director Amanda Toman will join EchoStar Co-Founder and Chairman Charlie Ergen, EchoStar CEO Hamid Akhavan, EVP and Chief Network Officer Marc Rouanne and other stakeholders to announce the grant and tour a DISH 5G Open RAN cell site later today in Las Vegas. During this event, DISH will outline ORCID's unique advantages, including that it will leverage DISH's experience as the only operator in the United States to commercially deploy a standalone Open RAN 5G network. DISH and its industry partners have validated Open RAN technology at scale across the country; today DISH's network covers over 246 million Americans nationwide. At ORCID, participants will be able to test and evaluate individual or multiple network elements to ensure Open RAN interoperability, performance and security, and contribute to the development, deployment and adoption of open and interoperable standards-based radio access networks. ORCID's "living laboratory" will drive the Open RAN ecosystem — from lab testing to commercial deployment. Below are highlights of ORCID: ORCID will combine both lab and field testing and evaluation activities. ORCID will be able to test elements brought by any qualified vendor against DISH's live, complete and commercial-grade Open RAN stack. ORCID will use DISH's spectrum holdings, a combination of low-, mid- and high-band frequencies, enabling field testing and evaluation. ORCID will evaluate Open RAN elements through mixing and matching with those of other vendors, rather than validating a single vendor's stack. DISH's experience in a multi-vendor environment will give ORCID unique insights about the integration of Open RAN into brownfield networks. ORCID's multi-tenant lab and field testing will occur in DISH's secure Cheyenne, Wyoming facility, which is already compliant with stringent security protocols in light of its satellite functions. About DISH Wireless DISH Wireless, a subsidiary of EchoStar Corporation (NASDAQ: SATS), is changing the way the world communicates with the Boost Wireless Network. In 2020, the company became a nationwide U.S. wireless carrier through the acquisition of Boost Mobile. The company continues to innovate in wireless, building the nation's first virtualized, Open RAN 5G broadband network, and is inclusive of the Boost Infinite, Boost Mobile and Gen Mobile wireless brands.

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Network Security

Ampliphae, HPE Athonet and Arqit deliver Quantum-Safe Private 5G using Symmetric Key Agreement

PR Newswire | January 19, 2024

Arqit Quantum Inc, a leader in quantum-safe encryption, and Ampliphae Ltd (Ampliphae), a leader in network cyber security solutions, have today announced successful completion of a project that will deliver enhanced quantum-safe security for Private 5G networks. The Security Enhanced Virtualised Networking for 5G (SEViN-5G) project, funded by Innovate UK, the UK Government’s innovation agency, leveraged Ampliphae’s network security analytics technology and Arqit’s Symmetric Key Agreement Platform to deliver a quantum-secure Private 5G testbed that can protect against both current and future cyber threats. Athonet, a Hewlett Packard Enterprise acquisition, provided the Radio Access Network (RAN) equipment for the project with a cloud core hosted on AWS. Private enterprise networks based on 5G cellular technology are accelerating digital transformation across industries including manufacturing, healthcare, defence and smart cities. Private 5G gives enterprises access to high-speed, massively scalable, and ultra-reliable wireless connectivity, allowing them to implement innovative IoT and mobile solutions that enhance productivity, drive automation and improve customer engagement. The security of these networks will be paramount as they will support safety-critical infrastructure and carry highly sensitive data. But like any new technology, 5G comes with potential new threats and security risks including the threat from quantum computing. The project finished in December 2023 and customer engagement has already begun. David Williams, Arqit Founder, Chairman and CEO said: “Enterprises want to deploy Private 5G networks with complete confidence that they will be safe from both current and future cyber threats including from quantum computers. Working alongside Ampliphae, we have shown that a quantum-safe Private 5G network is deliverable using Arqit’s unique encryption technology.” Trevor Graham, Ampliphae CEO said: “Private 5G can be hosted partly or completely in the Cloud, giving enterprises the opportunity to rapidly set up their own cellular networks customised to support their operations. With Ampliphae and Arqit they can now be certain that those Private 5G networks are monitored and secure against eavesdropping and disruption.” Nanda Menon, Senior Advisor Hewlett Packard Enterprise said: “In an era where security is paramount, the completion of the SEViN-5G project is a significant milestone. The delivery of a quantum-secure Private 5G testbed, achieved where Athonet have combined the Athonet core with CableFree radios, underscores the commitment to innovation and reinforces the confidence enterprises can have in deploying networks that are both cutting-edge and secure from both present and future threats.” About Arqit Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit) supplies a unique encryption Platform as a Service which makes the communications links of any networked device, cloud machine or data at rest secure against both current and future forms of attack on encryption – even from a quantum computer. Compliant with NSA standards, Arqit’s Symmetric Key Agreement Platform delivers a lightweight software agent that allows devices to create encryption keys locally in partnership with any number of other devices. The keys are computationally secure and operate over zero trust networks. It can create limitless volumes of keys with any group size and refresh rate and can regulate the secure entrance and exit of a device in a group. The agent is lightweight and will thus run on the smallest of end point devices. The Product sits within a growing portfolio of granted patents. It also works in a standards compliant manner which does not oblige customers to make a disruptive rip and replace of their technology. Recognised for groundbreaking innovation at the Institution of Engineering and Technology awards in 2023, Arqit has also won the Innovation in Cyber Award at the National Cyber Awards and Cyber Security Software Company of the Year Award at the Cyber Security Awards. Arqit is ISO 27001 Standard certified. www.arqit.uk About Ampliphae Ampliphae’s distributed network analytics technology provides insight into how networks are used to support enterprise operations at every level. A graduate of the prestigious LORCA cyber accelerator in London, and the AWS European Defence Accelerator, Ampliphae’s technology is already used by enterprises across multiple verticals to discover, analyse and secure the network traffic that supports their key applications and business processes. Ampliphae’s Encryption Intelligence product operates at enterprise scale to discover devices and applications that use cryptography, analysing their encryption capabilities to detect risks, including assets that are vulnerable to future quantum computer attack. Using Encryption Intelligence, the organisation can gather effective operational intelligence about their encryption landscape, both within and outside the organisation, and build an effective mitigation program to address current and future vulnerabilities.

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Network Security

Cato Networks Introduces World's First SASE-based XDR

PR Newswire | January 25, 2024

Cato Networks, the leader in SASE, announced the expansion of the Cato SASE Cloud platform into threat detection and incident response with Cato XDR, the world's first SASE-based, extended detection and response (XDR) solution. Available immediately, Cato XDR utilizes the functional and operational capabilities of the Cato SASE Cloud to overcome the protracted deployment times, limited data quality, and inadequate investigation and response experience too often associated with legacy XDR solutions. Cato also introduced Cato EPP, the first SASE-managed endpoint protection platform (EPP/EDR). Together, Cato XDR and Cato EPP mark the first expansion beyond the original SASE scope pioneered by Cato in 2016 and defined by industry analysts in 2019. SASE's security capabilities encompassed threat prevention and data protection in a common, easy-to-manage, and easy-to-adopt global platform. With today's announcement, Cato is expanding SASE into threat detection, incident response, and endpoint protection without compromising on the architectural elegance captured by the original SASE definition. "Cato SASE continues to be the antidote to security complexity," says Shlomo Kramer, CEO and co-founder of Cato Networks. "Today, we extend our one-of-a-kind SASE platform beyond threat prevention and into threat detection and response. Only Cato and our simple, automated, and elegant platform can streamline security this way." An early adopter of Cato XDR is Redner's Markets, an employee-owned supermarket chain headquartered in Reading, Pennsylvania, with 75 locations. Redner's Markets' vice president of IT and Infrastructure, Nick Hidalgo, said, "The Cato platform gave us better visibility, saved time on incident response, resolved application issues, and improved network performance ten-fold." (Read more about Redner's Markets and Cato in this blog. "The convergence of XDR and EPP into SASE is not just another product; it's a game-changer for the industry," said Art Nichols, CTO of Windstream Enterprise, a Cato partner. "The innovative integration of these capabilities brings together advanced threat detection, response capabilities, and endpoint security within a unified, cloud-native architecture—revolutionizing the way enterprises protect their networks and data against increasingly sophisticated cyber threats." (Read more about what Cato partners are saying about today's news in this blog.) Platform vs. Product: The Difference Matters Cato XDR takes full advantage of the enormous benefits of the Cato SASE Cloud platform, the first platform built from the ground up to enable enterprises to connect, secure, and manage sites, users, and cloud resources anywhere in the world. Unlike disjointed point solutions and security appliances, Cato capabilities are instantly on, always available at scale, and fully converged, giving IT teams a single, shared context worldwide to understand their networks, prevent threats, and resolve problems. As an autonomous platform, Cato SASE Cloud sustains its evolution, resiliency, optimal performance, and security posture, saving enterprises the operational overhead of maintaining enterprise infrastructure. Enterprises simply subscribe to Cato to meet their business needs. Cato's cloud-native model revolutionized security and networking operations when it was introduced in 2016, a fact validated three years later in 2019 when the Cato approach was formally recognized by the industry as SASE. Breach Times Still Too Long; Limitations of Legacy XDR Cato is again revolutionizing cybersecurity with the first SASE platform to expand into threat detection, empowering security teams to become smarter and remediate incidents faster. The flood of security alerts triggered by network sensors, such as firewalls and IPS, complicates threat identification. In 2023, enterprises required 204 days on average to identify breaches.1 XDR tools help security analysts close this gap by ingesting, correlating, and contextualizing threat intelligence information with the data from native and third-party sensors. However, legacy XDR tools suffer from numerous problems relating to data quality. Sensor deployment extends the time-to-value as IT must not only install the sensors but also develop a baseline of specific organizational activity for accurate assessments. Data quality is also compromised when importing and normalizing third-party sensor data, complicating threat identification and incident response. Security analysts waste time sorting through incident stories to identify the ones most critical for immediate remediation. Once determined, incident remediation is often hampered by missing information, requiring analysts to master and switch between disparate tools. No wonder in 2023, average breach containment required more than two months.1 Cato XDR and Cato EPP Expands the Meaning of SASE Cato XDR addresses legacy XDR's limitations. Instantly activated globally, Cato XDR provides enterprises with immediate insights into threats on their networks. Incident detection is accurate due to Cato's many native sensors – NGFW, advanced threat prevention (IPS, NGAM, and DNS Security), SWG, CASB, DLP, ZTNA, RBI, and now EPP/EDR. Powered by Bitdefender's world-leading malware prevention technology, Cato EPP protects endpoints from attack – in the Cato way. Endpoint threat and user data are stored in the same converged Cato data lake as the rest of the customer's network data, simplifying cross-domain event correlation. The result is incredibly high-quality data that improves the incident identification and remediation process. Cato AI uses the data to accurately identify and rank incidents, empowering analysts to focus critical resources on an organization's most important remediation cases. Cato AI is battle-tested and proven across years of threat hunting and remediation handling by Cato MDR service agents. Remediation times reduce as detected incident stories contain the relevant information for in-depth investigation. Cato's tools sit in the same console as the native engines, enabling security analysts to view everything in one place -- the current security policy and the reviewed story. Finally, incident reporting is simplified with generative AI. Purpose-built for investigations, this natural language engine provides human-readable explanations of incident stories. Analysts save time sharing incident information with other teams and reporting to their managers.

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Network Infrastructure

DISH Wireless Awarded $50 Million NTIA Grant for 5G Open RAN Integration and Deployment Center

PR Newswire | January 16, 2024

DISH Wireless, a subsidiary of EchoStar, was awarded a historic $50 million grant from the U.S. Department of Commerce's National Telecommunications and Information Administration (NTIA) to establish the Open RAN Center for Integration & Deployment (ORCID). ORCID will allow participants to test and validate their hardware and software solutions (RU, DU and CU) against a complete commercial-grade Open RAN network deployed by DISH. "The Open RAN Center for Integration and Deployment (ORCID) will serve a critical role in strengthening the global Open RAN ecosystem and building the next generation of wireless networks," said Charlie Ergen, co-founder and chairman, EchoStar. "By leveraging DISH's experience deploying the world's first standalone Open RAN 5G network, ORCID will be uniquely positioned to test and evaluate Open RAN interoperability, performance and security from domestic and international vendors. We appreciate NTIA's recognition of DISH and ORCID's role in driving Open RAN innovation and the Administration's ongoing commitment to U.S. leadership in wireless connectivity." To date, this grant represents NTIA's largest award under the Public Wireless Supply Chain Innovation Fund (Innovation Fund). ORCID will be housed in DISH's secure Cheyenne, Wyoming campus and will be supported by consortium partners Fujitsu, Mavenir and VMware by Broadcom and technology partners Analog Devices, ARM, Cisco, Dell Technologies, Intel, JMA Wireless, NVIDIA, Qualcomm and Samsung. NTIA Administrator Alan Davidson and Innovation Fund Director Amanda Toman will join EchoStar Co-Founder and Chairman Charlie Ergen, EchoStar CEO Hamid Akhavan, EVP and Chief Network Officer Marc Rouanne and other stakeholders to announce the grant and tour a DISH 5G Open RAN cell site later today in Las Vegas. During this event, DISH will outline ORCID's unique advantages, including that it will leverage DISH's experience as the only operator in the United States to commercially deploy a standalone Open RAN 5G network. DISH and its industry partners have validated Open RAN technology at scale across the country; today DISH's network covers over 246 million Americans nationwide. At ORCID, participants will be able to test and evaluate individual or multiple network elements to ensure Open RAN interoperability, performance and security, and contribute to the development, deployment and adoption of open and interoperable standards-based radio access networks. ORCID's "living laboratory" will drive the Open RAN ecosystem — from lab testing to commercial deployment. Below are highlights of ORCID: ORCID will combine both lab and field testing and evaluation activities. ORCID will be able to test elements brought by any qualified vendor against DISH's live, complete and commercial-grade Open RAN stack. ORCID will use DISH's spectrum holdings, a combination of low-, mid- and high-band frequencies, enabling field testing and evaluation. ORCID will evaluate Open RAN elements through mixing and matching with those of other vendors, rather than validating a single vendor's stack. DISH's experience in a multi-vendor environment will give ORCID unique insights about the integration of Open RAN into brownfield networks. ORCID's multi-tenant lab and field testing will occur in DISH's secure Cheyenne, Wyoming facility, which is already compliant with stringent security protocols in light of its satellite functions. About DISH Wireless DISH Wireless, a subsidiary of EchoStar Corporation (NASDAQ: SATS), is changing the way the world communicates with the Boost Wireless Network. In 2020, the company became a nationwide U.S. wireless carrier through the acquisition of Boost Mobile. The company continues to innovate in wireless, building the nation's first virtualized, Open RAN 5G broadband network, and is inclusive of the Boost Infinite, Boost Mobile and Gen Mobile wireless brands.

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Events