Enterprise Mobility, Mobile Infrastructure
Article | June 16, 2023
Coronavirus (COVID-19) has been relentlessly spreading across the world. Countless events, both international and domestic, big and small, have been either postponed or canceled due to the ongoing pandemic. This was supposed to be the year the 5G network rollout would make the technology mainstream and widely available. But the much-anticipated rollout of the lightning-quick 5G network may now be in the slow lane. Because of the increasing spread of the disease in many European countries, various 5G network spectrum regulators have postponed the long-awaited auction of the 5G spectrum. These auctions were crucial for network providers to launch or expand the already existing 5G network systems.
Read More
Enterprise Mobility
Article | June 15, 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.”
Read More
Data Center Networking
Article | July 5, 2023
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.
Read More
Article | June 30, 2021
Although the cause is as yet unknown, this breach is likely to have the same culprit as most large scale data breaches that have occurred in recent memory, through a simple misconfiguration of a server or shared repository. As the sheer size, scale, and footprint of global technology vendors like Microsoft, Facebook, Google, and so on continues to grow, so too does the opportunity for simple errors to make their way into some infrastructure configurations that can then be exploited.
Read More