It’s an exciting time to be in the network architecture business. Though this sector of the telecom industry has resisted change in many ways for years, disruptive new technologies with incredible potential have cropped up recently – and they demand attention.
World Economic Forum predicts that by 2027 about 10% of the global GDP will be stored on blockchains. There’s no question it’s a disruptive dynamic that is being integrated and tested within many sectors, including healthcare, finance and telecom. A recent IBM survey found that 36% of communications service providers (CSPs) are considering or already engaged with blockchains. The full impact of the technology is yet to be known. Silicon Valley investor Marc Andreessen has said that blockchain is “one of the most fundamental inventions in the history of computer science.”
Cloud architecture serves as the basic underpinning of blockchain and as such, carriers and service providers will be looking for ways to integrate and further implement the cloud across their global bandwidth architectures. Companies such as The Sphere that operate private, encrypted blockchain ecosystems will allow organizations to run secure cloud environments, leading to the industry seeing more collaboration among the cloud giants and global telecoms.
These ecosystems are one major factor in the growing trend of industry and network consolidation, which will help to optimize global infrastructure, streamline operations and serve industry players at large. From network architecture to routing and billing consolidation, this merging of resources will reduce OpEx and latency while improving call quality.
And it might sound counterintuitive at first, but carriers can in fact achieve higher QoS on the cloud than they can across their own private networks. The secret is to strategically leverage the latest tech advancements, such as machine learning, best-in-breed hybrid clouds, blockchain-based platforms, globally distributed networks and edge-to-edge routing. These new technologies unlock the cloud’s potential, enabling carriers to optimize call performance, handle the vast amounts of traffic traversing the global market and break away from traditional ways of delivering calls globally.
So, as we head into 2019, it’s the perfect time for telcos worldwide to reconsider their traditional network environments. Could your customers benefit from the latest proven technological advancements?