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Accelerating Blockchain adoption with Interconnection Bandwidth

blockchain technology market

5 Industries & Activities that can benefit from Blockchain Technology leveraged with Interconnection Bandwidth

July 3rd, 2019 Interconnection Bandwidth

As Blockchain technology opens the gateway to the next generation of digital transformation in information and communications technology and impacts industries across almost every economy, expect reduced business operational costs, improved profitability, agility, and efficiency.

With blockchain technology already streamlining the technology and manufacturing industry, the hospitality industry, logistics and transport, retail, and other sectors such as startups, an increasing number of organizations are putting in place interconnection bandwidth to support blockchains in providing the scalability, security, and speed needed for all parties to collaborate.

What is blockchain technology?

A blockchain is a decentralized digital database which allows sharing information to become more secure and wholly transparent. These decentralized data assets allow data management to become highly available, autonomous and feature peer to peer tamperproof resistance that blockchain technology supports. With interconnection bandwidth capacity increasingly crucial to blockchain operations, Voiped Telecom enables institutions to maximize their ability to leverage performance, scalability, and security when performing critical data exchanges such as blockchain.

interconnection bandwidth

The rapid growth of Interconnection Bandwidth

Standard bandwidth is a metric that measures how much data can be sent over a network. Interconnection bandwidth is a measure of the total capacity to privately transfer traffic via direct carrier-neutral interconnections at distributed traffic exchange points hosted at Voiped Telecom colocation data centers.

Our partner Interxion, a European data center provider of carrier and cloud-neutral colocation are strategically positioned in the European interconnection hub of Madrid to support the growing demand for interconnection bandwidth for companies that need to deliver digital services in vertical markets outside of Europe.

The breakthrough of Interconnection Bandwidth to all blockchain economies

From the financial world to the energy sector, blockchain technology-driven by interconnection bandwidth is helping to revolutionize numerous industries which is why the outlook is so promising across the globe. The breakthrough of blockchain technologies across global markets is demonstrated by the large number of start-ups that are developing blockchain-based applications.

Interconnection bandwidth in retail

Transactions recorded in a blockchain system are tamper-proof and this goes a long way in enhancing the sophistication of tracking and locating stolen goods, counterfeiting, and protecting consumers and sellers from fraudulent transactions.

Interconnection bandwidth in travel and hospitality

Blockchain technology leveraged with interconnection bandwidth enables a secure data source for consumers for flexible inventory management with information such as available accommodation, prices, and previously completed purchases, in addition to increased transaction security and reduced management system costs.

Interconnection bandwidth in music production

Spotify, the market leader for music streaming, who are seeking to capitalize on the new technology since the purchase of a blockchain start-up in April 2017. Spotify's endeavor will allow composers and copyright holders greater certainty with features such as being able to see at any time who plays their music and how often. The musician would then receive any fees due straight from users invariably making the record companies, music agencies or banks obsolete.

Interconnection bandwidth in the energy sector

A survey conducted by the German Energy Agency show sees one tangible scenario of blockchain technology leveraged with interconnection bandwidth as having the potential to produce and sell electricity from renewable sources without having to involve an electricity company, a major topic in the energy sector and this also guarantees transparent quick billing.

Interconnection bandwidth in the logistics sector

With a solution based on blockchain technology, the Port of Rotterdam is taking part in an initiative which involves trialing solutions for tracking container freight more transparently, reliably and more cost-effectively. The vision: to reduce fraud and errors by eliminating the passing of analog freight papers back and forth, a process which is both complex and expensive.

Blockchain technology leveraged by interconnection bandwidth can revolutionize the overall domain of trust and transaction in unprecedented ways enabling extraordinary levels of efficiency, and this isn't isolated to the private sector, German and international universities are also moving up research into the new technology. “Numerous blockchain infrastructure systems now exist – along with the first service models from established ITC providers,” said Bitkom blockchain expert Marco Liesenjohann.