Telefónica, Vodafone and Others Join ETSI to Launch New Industry Specification Group on Blockchain

Telefónica, Vodafone and Others Join ETSI to Launch New Industry Specification Group on Blockchain Image Credit: LuckyStep48/Bigstockphoto.com

ETSI announced the creation of a new Industry Specification Group on Permissioned Distributed Ledger (ISG PDL).

The group will analyze and provide the foundations to operate permissioned distributed ledgers to be deployed across various industries and governmental institutions.

A blockchain is a growing list of records, called blocks, linked together with cryptography. By design, the data from a blockchain cannot be modified. It is an open distributed ledger that can record transactions between two parties in an efficient and secure manner. Distributed ledgers are mostly known for their use with cryptocurrencies such as bitcoin. However, they can also be used for digital identity attributes, object tracking, or the verification of service level agreements.

Distributed ledgers can be either permissionless (public) or permissioned (private). While permissionless ledgers are known by the general public through popular terms such as Bitcoin, permissioned distributed ledgers are better qualified to address the more business-oriented use cases that are of interest to Industry and governmental institutions.

The founding members of the Permissioned Distributed Ledgers group include Alastria, Ericsson, Huawei, Intel, Mineco, NEC, Telefónica, Vodafone. The updated list can be found on the ETSI Member Portal.

The new ETSI group will work on the challenges related to the operation of permissioned distributed ledgers, business use cases, functional architecture and solutions for the operation of permissioned distributed ledgers, including interfaces/APIs/protocols and information/data models as well as other topics. 

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

PREVIOUS POST

CenturyLink Offers Managed Palo Alto Firewalls with Advanced Threat Detection and Visibility

NEXT POST

Oculeus Targets Enterprises with New Cloud-based Telecoms Fraud Protection Service

THE EDITOR'S DESK

UPCOMING EVENTS

Artelligence 2019

Network Virtualization and SDN Asia

Network Virtualization & SDN Americas

Mobile 360 Digital Societies 2019

TADSummit 2019

MWC Los Angeles 2019

The Digitrans Forum 2019

 

ON TWITTER

ON FACEBOOK