This positions OpenCT as one of the first blockchain players within the world of telco and places them in direct line with NJFX's customers. As a highly interconnected hub, NJFX is an ideal location for firms to leverage OpenCryptoTrust solutions.
"NJFX represents one of the most significant cable landing systems with worldwide access, to ever cross the Atlantic," said Mayande Walker, CEO for OpenCT.
"We are proud to be a part of the NJFX CLS colocation campus that will further our goal to make New Jersey one of our main strategic access points in the US blockchain ecosystem and will serve as a major interconnection for global communications."
OpenCT claims that it has achieved a solution which telco industry analysts have described as "the Holy Grail application/service for carrier services" - real-time bandwidth usage billing. This is facilitated through “two ground-breaking functions” (predictive real-time provisioning and smart contracts) that ultimately support enterprise bandwidth-on-demand. In addition, customers will be able to dynamically scale up or 'burst' connectivity during times of peak demand. OpenCT, which is using blockchain technology in an entirely new way to support modern telecommunication services, says enterprise customers have never had the ability to pay for actual bandwidth usage - this innovation means there will be no more inefficient long-term leases.
It has modified the blockchain protocol itself to support ultra-secure data transport - and superior management overlay. Through smart contracts on its own hybrid blockchain there is the ability for strategic carrier partners to offer their large-scale enterprise customers a new way to pay for bandwidth.
Through advanced optical switches that monitor application traffic requirements, OpenCT can use predictive measures to establish and tear down dense wave division multiplexing (DWDM) lambdas against trans-Atlantic/trans-Pacific circuits (in fact all optical-based circuits) - supporting near real-time provisioning and decommissioning, especially the high costs incurred due to expensive transoceanic links.
Roy Hilliard, VP of business development for NJFX, added: "Global interconnection is exactly what NJFX provides as the first and only cable landing station colocation campus in the United States. NJFX sees the partnership as a logical extension to the NJFX hub of services that our service provider clients provide and that enterprises are looking for, as a way to efficiently and securely enable critical applications."
