AT&T announced a suite of blockchain-based services designed to help its enterprise customers cut costs and speed automation processes.  

By creating virtual ledgers, enterprises will be able to track and manage information across various parties in a value chain. Blockchain, which was developed for bitcoin, is a digitized, distributed ledger that tracks transactions as statements of facts that can be used in a digital economy by businesses, regulators, operators and consumers.  

Blockchain creates a shared ecosystem across parties to exchange information in a way that grants permission and is highly secure. AT&T has paired its blockchain offerings with its edge-to-edge capabilities to get the services closer to the end users.  

AT&T also said it was using its internet of things (IoT) solutions to add automation into the blockchain services while also providing monitoring capabilities.