Colt Technology Services and Zeetta Networks will take the wraps off of a marketplace blockchain proof-of-concept (PoC) demo at MEF18 later this month.​

The goal of the PoC is to show that carriers can buy and sell their network services in a secure marketplace, which in turn will lower the cost of business-to-business transactions. By proving that blockchain is a valid technology for conducting business transactions, service providers can increase the efficiencies of those deals while growing the blockchain marketplace. 

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.