Cogeco Peer 1 joins DigitalBits blockchain network

Cogeco Peer 1 joins DigitalBits blockchain network

Cloud provider Cogeco Peer 1 has joined a blockchain network operated by DigitalBits so that its customers can use the distributed blockchain technology.

The deal with enable Cogeco Peer 1 customers to take advantage of distributed ledger technology, in addition to its suite of cloud, hosting, managed services, colocation and connectivity services.

Bertrand Labelle, vice president of marketing and innovation for Cogeco Peer 1, said: “Companies that are implementing blockchain in their business processes can look to Cogeco Peer 1’s suite of hosting, managed and professional services and connectivity to ensure the security and stability these applications need to be effective.”

The DigitalBits blockchain network allows enterprises to tokenise assets such as loyalty points and rewards, make fast micro-payments and remittances, and perform cross-asset transfer and trading of value on-chain, said DigitalBits.

Al Burgio, founder and CEO of the DigitalBits Foundation, said: “We are looking forward to supporting Cogeco Peer 1 and their cloud and data centre customers, including enterprises and application service providers, with their use of this distributed ledger technology.”

Cogeco Peer 1 is a wholly-owned subsidiary of Montréal-based Cogeco Communications, which also owns Atlantic Broadband, a cable operator in 11 states in the eastern US. Cogeco Peer 1 provides products and services such as colocation, network connectivity, managed hosting, cloud services and managed services in North America and western Europe.

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