Nokia and Clear develop optical networking services using blockchain
Blockchain-based settlement developer, Clear has formed a partnership with global technology vendor, Nokia.
Together the two will collaborate as part of Nokia’s WaveHub ecosystem initiative to improve the way the telecom’s industry delivers services through automated solutions.
The Nokia Optical Networking solution enables service providers to build smarter, more automated networks that streamline the delivery of services throughout the optical services value chain.
Combined with Clear’s automated contracting, settlement, and post-trade activities, providers will now be able to accelerate services deployment throughout this value chain.
“This partnership with Nokia, a long-standing leader in the development and deployment of optical networking solutions, is a significant milestone in Clear’s focus on transforming B2B trade within the industry,” said Eran Haggiag (pictured), co-founder and executive chairman of Clear.
“By providing an ecosystem for more efficient, transparent clearing and settlement processes through bespoke blockchain-based solutions, telecoms players will be better supported to bring users the best experience when it comes to exciting new innovations, such as 5G networks.”
Specifically, the two are working to automate the optical services lifecycle by combining Clear’s solution with Nokia’s WaveSuite Service Enablement software applications that allow service providers to rapidly virtualise and monetise their optical infrastructure.
As part of the partnership, Clear is featured on Nokia’s WaveHub Marketplace, a digital store of solution and services. As such, customers to learn more about Clear's blockchain-based clearing and settlement services.
“Nokia’s collaboration with Clear further enables the automation of the selling and fulfillment processes for optical connectivity services,” added Robert Marson, WaveHub Ecosystem Lead at Nokia.
“Our partnership also streamlines the contract and settlement processes for WaveSuite Service Enablement customers.”
This news follows a number of strategic partnerships from including successful trials with Deutsche Telekom, Telefónica, and Vodafone announced back in October 2019. The trials could deliver instantaneous and frictionless commercial roaming processes between hundreds of mobile operators around the globe.