NANJING, China, Jan. 26,
2020 /PRNewswire/ -- TM Forum has announced today that
the "Blockchain-based 5G Collaboration Economy," of which Whale
Cloud is a key participant has won the "Outstanding Contribution of
TM Forum Assets" award. The award recognizes the projects that have
provided the best collaboration learnings for the benefit of all TM
Forum members. Whale Cloud contributed to the implementation of
this project as a foundation code base for Blockchain-based
innovations.
The Catalyst is championed by China's top mobile operators, China Unicom and
China Telecom, with the contribution from Whale Cloud, IBM and
CAICT (China Academy of Information and Communications Technology).
The project showcases the 5G network infrastructure co-building and
sharing between China Unicom and China Telecom to offset the huge
gaps between capital investments and gain profits for the rollout
of 5G network. Whale Cloud contributed to this project by providing
a blockchain-based solution to optimize the complex business
processes among multiple parties. In this catalyst, blockchain
technology will facilitate 5G network data sharing, optimizes
co-building and sharing business processes. It is estimated that
China Unicom and China Telecom can save around 45 billion USD in Capex, and the business process
efficiency can increase by 70%.
"We are delighted to receive this award from TM Forum. We
believe the winning of the 5G economy is not the technology itself,
but in using the right business model to collaborate with multiple
parties. The Catalyst will accelerate the promotion of 5G and
Blockchain technology in China and
globally, as well as the technology adoption and maturity for
Blockchain in the telco industry," said Fu Jianjun, Chief Marketing
Officer of Whale Cloud International.
"Congratulations to the winning team who have made a huge
contribution to the benefit of all TM Forum members. The team made
important contributions, including a reference implementation with
working code. The Collaborative Economy methodology could solve the
challenges arisen in the high 5G network rollout investment, which
will potentially solve today's industry challenges. Thanks
again for all your efforts and commitment to the Catalyst program,"
said Andy Tiller, Executive Vice
President, TM Forum.