Global Blockchain Min­ing cheers Amm­brTech part­ner­ship

Stockwatch Daily - - TECHNOLOGY & TELECOM - Mr. Shi­dan Gouran re­ports

U.S.-BASED AMM­BRTECH Inc., which de­vel­ops and man­u­fac­tures the suite of blockchain-driven wireless mesh routers for Ammbr Foun­da­tion Pte. Ltd., has part­nered with Smart­ware Tech­nolo­gies Pvt. Ltd. for de­ploy­ment of Ammbr routers and Ammbr’s blockchain mi­cro­pay­ment ar­chi­tec­ture to un­der­pin a li­censed fran­chise model for voice, data and con­tent de­liv­ery across In­dia. Smart­ware is a Class A li­censed Pan-In­dian In­ter­net ser­vice provider, based out of Mum­bai. Global Blockchain Min­ing Corp. first an­nounced its part­ner­ship with Ammbr in Oc­to­ber of 2018, for the de­vel­op­ment of its blockchain-based net­work, and this part­ner­ship fore­shad­ows favourable near-term de­vel­op­ments for Global Blockchain Min­ing share­hold­ers.

Smart­ware’s chief tech­nol­ogy of­fi­cer high­lighted the mar­ket im­per­a­tives of In­dia, com­ment­ing: “Vast geo­graph­i­cal dis­tances, di­ver­sity of de­ploy­ments from mas­sive, densely pop­u­lated cities to ru­ral vil­lages and the full spec­trum of so­cio-eco­nomic en­vi­ron­ments can be daunt­ing and costly for any sin­gle op­er­a­tor of a tele­com net­work. Ammbr tech­nol­ogy al­lows us to har­ness this di­ver­sity and eas­ily part­ner with fran­chisees that know their spe­cific lo­cal mar­kets. Ul­ti­mately, this will prove our ap­proach to be highly sus­tain­able in terms of fi­nan­cial, tech­ni­cal and so­cial fac­tors.”

Smart­ware plans to op­er­ate a na­tional net­work in­fra­struc­ture and has ac­cess to ad­di­tional in­fra­struc­ture through its ex­ten­sive part­ner net­work. This in­cludes net­work op­er­a­tions cen­tres (NOCs), fi­bre op­tic net­works, In­ter­net ex­changes (IXs) and points of pres­ence (PoPs). Its aim is to rapidly de­ploy last-mile in­fra­struc­ture to ser­vice govern­ment, en­ter­prise and re­tail cus­tomers, uti­liz­ing its na­tional back­haul ca­pac­ity and its ac­cess to in­ter­na­tional sub­sea fi­bre net­works.

The first de­ploy­ments of Ammbr tech­nol­ogy will be in 53 Tier 1 and Tier 2 cities and 15,000 vil­lages in the Ma­ha­rash­tra prov­ince of In­dia, for which Smart­ware has been se­lected to pro­vide ser­vices to cor­po­rate and govern­ment clients. An ex­ten­sive re­quire­ment anal­y­sis and plan­ning phase will cul­mi­nate in the ini­tial roll­out for mid-2019 and scal­ing up through 2020.

“We will es­tab­lish lo­cal man­u­fac­tur­ing of Ammbr de­vices in or­der to serve the an­tic­i­pated mar­ket vol­umes and meet lo­cal con­tent re­quire­ments from some cus­tom ers,” said Ku­mar Subra­ma­nian, chair­man of Amm­brTech In dia, an Amm­brTech sub­sidiary.

Der­ick Smith, chief ex­ec­u­tive of­fi­cer of Amm­brTech, added, “The low cap­i­tal ex­pen­di­ture and op­er­at­ing ex­pen­di­ture propo­si­tion of our so­lu­tions drives down the costs of in­fra­struc­ture de­ploy­ment an d al lows mul ti ple busi­ness en­ti­ties to seam­lessly in­ter­op­er­ate in what ef­fec­tively is an in­clu­sive mar­ket­place for broad­band con­nec­tiv­ity.”

Simon Dit­ner, who is the chief tech­nol­o­gist of­fi­cer at Global Blockchain Min­ing, added: “This deal with Smart­ware is great for Ammbr. It will re­sult in a level of net­work adop­tion that most wireless mesh net­works haven’t been able to at­tain to date. This will also be one of the most prom­i­nent-use cases of blockchain tech­nol­ogy. Our team at FORK is thrilled to have helped to bring it to fruition, with many more ground­break­ing blockchain projects in the pipe­line.”

We seek Safe Har­bor.

Erika Flores con­densed this news re­lease ([email protected]­

Peter Mor­gan McCague, Steven Ner­ay­off, Brendan Purdy, Jo­hannes P M van der Linde

(FORK) Shares: 549,708,933

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.