{"id":12981,"date":"2019-06-23T09:00:57","date_gmt":"2019-06-23T09:00:57","guid":{"rendered":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/?p=12981"},"modified":"2022-10-14T18:28:43","modified_gmt":"2022-10-14T22:28:43","slug":"tomia-introduces-new-blockchain-settlement-platform-powered-by-microsoft-azure","status":"publish","type":"post","link":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/blockchain\/tomia-introduces-new-blockchain-settlement-platform-powered-by-microsoft-azure.html","title":{"rendered":"TOMIA Introduces New Blockchain Settlement Platform Powered by Microsoft Azure"},"content":{"rendered":"\n

Since The Blockchain Event<\/a> launched in 2016, the industry has been in search of the killer app beyond Bitcoin and crypto in general.<\/p>\n\n\n\n

Our last event was very exciting because there was less of a crypto focus and more of a business use case.<\/p>\n\n\n\n

Since the early days, we have seen shipping and logistics as an area for blockchain growth. IBM has been very active here working with Maersk<\/a> and Walmart<\/a>.<\/p>\n\n\n\n

Still, assuming regulators allow it to move forward, Facebook’s Libra cryptocurrency<\/a> could also function as a blockchain killer app.<\/p>\n\n\n\n

Telecom is another big area ripe for blockchain disruption. Case in point…<\/p>\n\n\n\n

TOMIA today announced a new optimized blockchain based solution to the telecoms market. This solution will extend TOMIA\u2019s market-leading solutions for the inter-carrier market to include blockchain-based settlements across the interconnect and roaming ecosystems.<\/p>\n\n\n\n

500 people strong, TOMIA was formed from the merger of Starhome Mach and Telarix, industry veterans in Roaming and Interconnect. TOMIA offers transformative connectivity solutions to service providers worldwide. Its innovative offering enables customers to manage a unified optimization process of both roaming and interconnect while driving the future of connectivity through new technologies and services such as VoLTE, NFV, and 5G. <\/p>\n\n\n\n

TOMIA has been seeing rapid\nchange associated with the digital transformation of the telecoms market that\nis driving settlement optimization. The new solution from TOMIA will change the\nway settlement and dispute management is handled in both the interconnect and\nroaming worlds.<\/p>\n\n\n\n

To provide a fully\ncomprehensive solution, TOMIA is joining forces with leading blockchain\nplatforms and experts including Microsoft and its Azure Blockchain Service,\nKPMG and R3. The new platform will be built on R3\u2019s Corda.<\/p>\n\n\n\n

\"\"
Marco Limena, CEO of TOMIA <\/figcaption><\/figure><\/div>\n\n\n\n

Marco Limena, CEO of TOMIA said, \u201cWe are privileged to work with Microsoft, the leading enabler of digital transformation. This is a testament to the unmatched value of our technology innovation, as well as to our strong record of 25 years in delivering premier services, consistently meeting performance targets, and our market-leading expertise in roaming and interconnect.\u201d <\/p>\n\n\n\n

I interviewed<\/a> Marco over a decade ago when he became CEO of Sylantro Systems which was purchased by competitor Broadsoft which was purchased by Cisco.<\/p>\n\n\n\n

\u201cMicrosoft Azure and Azure\nBlockchain Service helps TOMIA deliver solutions that allow communication\nservice providers to focus more on their customers\u2019 experience and less on\nmanaging servers and daily operations,\u201d said Marc Mercuri, Principal Program\nManager, Blockchain Engineering at Microsoft Corp. \u201cThe Blockchain Settlement\nsolution addresses a variety of issues related to the telecommunication\nindustry and allows CSPs to take advantage of the flexibility and\nenterprise-grade reliability that Azure provides.”<\/p>\n\n\n\n

“Blockchain has the\npotential to deliver transparency and visibility, providing the opportunity to\nhelp reduce reconciliations and increase efficiencies associated with\ntraditional interconnect billing, roaming and partner settlement processes.\nKPMG is pleased to be working with TOMIA”, said Arun Ghosh, KPMG’s\nNational Blockchain leader.<\/p>\n\n\n\n

\"\"
The companies involved in this news<\/figcaption><\/figure>\n\n\n\n

David E. Rutter, CEO of R3, said, \u201cAs the telecoms market becomes increasingly digitized, there is a significant opportunity to improve the efficiency of settlement and dispute management processes, saving time and costs. We think the Corda blockchain, with its focus on security, scalability and performance for enterprise use, provides the ideal technology platform for developing new solutions. We\u2019re excited to be engaging with some of the industry\u2019s most experienced and accomplished names, TOMIA, KPMG and Microsoft, to work on this project.\u201d<\/p>\n\n\n\n

Blockchain is a natural technology for telecom settlement – it is secure and immutable. We are impressed with this initiative between Tomia, Microsoft, KPMG and R3.<\/p>\n\n\n\n

Learn about the latest in everything you need! Blockchain<\/a>, UCaaS, the Channel<\/a>, IT, IOT, Edge<\/a>, Cybersecurity, AI, SD-WAN<\/a>, and the Future of Work<\/a> at the world\u2019s only SD-WAN Expo<\/a> and MSP Expo<\/a><\/strong>, part of the <\/em>ITEXPO<\/a><\/em><\/strong> #TechSuperShow, Feb 12-14, 2020 Fort Lauderdale, FL.<\/em><\/p>\n\n\n\n

\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

Since The Blockchain Event launched in 2016, the industry has been in search of the killer app beyond Bitcoin and crypto in general. Our last event was very exciting because there was less of a crypto focus and more of a business use case. Since the early days, we have seen shipping and logistics as<\/p>\n","protected":false},"author":44,"featured_media":12983,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[165],"tags":[2021,1867,1738,284,2120],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts\/12981"}],"collection":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/comments?post=12981"}],"version-history":[{"count":5,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts\/12981\/revisions"}],"predecessor-version":[{"id":13005,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts\/12981\/revisions\/13005"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/media\/12983"}],"wp:attachment":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/media?parent=12981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/categories?post=12981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/tags?post=12981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}