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Press Release -- November 12th, 2018
Source: njfx, openct
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Blockchain startup OpenCryptoTrust Signs Deal with NJFX, Tier 3 Carrier Neutral Cable Landing Station Campus

ZUG, SWITZERLAND, November 12, 2018

OpenCryptoTrust (OpenCT) has announced a five-year commitment at NJFX, the only CLS colocation campus in the U.S. offering Tier 3, carrier neutral data center capabilities, to support its blockchain-based telco infrastructure in the domestic and international markets.

This positions OpenCT as one of the first blockchain players within the world of telco and places them in direct line with prestigious NJFX’s customers. As a highly interconnected hub, NJFX is an ideal location for firms to leverage OpenCryptoTrust solutions.

“NJFX represents one of the most significant cable landing systems with worldwide access, to ever cross the Atlantic,” comments Mayande Walker, CEO for OpenCT. “We are proud to be a part of the NJFX CLS colocation campus that will further our goal to make New Jersey one of our main strategic access points in the U.S. blockchain ecosystem and will serve as a major interconnection for global communications.”

“Global interconnection is exactly what NJFX provides as the first and only cable landing station colocation campus in the United States,” states Roy Hilliard, VP of Business Development for NJFX. “NJFX sees the partnership as a logical extension to the NJFX hub of services that our service provider clients provide and that enterprises are looking for as a way to efficiently and securely enable critical applications.”

OpenCT has achieved a solution which telco industry analysts have described as "the Holy Grail application/service for carrier services" – real-time bandwidth usage billing. This is facilitated thru two ground-breaking functions (predictive real time provisioning and smart contracts) that ultimately support enterprise bandwidth-on-demand. In addition, customers will be able to dynamically scale up or ‘burst’ connectivity during times of peak demand. Enterprise customers have never had the ability to pay for actual bandwidth usage – this innovation means no more inefficient long-term leases.

OpenCT is using blockchain technology in an entirely new way to support modern telecommunication services. They have modified the blockchain protocol itself to support ultra-secure data transport – and superior management overlay. Through smart contracts (on their own hybrid blockchain) there is the ability for strategic carrier partners to offer their large-scale enterprise customers a new way to pay for bandwidth.

Through advanced optical switches that monitor application traffic requirements, OpenCT can use predictive measures to establish and tear down Dense Wave Division Multiplexing (DWDM) lambdas against transatlantic/transpacific circuits (in fact all optical-based circuits) – supporting near real time provisioning and decommissioning, especially the high costs incurred due to expensive transoceanic links.

Notes to the Editor

NJFX (New Jersey Fiber Exchange) owns and operates a 64,800 square foot purpose-built Tier 3 CLS Colocation facility and 58-acre campus in Wall, NJ. This unique campus is supported by several route-independent carriers that offer direct access to multiple independent subsea cable systems interconnecting North America, Europe, South America and the Caribbean. High and low-density colocation solutions are available with 24/7 support. NJFX, along with its carrier ecosystem, provide a marketplace offering flexibility, reliability and security that global carriers, content providers, and enterprise/government entities utilize to drive network reliability, while reducing expenses. Located at the United States’ easternmost edge, the NJFX CLS supports diverse connectivity options and offers direct interconnection at the Cable Landing Station without recurring cross-connect fees.

OpenCryptoTrust (OpenCT) is a robust, high performance, hybrid blockchain that enables innovative solutions. OpenCT is challenging the current characterization and standardization of the functions within the telecommunications industry.

OpenCT has modified the blockchain protocol itself to support ultra-secure data transport – and superior management overlay. It has also developed two ‘killer applications’ that solve immediate problems and offer significant cost savings for telco carrier enterprise customers.

BaaT (Blockchain-as-a-Transport) transforms the use of the public internet for inexpensive, secure, enterprise-grade, data communications at significant cost reduction from private circuits.

BD-WAN (Blockchain Defined Wide Area Networking) modernizes existing pricing strategies for bandwidth – supporting ‘bandwidth on demand’ for private optical-based circuits - the ability to charge customers for the bandwidth they use. Additionally, this product is superior to existing SD-WAN solutions – in terms of security, MPLS and/or cloud routing and interoperability.

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