Spanish telecoms giant Telefónica plans to offer blockchain solutions to the business market. Three months ago it announced it was setting up a network for 64 Spanish business and science parks.
Yesterday, the telecoms company and UK blockchain startup
Ocyan announced a commercial deal where the startup will provide the infrastructure layer for Telefónica’s TrustOS. The agreement comes in conjunction with a pre-seed investment round led by
QVentures and joined by
Wayra UK, Telefónica’s open innovation arm.
Ocyan provides a “cloud operating system” that deploys required infrastructure, automation, monitoring, security and data integration components to run a blockchain network. It acts as middleware, for enabling the integration of current business infrastructure with blockchain solutions. And because it sits in the middle, it supports a variety of blockchain protocols.
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