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PCCW is a leading international telecommunications service provider and owner of one of the largest fully-meshed IP backbone networks, reaching more than 400 cities worldwide across over 600,000 km of fiber.
PCCW Global has agreed to use NOIA, Syntropy’s ERC-20 utility token, for payment of bandwidth transactions ahead of the launch of the Open Bandwidth Exchange (OBX).
Using $NOIA, Web3 application developers, network infrastructure engineers, and technical application owners can purchase network services on-demand through an API.
Benefits delivered by Syntropy
PCCW partnership represents major step forward for Bandwidth on Demand
Up until now, network operators have been unable to generate revenue from underutilized links across their network. Syntropy and PCCW Global’s partnership represents a major step forward towards establishing an industry standard settlement layer for bandwidth on demand.
Using $NOIA, Web3 application developers, network infrastructure engineers, and technical application owners can purchase network services on-demand through an API. Transparent usage based pricing marks a fundamental shift towards Web3 and away from legacy business models that create market inefficiencies.
Syntropy’s technology is one of the few use cases of Web3 that has true utility and widespread enterprise use cases for its token. OBX and NOIA are unlocking previously untapped bandwidth potential to prepare the internet for the demands of VR, AR and the metaverse. The infrastructure built by PCCW Global will become a key part of Syntropy’s OBX allowing companies ability to purchase bandwidth on-demand in the fastest, most cost effective way.
This partnership marks a tectonic shift as major enterprises begin adopting blockchain-based solutions and realize their immense potential. By joining forces with PCCW to build the Open Bandwidth Exchange we will dramatically improve the public internet, enabling businesses to get the fastest, most reliable paths between their data centers.
I’ve been following Syntropy for the last 18 months and am very impressed with their technology and the value they are creating in our industry. We are excited to partner with Syntropy and deploy DARP relay nodes across our network. This partnership allows us to provide Syntropy clients with best-in-class bandwidth on-demand and increase monetization of the infrastructure we have built.