Market Overview

Industry Leaders Unite to Deliver Proof of Concept for Speedy Commercial Interactions & Settlements Using Blockchain Technologies

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Service providers CBCcom, PCCW Global, Sparkle and Tata Communications,
together with technology vendors Clear
Blockchain Technologies
and Cataworx, have joined forces to create a
Proof of Concept (PoC) designed to show how Telcos can introduce
next-generation services such as IoT, VR and cloud in record speed,
thanks to innovations in blockchain technology, artificial intelligence
and intent-based customer interfaces. The PoC will be demonstrated
between the 29th and 31st of October 2018 at the
MEF18 global networking event (MEF18event.com) in Los Angeles,
California.

New technologies, such as IoT, VR, autonomous cars and cloud, are
driving user demand for higher capacity, agile bandwidth, lower latency
and a guaranteed quality of service. While certain carriers and mobile
operators have already developed capabilities for delivering on-demand
services on their own network and infrastructure, inter-carrier
operations are currently still managed manually as the BSS and OSS
systems are not geared to offer automation of inter-carrier operations.
On the operational side, the reasons include lack of a common language,
use of disparate information and data models and misalignment of
processes. On the commercial side, reasons include limited support of
usage-based performance metrics and billing and settlement involving
multi-party, multi-dimensional products. The PoC demonstrates a solution
to both challenges.

The Bandwidth-on-Demand PoC will demonstrate the power and viability of
a synchronized and decentralized global supply chain for inter-carrier
bandwidth-on-demand services. As a result, carriers can automatically
discover, quote, deliver and settle multi-product, multi-party services,
eliminating reliance on a centralized intermediating party.

Cataworx will demonstrate LSO Sonata inter-carrier quoting solutions and
LSO Cantata intent interfaces, enabling customers to rapidly discover
and order services that span across multiple carrier networks. Clear
will demonstrate LSO Sonata blockchain-based billing and settlement
enabling carriers to bill for guaranteed network capacity on-demand,
thus unlocking new revenue streams based on existing network
infrastructure. Service providers CBCcom, PCCW Global, Sparkle and Tata
Communications represent a multi-carrier interconnected network
environment.

The PoC uses MEF LSO Cantata and Sonata inter-carrier interfaces for
automation of bandwidth-on-demand product discovery, service eligibility
verification, quote, order and blockchain-based settlement of services
that are delivered across automated, virtualized and interconnected
networks in accordance with the MEF LSO framework. In the PoC, customers
state their intent via the bot-based Cataworx Community Portal. Off-net
quotes are then exchanged across a MEF LSO Sonata Interface Reference
Point as product offerings are discovered across any number of carriers.
Orders are encoded in smart contracts and services are automatically
settled, including provisions for SLA, using private and shared
blockchain interactions.

The commercial solution, provided by Clear, involves automated
multiparty inter-carrier blockchain-based invoicing, payments, dispute
resolution, SLA based remedies and settling. The process eliminates
manual, labor intensive and time-consuming elements of settlement,
invoicing and clearing, accelerates quoting and invoicing and enables
synchronized inter-carrier usage-based billing. With the elimination of
a centralized orchestrator, neighboring carriers can transact directly,
flexibly and automatically without revealing any sensitive commercial or
operational information to a third party. This creates an equal-level
bandwidth-on-demand play-field enabling any carrier to participate in
the next wave of service innovation, based on their footprint and
carrier-relations assets, free of vendor lock-in.

Gal Hochberg, Co-founder and CEO of Clear Blockchain Technologies, said:
"The telecommunications industry is producing one of the most
exponential assets of the world today: bandwidth. With a growing demand
for cutting-edge technologies such as cloud, VR, or self-driving cars,
telecom companies have an opportunity to unlock new revenue-generating
opportunities by offering data on demand for fixed and mobile
subscribers. The Bandwidth-on-Demand PoC is the first step towards a
guaranteed and secured new internet layer enabling new connectivity for
people and organizations wherever they are."

Richard Fung, CEO of China Broadband Communications (CBCcom), said:
"These days, no company with an eye on global expansion can afford to
ignore China. Demands for bandwidth is growing exponentially in China,
e-commerce transactions, Smart Cities, IoT, AI, have all been a major
driver of China's digital economy. Our goal has always been to simplify
the delivery of telecommunication services to help companies investing
in China to do well. Likewise, China's company going global, the Belt
and Road initiative is also driving the demand for connectivity between
China and rest of the world. I strongly believe, the successful roll out
of this PoC will offer great benefits for global business, and redefine
inter-carrier processes."

Shahar Steiff, AVP, New Technology, PCCW Global, said: "Customers
require reliable services that are based on managed connectivity,
managed compute resources and managed storage resources, delivered with
uncompromised security. Telecommunications carriers strive to automate
the delivery of such services in order to reap the commercial benefits
of measured and billable on-demand services that will yield additional
revenues from existing infrastructure. This PoC demonstrates that such
services can be realized today, and highlights the need of the industry
to converge towards a unified modelling and operational approach, which
are the prerequisites for such automation across multiple operator
domains."

Daniele Mancuso, Director Innovation & Engineering, Sparkle, said: "The
ultimate goal of MEF3.0 is the creation of multiple ecosystems of
interconnected Service Providers delivering their Customers with
on-demand, certified, agile, assured, and orchestrated communication
services. This PoC further raises the bar of the work that the Industry
has done so far toward this direction, demonstrating how traditionally
static and long-lasting processes such as Partners qualification,
commercial iterations and settlements, can be now automated through
real-time quoting portals and with the creation of decentralized circles
of trust based on blockchain technology. We are delighted to participate
to this highly innovative PoC confirming, once more, Sparkle as a
technology & innovation driving force in the Industry."

Matthew Ma, Vice President, Global Technology, Network and Operations
Group, Tata Communications said: "Being involved in this latest
proof-of-concept not only leverages our partner and technology
ecosystem, it is also a step forward in demonstrating the potential
value that blockchain can deliver by improving the ways in which we
interoperate in the context of next generation services and ultimately
the end-user experience."

Brian Hedstrom, Co-Founder and CEO of Cataworx, said: "We are excited
about bringing our software solutions to the telecom pre-sales
operations space. We've spent the past year gaining a deep understanding
of the pain points operators face with pre-sales and partner
integrations. The consistent theme is a lack of automation where
inefficient and error-prone manual processes are a bottleneck to
delivering agile on-demand services. We have invested heavily in
technologies such as collaboration, intent, natural language and AI to
simplify the user experience. Cataworx is focused on driving down Telco
operating expenditures and creating a revolutionary customer experience,
moving more control into their customers hands. We remain committed to
the success of the MEF LSO Framework and our team actively contributes
to the Sonata and Cantata interface definitions."

Pascal Menezes, CTO, MEF, said: "MEF18 Proof of Concept demonstrations,
like this collaborative effort involving PCCW Global, Tata
Communications, Sparkle, CBCcom, Clear, and Cataworx, are crucial to
accelerating development and worldwide adoption of assured services,
orchestrated across automated networks with MEF 3.0. We are delighted by
the tremendous support of leading service and technology solutions
providers who are participating in this year's PoC Showcase. More than
50 companies will be involved in 20 demos. That's double the number of
participants in last year's popular showcase."

Engaged with major telecommunications organizations and carriers, Clear
successfully completed a GLF-led PoC with PCCW Global and Colt for
international wholesale IDD voice traffic
, settling historical data
for both companies in less than a minute. The second phase of the PoC
integrated with the carriers' production networks to settle data in
near-real-time using automatic dispute resolution and settlement logic
encoded in smart contracts, and was expanded
to include additional carriers Telefonica, Telstra, and BT
. Clear is
launching additional PoCs in roaming and mobile messaging later this
year.

About Clear Blockchain Technologies

Clear builds blockchain-based settlement and clearing networks for
global industries. Using state-of-the-art enterprise-grade blockchain
technologies and programmable smart contracts, Clear automates
reconciliation and dispute resolution, providing near-real-time
settlement and clearing on a global scale. This reduces costs,
inefficiencies and fraud, while maintaining the confidentiality of
contract and trade details. Working with industry consortia, these
networks enable the commercialization of new revenue-generating products
and business models, accelerating exponential growth by cutting out
bureaucracy and unneeded middlemen.

To learn more about Clear, visit www.clearx.io.

About Cataworx

Cataworx, Inc. based in Boulder, Colorado is redefining how
communications service providers buy and sell wholesale connectivity
services. Cataworx was founded on the principles of helping Service
Providers automate service lifecycle stages using software automation
and AI, and integrations via Application Programming Interfaces (APIs) .

Cataworx software solutions automate much of the pre-sales processes in
the buying and selling of wholesale services. This equates to a faster
time-to-revenue, reduced operational costs and increase in revenue
opportunities. Our platform connects wholesale carriers via
standards-based APIs through a network of distributed product catalogs,
intent-driven customer portals (using Artificial Intelligence bots) and
east-west inter-carrier B2B integrations.

For more information, visit cataworx.com or
contact us at info@cataworx.com.

About CBCcom

CBCcom, your gateway to China, HQ in Beijing, is a leading providers of
carrier grade network services from China. We provide reliable network
services, with an extensive footprint in China and Asia Pacific,
offering a carrier neutral platform, that includes low latency
connectivity, hybrid cloud connectivity, premium internet access,
managed services and SD-WAN, with facilities spans across many data
centre providers across various markets.

About PCCW Global

PCCW Global is the international operating division of HKT, Hong Kong's
premier telecommunications service provider, which is majority-owned by
PCCW Limited. Covering more than 3,000 cities and 150 countries, the
PCCW Global network supports a portfolio of integrated global
communications solutions which include Ethernet, IP, fiber and satellite
transmission solutions, international voice and VoIPX services, managed
network & security services and our expanding "as-a-service" solutions
including OTT video and Unified Communications.

PCCW Global is headquartered in Hong Kong, and maintains regional
centers in Belgium, China, France, Greece, Japan, Korea, Singapore,
South Africa, the United Arab Emirates, the United Kingdom and the
United States of America. To learn more about PCCW Global, please visit www.pccwglobal.com

About Sparkle

Sparkle is TIM Group's fully owned Global Operator and among the top #10
international service providers worldwide, with a proprietary backbone
of around 530,000 km of fiber spanning from Europe to Africa, the
Americas and Asia. Leveraging its global IP, Data, Cloud, Data Center,
Mobile Data and Voice Platforms, Sparkle offers a full range of ICT
solutions to Internet Service Providers, OTTs, Media and Content
Players, Application Service Providers, Fixed and Mobile operators as
well as Multinational Enterprises. Its sales force is active worldwide
and distributed over 36 countries.

Find out more about Sparkle at tisparkle.com

About Tata Communications

Tata Communications Limited (CIN no: L64200MH1986PLC039266) along with
its subsidiaries (Tata Communications) is a leading global provider of A
New World of Communications™. With a leadership position in emerging
markets, Tata Communications leverages its advanced solutions
capabilities and domain expertise across its global and pan-India
network to deliver managed solutions to multinational enterprises,
service providers and Indian consumers.

The Tata Communications global network includes one of the most advanced
and largest submarine cable networks and a Tier-1 IP network with
connectivity to more than 200 countries and territories across 400 PoPs,
as well as nearly 1 million square feet of data centre and collocation
space worldwide.

Tata Communications' depth and breadth of reach in emerging markets
includes leadership in Indian enterprise data services and leadership in
global international voice. Tata Communications Limited is listed on the
Bombay Stock Exchange and the National Stock Exchange of India.

http://www.tatacommunications.com

© 2018 Tata Communications. All rights reserved. TATA COMMUNICATIONS and
TATA are trademarks of Tata Sons Limited in certain countries. IZO™ is a
trademark of Tata Communications in certain countries. All other
trademarks are the property of their respective owners.

About MEF

An industry association of 200+ member companies, MEF recently
introduced the MEF 3.0 transformational global services framework for
defining, delivering, and certifying assured services orchestrated
across a global ecosystem of automated networks. MEF 3.0 services are
designed to provide an on-demand, cloud-centric experience with user-
and application-directed control over network resources and service
capabilities. MEF 3.0 services are delivered over automated,
virtualized, and interconnected networks powered by LSO, SDN, and NFV.
MEF produces service specifications, LSO frameworks, open LSO APIs,
software-driven reference implementations, and certification programs.
MEF 3.0 work will enable automated delivery of standardized Carrier
Ethernet, Optical Transport, IP, SD-WAN, and Layer 4-7 services across
multiple provider networks. For more information: https://www.mef.net.

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