Telefónica opts for blockchain

Telefónica Tech and Atrebo will digitise 200,000 telecommunications infrastructures with blockchain.

The initiative will be made possible thanks to the integration of Atrebo’s TREE platform for infrastructure management with Telefónica Tech’s own TrustOS managed blockchain platform. The project plans to reach the entire inventory of infrastructures managed by Atrebo in 2022 and will represent a milestone in the use of digital assets endorsed by blockchain in the infrastructure management sector on a global scale.

Commenting on the development, Jesús del Estad, CEO of Atrebo, said: “This exciting new agreement will allow Atrebo to continue on the path together with Telefónica towards the complete digital transformation of asset management and telecommunications infrastructures”.

José Luis Núñez, head of the blockchain business at Telefónica Tech, states: “With this operation, we extend the successful blockchain-based asset management model to the infrastructures that we have been developing since 2018 we implemented it to manage our supply chain in Brazil. It is another milestone in the adoption of blockchain with which we demonstrate how it can be applied in real projects and build new business models based on reliable ecosystems”.

Telefónica Tech is a leading company in digital transformation, while Atrebo is a Spanish technology company with global operations in digitisation projects.

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