Ericsson’s Giovanni Franzese: “Start from the baseline, which is blockchain”
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The IEEE Future Networks World Forum 2022 in Montreal was a great success. Several personalities in the IPv6 and blockchain world were present, and among them was Giovanni Franzese, head of enterprise blockchain execution at Ericsson.
During his interview with CoinGeek Backstage, Franzese shared some of the different blockchain use cases, their initiatives using the technology and the products they are launching.
Ericsson’s corporate chief said the firm is using three solutions: one that addresses the main foundation of Ericsson, which they called the “Ericsson Customer Acceptance Process”; another called “Letter Credit”, which they use to address their internal efficiency; and finally, their internal billing process, which specifically uses blockchain for their internal business processes.
“Another one that I can share with you is expanding the use of blockchain with our suppliers and the factories to better control the hardware. We have a lot of other things, but you’ll have to wait a bit before I can reveal anything more. We have a lot of things cooking , Franzese said.
Franzese also shared how they started using blockchain three years ago as an innovation project to see if the technology is “mature enough to be used.”
“Blockchain is extremely difficult. You really have to get the blockchain stuff right,” he said. “If you want to make a successful application, you have to do other things on top of the blockchain.”
When it comes to choosing the right type of blockchain, Franzese has this to say:
“If you remember the big companies, they first started with the private cloud, and then when we got to trust and the technology, then we moved to the public. For blockchain, the pattern is exactly the same. So we start [with] the big companies, and to be honest, there aren’t that many at the moment.”
“I have to say that Ericsson is the most advanced using private blockchain platforms. And then of course the long-term vision is to embrace the public. This will take some time, but the pattern is exactly how the cloud developed during the year. If you think on that.”
Finally, Franzese reminded the audience that blockchain is the future.
“Blockchain is feasible and it will emerge strongly. It’s a great platform that brings a lot of value. And if you want to develop a successful application, you have to start from the baseline, which is blockchain. But then you have to be aware of the real part of the application, he said.
See: Highlights from the IEEE Future Networks World Forum
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