Verizon, one of the largest telecommunication companies in the world, is to use technology created by the Estonian company, Guardtime, to launch a global portfolio of blockchain platform services.

“Consumed as a service, Verizon’s enterprise and government customers will be able to integrate proven blockchain solutions into their existing business processes,” Verizon said in a statement.

“Increasingly, our enterprise customers want to effectively leverage blockchain to meet the security demands from their customers,” Alex Schlager, the executive director security services of Verizon Enterprise Solutions, said in a statement.

“Combining our security expertise with Guardtime’s blockchain platform offers customers an advanced solution,” he added.

The company said its blockchain platform services “will focus on privacy, portability and scalability – adding proven managed security services on top of leading technology from Guardtime”.

VES/estonianworld.com