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Palo Alto, CA / Herndon, VA / Hong Kong, Sept. 13, 2022 (GLOBE NEWSWIRE) — PCCW Global, a leading international telecommunications service provider, is collaborating with Syntropy, a Web3 networking software company, to deploy and operate Syntropy’s distributed Autonomous Routing Protocol (“DARP”) nodes at strategic locations within the PCCW global network.
Syntropy customers will pay to use routes identified by PCCW Global’s DARP nodes as the best paths, allowing the provider to monetize unused bandwidth. So far, network operators have not been able to generate revenue from underutilized links on their network. The collaboration between Syntropy and PCCW Global represents a major step towards establishing an industry-standard settlement layer for on-demand bandwidth.
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 to Web3 and away from traditional business models that create inefficiencies in the marketplace.
Mr. Domas Povilauskas, Co-Founder and CEO of Syntropy, said, “This collaboration marks a tectonic shift as large enterprises begin to adopt blockchain-based solutions and realize their immense potential. By partnering with PCCW Global to build the Open Bandwidth Exchange (“OBX”), we will dramatically improve the public Internet, enabling businesses to obtain the fastest and most reliable paths between their data centers.
Syntropy’s technology is one of the few use cases of Web3 that have real utility and widespread enterprise use cases. OBX unlocks previously untapped bandwidth potential to prepare the Internet for the demands of Virtual Reality, Augmented Reality and the Metaverse. The infrastructure built by PCCW Global will become a key part of Syntropy’s OBX, allowing enterprises to purchase bandwidth on demand in the fastest and most cost-effective way.
Mr. Paul Gampe, CTO of PCCW Global, said, “We are delighted to partner with Syntropy and deploy DARP nodes on our network. This collaboration allows us to provide Syntropy customers with the best bandwidth on demand and increase the monetization of our global infrastructure.”
Syntropy is building the next generation of Internet infrastructure to make it Web3 ready. The open project makes the Internet faster, safer and more reliable, and managed by its users while helping Internet and telecommunications companies to reduce latency, improve performance and save resources. Syntropy’s Distributed Autonomous Routing Protocol (DARP) connects data centers across the globe and optimally routes data while maintaining privacy with native end-to-end encryption. Syntropy is already used by FTSE 100 companies. Syntropy was founded by a team of entrepreneurs and engineers who launched thriving data centers and communications companies that faced the critical infrastructure gap current Internet and wanted to improve it. The company is based in Palo Alto, California. For more information, visit www.syntropynet.com
About PCCW Global
PCCW Global is a leading international communications service provider, delivering the latest in mobility, voice and data solutions to multinational enterprises, telecommunications partners, cloud and application service providers. With a network footprint reaching over 3,000 cities in more than 160 countries across five continents, our truly global coverage combined with local on-the-ground knowledge has helped us build world-class global connections linking Africa, the Americas , Asia-Pacific and Europe. and the Middle East. Our network supports a portfolio of integrated communications services, including connectivity, applications and bespoke solutions integrated and orchestrated by the Console Connect Software Defined Interconnection® on-demand digital platform, one of the first -Global forms to fully automate the switching and routing of all communications for seamless interconnection.
To learn more about PCCW Global, please visit www.pccwglobal.com
Ivan Ho PCCW Group Tel: +852 2883 8747 Email: ivan.wy.ho -at- pccw.com Yury Molodtsov MA Family for Syntropy Email: yury -at- ma.family