PCCW Global, an international telecommunications service provider, is collaborating with Syntropy, a Web3 network software company, to deploy and operate Syntropy’s Distributed Autonomous Routing Protocol (“DARP”) nodes at strategic locations within the PCCW Global network.
Syntropy clients will pay to use routes identified by PCCW Global’s DARP nodes as the best paths, allowing the provider to monetize unused bandwidth. Up until now, network operators have been unable to generate revenue from under-utilized links across their networks. Syntropy and PCCW Global’s collaboration represents a step forward towards establishing an industry-standard settlement layer for bandwidth on demand.
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 towards Web3 and away from legacy business models that create market inefficiencies.
“This collaboration marks a tectonic shift as major enterprises begin adopting blockchain-based solutions and realize their immense potential,” said Domas Povilauskas, co-founder and CEO of Syntropy. “By joining forces with PCCW Global to build the Open Bandwidth Exchange (“OBX”), we will dramatically improve the public Internet, enabling businesses to get the fastest, most reliable paths between their data centers.”
Syntropy’s technology is one of the few use cases of Web3 that has true utility and widespread enterprise use cases. OBX unlocks previously untapped bandwidth potential to prepare the internet for the demands of VR, AR and the metaverse. The PCCW Global infrastructure will become a key part of Syntropy’s OBX, allowing companies to purchase bandwidth on demand in the fastest, most cost-effective way.
“This collaboration allows us to provide Syntropy clients with best-in-class bandwidth on demand and increase monetization of our global infrastructure,” said Paul Gampe, CTO of PCCW Global.
For more information, www.syntropynet.com or www.pccwglobal.com.