Akamai and MUFG to launch blockchain based transaction system

14 February 2019

Latest Telecom Market News

Akamai and MUFG to launch blockchain based transaction system

(Global): The US’ s Akamai Technologies, a content delivery network and cloud service provider and Japan ‘s Mitsubishi UFJ (MUFG), a financial services company have recently set a joint venture, called Go-Net (Global Open Network). The aim is to develop a blockchain based payment system which enables transaction security, scale, and responsiveness. Both companies have been in partnership for three years. It was initially planned to be launched by 2018. It is anticipated to be launched in the first half of 2020 in Japan.


Russia plans to cut itself from the international internet

(Europe): Russia is working with its service providers on a plan to do an experiment of cutting out itself from international internet traffic aiming to protect itself from cyber attacks.

According to the plan the Runet, the local internet provider, traffic will be diverted and pass through the national routers managed by Roskomnazor (Russia’s telecommunications regulator).

Through this way Runet will be cut off from the wider internet and also all traffic will be scanned and prevent malicious traffic from entering to or going out of the country. It is expected that the experiment will be conducted before April.