The Sphere is a blockchain enabled ecosystem that serves the telecom industry. The project was rolled out in May, 2018. During the 2018 capacity global carrier awards, it emerged as the Best Cloud Innovation.
Telecom operators, resellers, and carriers in the past have been facing challenges such as decreasing profits, high fraud attacks, as well of poor-quality services offered. The Sphere was innovated to help mitigate these shortcomings in the telecom industry.
The Sphere cloud network, comprised of patented switching and routing engines, supports its operations globally. With the use of copyrighted blockchain tech, The Sphere supports real time multi-user trading, financial settlements and routing, thus, eliminating financial setbacks, operational difficulties as well as commercial drawbacks.
The Sphere was also nominated in other categories such as: Best Voice Service Innovation – Emerging Market, Best Anti-Fraud Innovation, Best Network Technology Innovation, and Best European Project. The ceremony was held in London at the Capacity Europe 2018 Conference.
The chief commercial officer for the Sphere, John Tolton, said that Sphere’s mission and vision is innovation and collaboration. He further said that they were honored that the industry gurus noticed their efforts by awarding them with the Best Cloud Innovation award.