Together with Chainlink, Vodafone and Sumitomo investigate the trade papers network.

• Together with Chainlink, Vodafone and Sumitomo investigate the trade papers network.

In the narrative of technological collaboration, Vodafone’s Digital Asset Broker platform, in a synchrony of effort with Sumitomo, has been in a harmonious partnership since the dawning of May, actively engaged in a proof-of-concept odyssey.

Vodafone’s Digital Asset Broker, known by its acronym DAB, has now taken center stage within the dynamic Chainlink network, assuming the mantle of a node operator following the triumphant execution of a proof-of-concept endeavor alongside the eminent Japanese trading and investment entity, Sumitomo. Their shared aspiration dances to the tune of enhancing the seamless exchange and orchestration of trade documents across multifarious platforms. In this intricate ballet, the ultimate goal is to refine and streamline the intricate ballet of document transference and the labyrinthine labyrinth of financial transaction processing within the colossal $32-trillion global trade ecosystem, as solemnly affirmed by Vodafone.

At the heart of this groundbreaking proof-of-concept lies the utilization of the venerable oracle network,

, in particular, its Cross-Chain Interoperability Protocol (CCIP). DAB emerges as the sentry, offering a citadel of security and a bridge to seamless interoperability among the multifaceted constellation of IoT devices stationed at the network’s edge. This ingenious proof-of-concept does not merely offer promises; it unfurls the panorama of possibilities where Vodafone’s Internet of Things devices and the immutable ledger technology of blockchains stand poised to provide a cornucopia of data for deployment in contracts and the ethereal realm of AI applications. It is a vision where a singular interface could birth, almost magically, the transfer of both data and tokens, as postulated by the company:

“As an illustrious example, imagine a maritime vessel, equipped with the acumen to detect the fiery tempest within its cargo; it might autonomously relay this critical intelligence to the enigmatic world of smart contracts, all facilitated by the ethereal realm of DAB’s platform and the enigmatic CCIP. In this serendipitous act, it could potentially trigger an intricate and labyrinthine process associated with marine cargo insurance.”

The capricious nature of trade documents, a domain where the ephemeral meets the tangible, poses a herculean challenge. They may exist as tangible parchment or ephemeral bits in the vast digital expanse, adorned with the veil of low interoperability, often changing hands like whispers in the wind.

In the annals of telecom history, the indomitable Vodafone unveiled the Digital Asset Broker, or DAB for the initiated, in the romantic month of February, 2022. The first dance of its digital silhouette was a harmonious duet with Mastercard, performed on the illustrious stage of the United Kingdom. Together, they wove the tapestry of an application, a technological ballad aimed at assisting electric vehicle connoisseurs in their quest to discover and facilitate payment for the choicest charging options.

In the grand tapestry of collaboration, Vodafone and Sumitomo waltzed hand in hand during the blossoming days of May. Their union bore the fruit of a new entity, a creation wherein Vodafone stood as the guardian of 80% of its essence. In this magical transformation, Vodafone transposed not only the Digital Asset Broker but also a treasure trove of intellectual property, the lifeblood of contracts, an arsenal of cutting-edge technology, and the ethereal symphony of software into this nascent entity. In this symphony of collaboration, these two entities also nurtured a shared investment in the mystical realm of Safaricom Ethiopia.

Later in the grand tapestry of events, Vodafone’s DAB forged an alliance with the venerable enterprise blockchain maestro, Aventus, in the balmy month of August, with a shared vision of revolutionizing the intricate supply chain within the aviation domain.

The crescendo in this symphony arrived with the arrival of the Cross-Chain Interoperability Protocol, CCIP, gracing the Ethereum’s Arbitrum One layer 2 in the verdant month of September. This was not an isolated endeavor; it entwined its essence with the esteemed Australia and New Zealand Banking Group to conduct a harmonious test of an Australian dollar stablecoin in that very month.