Reltime AS, a provider of next-generation Web3 platform services has announced the trial of using 5G mobile handsets as trusted node validators in its Layer-1 proof of authority (PoA) blockchain.
This development brings the potential for secure and decentralised applications (dApps), enabling a more interconnected digital future. The new blockchain platform can handle unlimited tenants, and each tenant can use 5G mobile handsets acting as node validators and decentralised autonomous organisations (DAOs), an intelligent system to distribute and manage entity-level asset ownership.
Leveraging the high-speed data transfer and security capabilities of 5G networks, Reltime has created a scalable blockchain infrastructure that taps into the global nature of mobile phone technology. With the conclusion of this pilot, unlimited tenant environments with non-custodian wallets can now be created by businesses across different regulatory frameworks and markets.
This development is particularly valuable for telecom operators. When handsets serve as node validators, it allows for use of operators’ existing infrastructures for exploiting Web3. In Reltime’s PoA blockchain, only the authorised nodes can validate transactions which ensures the high levels of security.
This development also opens for decentralised applications (dApps), e.g., P2P (peer to peer) transactions, decentralised cloud storage and IoT connectivity. All of this means new services and revenues. This new role of the handset also brings decentralisation down to the individual device level which can reduce latency, and increase transaction speeds, thus enhancing the overall user experience.
“Through this innovation, we are not just ensuring optimal performance but also establishing a new operational framework for Web3’s enterprise adoption. We have also integrated a robust identity protocol in our platform which makes each mobile phone node exceptionally secure and trustworthy, a vital element especially considering several DAOs that serve the multi-tenant ecosystem. Reltime is now making blockchain technology more accessible, more usable, and more global than ever before, says Frode van der Laak, co-founder and CEO of Reltime.
This pilot project’s lays the foundation for diverse applications that can harness the use of a secure and distributed network. DAOs and other ecosystem participants can now tap into the potential of having a plethora of node validators, decentralising, and securing their platform operations.
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