Weaver Labs is a blockchain-software company that focuses on making networks more accessible by helping to diversify the supply chain and accelerate the adoption of connectivity.

The company builds Cell-Stack, a software product that manages telecoms infrastructure to access it as a service. Cell-Stack is designed to be modular and customizable on demand in order to facilitate transactions between users in the telecoms industry.

Blockchain technology is used in Cell-Stack for governance purposes, such as rules of the market, bidding and pricing, metering resources contributed/consumed and reputation.

Why is this a game-changer?

The motivation for creating an open and shared marketplace of assets comes from the need to bridge the gap within the telecoms industry.

The current model to construct networks is ineffective. The main issue is that telecom companies are using a customized model: one network for one application. That’s where software platforms and as-a-service business models can be useful: build once, then use software platforms to personalize and sell the same service multiple times.

What role does blockchain have?

Developing a multifunctional platform that is modular and customizable on demand is necessary for the telecom sector to succeed, but industry players don’t know or trust each other. Weaver Labs is incorporating a blockchain layer into Cell-Stack to fill this gap in the market and establish trust and transparency among all the different players in the network.

This way, all network transactions are traceable on a public ledger, giving all interested parties an immutable record of activities. Now, even things such as contracts/agreements between all parties can be signed via smart contracts, which are stored publicly, eliminating fraud and legal disputes.

medium.com/weaver-labs/most-common-questions-about-weaver-labs-41a4b11c0d65

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