Tess Inc. has entered into an agreement with IBM to assist in development of a private permissioned Hyperledger Fabric I blockchain, which together with TessPay Smart Contracts constitute the core of its Wholesale Telecom Transaction Escrow Settlement Service. Hyperledger Fabric 1 is a blockchain framework implementation, hosted by The Linux Foundation. The TessPay blockchain will be constructed in concert with IBM, one of the major contributors to the Hyperledger project. The network will be highly scalable with consensus and integrity securely maintained by at least 50 nodes, operated, in many cases, by Major Carriers as part of their technology infrastructure.

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