Blockchain in Telecom
Abstract :
Blockchains offers radically new ways of conducting businesses for both customers and enterprises. Telco’s today having to compete in a highly competitive market and at the same time reduce costs. Blockchain solutions can serve as an excellent solution for optimizing and automating internal telecom operations, revolutionizing through smart contracts, help to develop newer digital services, data management & authentication services, managing digital wallets.
Statement : Enabling Blockchain in Telecom
Introduction :
Blockchain is a decentralized and distributed ledger technology that uses algorithms and strong encryption to record digital transactions or data in a transparent, secure, and anonymous way. Blockchain as a technology has the potential to disrupt or change business models in almost every industry. According to a recent report by a leading market research company, blockchain in the telecom market is expected to grow from USD 46.6 million in 2018 to USD993.8 million by 2023.
Types of Blockchain :
Public Blockchain
Private Blockchain
Consortium Blockchain
Opportunities For CSPs in Blockchain :
Settlement -
- Voice Transaction — No Internet, No Worry, Transact through Voice over the network including messaging, email payments data, etc
-CDR (Call Detail Record) — with info from all participants
Roaming -
- Record of Roaming transaction for easy cost settlement
Payments -
- Cross Carrier Payment Platform system,
- Cross Border Digital Wallet based Money transfer
Identity Management and Authentication -
- Secure Multifactor Authentication Platform
- self Sovereign Identities
- Cross Carrier Identification System
Billing -
Fraud Prevention -
- Only authorized members and partners can message or call
Blockchain With IoT -
- Connecting Various IoT devices to Network backed with blockchain
Revenue Assurance -
Number Porting -
Disintermediation -
Registries -
Privacy Protection -
Features -
- Digital Identity
- Easy Integration with IoT and on Internet
- Security
- Privacy Protection
- Data Management
- Cheaper
- Seamless Cross Border and Cross Carrier Payments
- Easy Logins
- Faster
- Can Remotely Locate
- Can Block IMEI
- City Pass
- VID
- Secure VoIP Faster Connection
Regards
Blockchain Developer
sdusane4@gmail.com
+91 9545828345
