Blockchain Use Cases For The Telecommunications Industry
The Enterprise Ethereum Alliance provide report
The Enterprise Ethereum Alliance has published a collection of use cases for blockchain in telecommunications.
According to the announcement, the new document on blockchain solutions in the telecom industry was created by the EEA Telecom Special Interest Group (SIG). For all the various proposed uses cases of blockchain, it’s hard to tell if these are useful to the Telecom industry.
In the telecom space specifically, AT&T and T-Mobile are both working with the technology in various capacities.
By outlining how standards-based decentralized applications can enhance transparency and trust among users; reduce the risk of fraud; increase revenue; or lower transaction costs, this document helps the EEA Technical Specifications Working Group address specific industry needs in their Client Specification work.
While blockchain has incredible potential across industries, decentralization and a monopolistic Telecom industry aren’t usually what you think of in terms of compatibility.
Still, blockchain’s ability to increase business efficiency makes sense in the following domains:
The EEA Telecom Use Cases document features the following use cases:
- Blockchain-Based Telecom Call Roaming User Authentication
- Blockchain-Based Telecom Call Roaming Reconciliation
- Data Privacy and Monetization
- Digital Contents Distribution Platform: Property Management and Distribution Market
- CX in Service Delivery Provider (SDP) Delivery Models
- Identity Attestation Flows for ISP Services and Components for Abstract API Creation
The Enterprise Ethereum Alliance (EEA) is a member-driven standards organization whose charter is to develop open blockchain specifications that drive harmonization and interoperability for businesses and consumers worldwide.
It’s difficult sometimes to ascertain the real-world applicability of EEA’s findings. However we know that from banking to payments, blockchain tech has various projects in the pipeline, so why not the Telecom industry too?
AT&T Inc., as a telecom player, is working toward incorporating blockchain technology for its own supply chain in regards to handsets (phones). With the advent of the smart city in an age of IoT, with 5G around the bend and setting the stage for the next round of disruption, can telcos leverage on blockchain to offer innovative and cutting-edge services and products?
Blockchain and smart contracts can create a lot of automation in internal processes, like billing, roaming and supply chain management. Implementing blockchain can create a multitude of benefits for different telecom branches including perhaps the advancement and support and internal and external operations, new revenue sources and more efficient enterprise cybersecurity.
Digital Asset Transactions
Telecom enterprises could leverage blockchain to enable micropayments for music, mobile games, and other types such services. Moreover, blockchain may be implemented for customer-to-customer money transfer services. China is expected to lead these types of interactions with a mature mobile ecosystem.
In a world of 5G, we know Huawei‘s cloud division has got into the blockchain game. The fifth generation (or 5G) telecommunications network is all about higher data rates, lower latency and a massive mesh of interconnected devices.
Why might China lead future blockchain applications related to telecom? Mostly due to its highly advanced online to offline focus and its digital transformation activities. The UN World Intellectual Property Organisation (WIPO) data indicated that blockchain-based patent filings almost doubled in 2018. China filed the most number of blockchain-based patents with as many as 930 filings, closely followed by the US, which has filed about 860 of such patents.
In 2019 it’s clear blockchain use cases are gathering momentum. Global corporations like IBM, Facebook, Apple, Microsoft, JPMorgan, HSBC and several others have all jumped into the blockchain game. Leaders of the Telecom industry have to follow suit.
Telecommunication enterprises work with enormous amounts of customer data it is profitable for them to act out as a source of identity authentication. Digital ID management and verification is a major area where leaders like AT&T and Huawei could be game-changers.
What is Libra if not a payment tool that will handle this? With a consortium of pay-to-play technology partners?
Blockchain use cases will find implementation in the 2020s, even in 2019 we don’t yet fully see coming. The legacy Telecom industry will have to keep up with blockchain and 5G smartphones.
Published at Sun, 08 Sep 2019 13:56:56 +0000
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