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Using Blockchain To Reshape Mobile Telephony Processes
New blockchain applications emerge every day. Many industries, including Telecom, are now looking into implementing it and leverage efficiencies it brings.
TECHNOLOGYBUSINESS
11/13/20191 min read
There are indeed over 7 billion global mobile service subscribers generating trillions of calls, messages, and data sessions annually. Servicing this demand whilst attempting to offer compelling propositions in a highly competitive market environment is an ongoing challenge for all Mobile Network Operators, MNOs in short. In many cases, MNOs are constrained by ageing billing systems or traditional ways of forming a contract with the subscriber.
In the article referred to, we review the addressable market and the problems currently encountered by MNOs. Then, we assess how the blockchain can solve these problems and list the main use cases. Next, we outline challenges posed by technology. Finally, as usual in our contributions, we do call for action.
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