Major telecommunications companies – Deutsche Telekom, Telefónica and Vodafone – have successfully automated the reconciliation of roaming discount agreements using a solution developed by blockchain-based settlement company Clear.
The first automated settlement trial, which encompassed a settlement for roaming data from the three providers for 2019,
Tech giant IBM and telecom services provider Syniverse have successfully completed a blockchain pilot program to instantly validate new wholesale billing and charging processes for clearing and settlement services.
The blockchain solution pilot, which was conducted to help advance the next generation of mobile roaming solutions,
The Telecom Regulatory Authority of India (TRAI) has successfully completed a blockchain pilot conducted in partnership with tech giant IBM.
In May of this year, TRAI published draft norms that proposed using blockchain technology to ensure that telemarketing messages are sent only to subscribers.
Spanish multinational telecommunications giant Telefónica is planning to implement blockchain technology to streamline core business processes.
Headquartered in Madrid, Telefónica is the second largest corporation in Spain, behind the Santander Group. It owns Telefónica de España, which is the largest fixed phone and ADSL operator in Spain,
Japan-based telecom carrier SoftBank, California startup TBCASoft and and tech firm Synchronoss Technologies (SNCR) are collaborating on a proof of concept (PoC) for a Rich Communications Service (RCS) and blockchain mobile payments service.
According to the announcement,
KT Corporation, South Korea’s largest telephone company, has launched a new blockchain-based commercial network that claims to guarantee both processing speed and trust.
Called KT Network Blockchain, the company claims the network currently handles 2,500 transactions per second (TPS) with an aim of 10,000 TPS by the end of the year and 100,000 TPS by the end of 2019.
Japanese telecom carrier SoftBank Group, in partnership with blockchain startup Sivira, has created a blockchain-based system for managing personal financial information. The company aims to launch the system in the market in 2019.
Developed by subsidiary SoftBank Technology and Sivira,
Four major telecom carriers across the globe have joined forces to create a new blockchain consortium called the “Carrier Blockchain Study Group” (CBSG).
Consortium members include Japan-based SoftBank Corp., US-based Sprint Corporation, Taiwan-based Far EasTone Telecommunications and U.S.-based TBCASoft.
