Blockchain: What's In It For The Communications Industry?

The telecom industry will have many uses for blockchain, especially in scenarios where there are transactions with multiple parties, for example, in clearance for roaming, billing, over the air activation and transactions. These activities can be done without the need for an intermediary, says Avi Kulshrestha, Industry Head – Communications, Media, Entertainment Europe and OEM Global.

Communication service providers can also apply blockchain when offering services to adjacent industries, for example facilitating e-health, insurance, finance, connected car, and others. Blockchain thus enables communication service providers to add value on the edges of other industry segments and open new revenue streams. While the telecom industry moves in this direction, cyber security will become a central concern and blockchain will address challenges of security as well.

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