Let us first discuss what are the challengs in telecom industry , and how blockchain can overcome those problems.
Problems & Challenges in Telecom Industry
Telecom industry is never gonna be like as today, it will keep on improving with updated technology and network services. When you compare the industry potential in 1996 with now, you may be end up with a jaw dropping result. In this industry there are several things are involved, The role of government, Customers feedback, TRAI Regulations, Cloud network, Tarrif plans, Changing high speed network technology, Mobile number portability , Increasing competitors, Enlarging network in rural areas with proper Tower implementations, Fraud preventions and etc.
Top 5 challenges
Tele-networks have to decentralize the entire Purchasing and Selling Powers
Supporting With AI( Augmented Reality, Speech recognition, supporting with digital assistants like siri in Ios Devices)
Implementing 5G Network
The growth Of IOT
Reliable, fast, High quality and secured connectivity to networks
All the above are just a sample apart from this there are several challenges in telecom industry, but with the help of Blockchain we can achieve a secure, reliable , fast and decentralized network connectivity
HOW BLOCKCHAIN CAN TRANSFORM TELECOM INDUSTRY?
Current telecom industry is under centralized concept, it doesn’t guarantees the privacy of the user, Security breaches are often happens, and it is very easy for a novice hacker to easily hack a network. But the arrival of Blockchain with decentralization can transform the entire telecom infrastructure.
By capitalizing this technology in telecommunication industry, it will ensure the balanced move towards into various aspects such as network enhancements, Operation Cost reduction, ROI, CSPS(communication service providers) competition growth and OTT( Telco-Over the top)
BLOCKCHAIN OPPORTUNITIES AND ITS USE CASES IN TELECOM INDUSTRY
1 . Fraud Management
The estimated fraud loss of telecom industry in 2017 is about $40 billion
Blockchain have potential to reduce two main types of frauds, the first is roaming fraud and the second one is identity. Blockchain links both the device and the user identity so that it will impact every services associated with that subscriber’s identity.
Roaming fraud will occur whenever a subscriber access any of the resource in HPMN(Host Public Mobile Network), through VPNM(Visited Public Mobile Network ) ,but the HPMN can’t able to charge the subscriber for provided services.
The roaming fraud comes in two characteristics:
• By Longer detection time
• By Longer response time
By implementing permissioned Blockchain between network operators we can eliminate the frauds. Whenever a subscriber tries to trigger an event by entering into a network, there will be a execution of smart contract and other agreement terms will be executed between the roaming partners.
- Identity management
With the help of Blockchain telecom industry can create new sources of revenue through data management and identity authentication solutions. Services operators can provide identity management tools that can be only accessible through organizations, specific devices and other apps.
- Can be used in 5G enablement
Blockchain supports the implementation of 5G network and provides a common platform with seamless connectivity.
- Can be used in IOT connectivity
The Centralization concept can be replaced by DDL (Distributed Digital Ledger) for all the transactions, which will make an extremely secure peer-to-peer decentralized network …. Which will overcome the major IOT challenges?
- Can be used in Blockchain in Revenue insurance
Blockchain plays a role in the revenue insurance. It can be used to help design more leakage proof Storage Management, Real-time revenue observations , Fraud elimination, and etc
- Can be used In Blockchain In Number Portability
if receiving service operator shares Blockchain with porting customer’s operator,
Then the customer who wishes to migrate to another network can be quickly on-boarded to the desired network after receiving a porting request.
- Can be used In Blockchain In roaming management
The restricted or permission blockchain implementation can replace the conventional ways of sending C/EDRs. All the communication service providers who have undergone roaming agreement, can broadcast C/EDRs on permissioned blockchain system.
Can be used In money transfer an micro payment systems
Can be used Smart transactions and revenue streamlining
Originally published on : Blockchain Technology Use Cases In Telecom Industry