A bunch of 4 worldwide telecommunications firms are at the moment testing a blockchain-based resolution to automate the administration of inter-op
A bunch of 4 worldwide telecommunications firms are at the moment testing a blockchain-based resolution to automate the administration of inter-operator roaming low cost agreements. Based on a report published on Feb. 17 by Cellular Europe, Deutsche Telekom, T-Cellular US, Telefonica and Orange say the answer vastly reduces the complexity of the present system, and is “manufacturing prepared.”
Simplifying to permit scaling
The brand new resolution revamps a course of that hasn’t modified in a few years and entails drafting, signing and manually implementing agreements for discounted roaming fees.
Automating this workflow hurries up and streamlines this course of. Use of blockchain implies that the phrases of the settlement can not subsequently be altered.
New applied sciences had been set to make the prevailing course of much more complicated, as Rolf Nafziger, Senior Vice President of Deutsche Telekom World Service, defined:
“The inter-operator workflow in roaming has been principally unchanged for the final 20 years. Within the close to future nonetheless, new companies […] will drastically improve the complexity of inter-operator low cost agreements and respective settlements. This blockchain-based resolution is the beginning of automating sections of our workflow. It would put us able to deal with the extra complexity whereas rising general effectivity.”
Future improvement
Following the trial, there are plans to open-source the code, to permit the broader trade free entry to the system.
There are additionally hopes that the know-how might be developed to additional enhance the roaming wholesale market, as an example, by automating settlement processes between operators.
As Cointelegraph has reported, Deutsche Telekom has been very energetic within the Blockchain area, launching the Blockchain Ecosystem (GBE) and partnering with a Maltese authorities company in October 2019.