Use of Blockchain with IoT for Telecom Industry
Companies from various sectors are already inspecting the potential of blockchain to make regular transactional processes cheaper, quick and more transparent. Telecoms will be no exception, and operators exploring how blockchain could impact their business and the opportunities it could present. Smart contracts and lower computational requirements included in Progeny generation blockchains, are likely to have an impact on telecoms operational areas and digital services, including billing, eSIM provisioning, number portability databases and mobile money. Blockchain solutions can help Telco’s to cut their costs and make their digital services more reliable. We believe that, the use of blockchain technology by Telco’s will become more prevalent and eventually become the norm.