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Blockchain and Its Impact on Telecom Networks

Authors:
Rajat Kochhar
Barjinder Kochar
Jatinder Singh
Varun Juyal

Keywords: Blockchain; Consensus Methods; Communication Service Provider; Smart Contracts; Initial Coin Offerings

Abstract:
For the last couple of years, Blockchain is the most talked about technology across a range of industries, e.g., currency markets, banks and financial services, supply chain, logistics, manufacturing, etc. Telecom industry has also shown huge uptake for Blockchain-based solution. Plenty of use cases for telecom networks are already proposed and proof of concepts solutions are available via many vendors, operators, and telecom software companies. Identity management, Fraud prevention, Smart contract, Internet of Things (IoT) Security, Mobile data tokenization and Initial coin offering are some of the use cases which will be offered by telecom operators/companies in the very near future. This paper will discuss in detail some of the important use cases and their implementation complexities. This paper will also discuss how smaller or startup telecom companies/operators can leverage the Blockchain opportunity and disrupt the markets they are based in.

Pages: 7 to 12

Copyright: Copyright (c) IARIA, 2018

Publication date: June 24, 2018

Published in: conference

ISSN: 2308-4219

ISBN: 978-1-61208-642-2

Location: Venice, Italy

Dates: from June 24, 2018 to June 28, 2018