Overview
Telecommunications companies provide services to various sectors, from individuals to businesses. They operate in multiple categories, namely satellite, wireless, cable, and other sorts of the telecommunications business. Mobile and online communication has never been so important. However, telecommunications companies are now facing a number of challenges, such as high system utilization and security risks.
Blockchain is an emerging technology that will power the next generation of the internet and has the potential to change the world by enabling transparent environments that are not reliant on trust. It allows untrusted parties to transact, exchange, share and evaluate information without intermediaries. As a distributed ledger, Blockchain technology provides unique solutions to the problems faced in the Telecom industry. Blockchain is an imperishable digital diary made up of transactions (it can be data, currency, or anything with economic value).
At MSRvantage, with the advent of emerging technologies, we promise to improve the telecom regulatory landscape by providing unique blockchain solutions and driving transformation through innovation.
Benefits
Security- the prime factor (VoIP)
VoIP integration with Blockchain is the architectural choice to decentralize call detail records from
telecommunication platforms, demonstrate interoperability, maintain security and trust in a reliable and anti-hacker system.
Content Distribution Network (CDN) and Price wars
Blockchain technology creates a convenient solution for content delivery networks (or CDNs).
Blockchain technology provides a methodology to optimize the unused bandwidth of servers around the world and connect them to a complex nest of servers that are capable of seamlessly transferring data around the world.
SLA (Service level agreement) Monitoring
Blockchain-powered smart contracts can help limit disputes caused by manual processes by creating
“one version of the truth” and providing transparency with real-time data. A smart contract determines the SLA status. Based on the status of SLA, the smart contract then calculates the charge or incentive and can make the appropriate payment.
Solutions
Track & Trace Solution
Track and Trace solutions used to streamline OSS (Operation Support System) and BSS (Business
Support System) procedures such as billing and number portability databases. Product Track and Trace made billing validation easy for the industries without difficulty. It becomes possible by implementing a cross-company traceability system shared by customers, VAS providers, VPMN, HPMN, and telecom firms. If the receiving operator shares the same traceability in telecom industry with the porting customer's operator. A migrating customer can rapidly be onboard on the network after receiving a porting request.
Smart Contracts
A smart contract is a piece of code that is a computer protocol or basic technological element.
It is responsible for determining the terms and conditions of all contracts concluded between the parties to a transaction in the blockchain. When these conditions are met, the smart contract automatically completes the transaction.
Asset Digitization
Anything that can be used as a binary is a digital asset. Digital assets are digitized ownership of all
values. This is the most accurate definition. Although it is a minimal concept at the moment, there are already startups that can convert their assets or cash into digital assets and trade them in cryptocurrency. This tokenization is expected to become a trend in the near future. There are security tokens, hybrid tokens, cryptocurrency products, and more. There are all kinds of digital assets such as utility tokens, tradable securities, ICO coins that give companies access to products and services. These blockchain assets are programmable, but not for investment.
Rewards & Loyalty
The collecting of customer data (e.g., purchase patterns, transactional history, preferences) and the
customization of efficient telecom loyalty programs have been eased by technological innovation. The introduction of database management software, for example, has cleared the way for a new era in loyalty marketing by providing comprehensive and tailored consumer tracking. The introduction of these technologies has increased customer interest in and access to information about loyalty benefits.
Use Cases
How Blockchain is Transforming the Lubricants Industry
The lubricants industry plays a vital role in maintaining the smooth operation of machinery across various sectors, from automotive and manufacturing to aviation and shipping. As a critical component of
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Track and Trace in Medical Industry
The pandemic has proven the medical industry to be a line of defence in any country. While the medical industry is growing what with new technology and research, persisting problems
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Remould and enhance your rewards and customer loyalty solutions to gain efficiencies, reduce costs, and enhance brand loyalty
In today’s world, businesses are at the forefront of digital transformation. With the emergence of effective technologies, the demand for effective solutions has also increased. As a result, they find
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