Four major Telecom operators have announced a test use of a blockchain-based solution for managing roaming discount agreements.
According to a press release, the blockchain platform being tested by telecommunications operators Deutsche Telekom, T-Mobile US, Telefonica and Orange should significantly reduce the complexity of the existing system and is already fully ready for launch. The solution will allow you to change the existing system of agreements and manual signatures when entering into roaming agreements.
Thanks to the automation of document flow, the process will be much faster, and the use of blockchain will allow all participating companies to be sure that the contract clauses remain unchanged. Senior Vice President of Deutsche Telekom Rolf Nafziger noted:
“The document flow between operators in the field of roaming agreements has not changed for 20 years. But in the near future, new services and technologies will greatly complicate this system and the discount agreement process. The blockchain-based solution will automate many areas of work, as well as help to cope with the complexity of the process and increase overall efficiency.”
The press release also notes that after the end of testing, the companies plan to open the source code of the solution to make it generally accepted in the industry. In the future, the platform may evolve into a solution for fully automating roaming agreements.
Recall that earlier it was reported about the cooperation of telecommunications giants KT Corporation and China Mobile to simplify the provision of 5G roaming services using the blockchain.