Reimagining Telecom Industry Using Blockchain Technology
Abhilasha Rastogi, Abhijit Chirputkar, P Ashok
Abstract
Blockchain technology was first introduced at the start of the last decade and since then the technology has been exploited in numerous industries – The Telecom industry being no such exception. This study takes into account the recent innovations in the fabrication of the bridge between the newly adapted blockchain industry worldwide with the ever-developed and matured telecommunication industry which has led to excellent opportunities for us, who are extensively targeting the uniqueness of blockchains which is their capability to store and allow retrieval of data that is trusted to be immutable where the process of doing such is much faster, reliable, and adheres to the current security needs after data leakage and data fraudulency has been much into practice recently. The research methodology used for this study is the qualitative approach, where is used to perform content analysis on the literature available to extract the implications of the merging of these two industries at a scale above and beyond the continent boundaries. The results indicate that blockchain’s smart contract feature can resist fraud, and eliminate human error and lack of transparency.