Blockchain, Featured

How Blockchain ID Management Solution Plays Important Role In Telecommunication Industry

Turkcell is the Turkey-based leading mobile phone operator who has announced the launch of its blockchain ID Management solution at the technology fair Mobile World Congress (MWC) Barcelona 2019. This solution is made for the creation of different accounts for different platforms. It is not only to create different platforms accounts but also to use that personal data which is shared by a user with other parties before.

The main purpose of this solution is to ensure privacy to personal data through the GDPR compliant ID Management solution. The user can have control over their personal data with the help of this solution. This solution is used for storing that information which is required for users verification. It is not only used to store the information but also to remove unnecessary identity verifications along with providing new use-cases to enterprises.

Telecommunications industry can use blockchain technology to secure and expedite its transactions. Turkcell has already succeeded to expand the blockchain usage in the industry along with the development of not only Blockchain ID management solution but also donation solution. It now leads to personal privacy along with data security due to blockchain technology.

Blockchain-based donation use-case of Turkcell along with its ID Management solution is created to verify whether a particular person is eligible for donation. This secure verification solution is basically used to provide an end-to-end Turkcell customers experience and to rebuild donations trust. The customers can use the communication application BiP for donation and whereas the payment medium Paycell, Daily Sabah reported.

The Saudi Arabia-based largest ATM provider Alhamrani Universal (AU) will work with the blockchain-based identity authentication platform ShoCard in order to develop a Blockchain ID management solution. They will basically create a biometric ATM with the aim of enabling customers to use their blockchain-based app and recognizing faces for withdrawing money. The ATM will use five-factor authentication and also the blockchain for an individual identity confirmation with no requirement of the bank’s database. It will be introduced soon as it is in the testing phase, GlobeNewswire reported.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]

Shabnam Dhar is a Copy Editor for OWLT Market.

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