Blockchain, Featured

IBM Blockchain Solution Captures Indian Market With Telecom Industry

The IBM blockchain solution is keenly looking forward to making its place in the Indian commercial market with this extremely popular ledger based service. International Business Machines (IBM) is offering a diversified blockchain enabled solution which will curb the issues of spam calls, switching mobile number portability (MNP) along with ‘Do Not Call’ (DNC) registries. It is revealed that the American IT giant is already ready with their proof of concepts which will be presented to the major telecom providers shortly.

The Telecom Regulatory Authority of India (TRAI) is already working with several firms to integrate the blockchain powered platforms for the upgrade of telecom industry. The know-how of blockchain is checked for its deployment in the apt areas to address the problems of number portability and Do Not Call registries.

The Vice President of IBM Research, Sriram Raghavan stated that the IBM blockchain solutions are likely to be rolled out by the early next year. He further added that this service will enable TRAI to have a better monitoring and transparency of the entire system as a regulatory body. This platform will be able to record customer’s consent for the DNC service as well as spot malfeasance quickly. However, he refrained to name the telecom providers which will be a part of this eminent project, as mentioned by Economic Times.

IBM’s Blockchain Solution Is Already A Success

IBM’s solution is a completely private network unlike other public blockchain networks and it aims to facilitate secure sharing of sensitive or crucial data between trusted users in the network.

According to Coinpedia, IBM blockchain solution has been acquired by several major firms successfully. The latest one is Abu Dhabi National Oil Company (ADNOC) which has integrated this solution in their existing platform increase operational efficiency in their entire chain along with greater transparency in transactions.

[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. ]

Neha graduated in Electronic Media and has worked with Times group for 3 years with an overall experience of 6 years. She is passionate about learning languages and is a certified French Language Expert and IELTS Trainer. Neha writes breaking cryptocurrency news stories for OWLT Market.

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