Telecommunication companies Telefonica (Spain), Deutsche Telekom (Germany) and Vodafone (UK) have completed a pilot project to test the blockchain in calculating roaming payments.
The solution, developed by Clear startup, should reduce costs for telecommunication companies, provide faster calculation of profits and provide more efficient calculations for transactions and work processes between companies. It allows you to get an annual report on the calculation of discounts on roaming in minutes and in real time to report data discrepancies between different parties. After that, you can instantly update the data in the system for all participants.
“The coordination of roaming discount agreements is a complex, expensive process, during which errors often occur. With Clear, operators can seamlessly interact with an ecosystem of partners, which is critical in a growing 5G ecosystem. We anticipate a significant increase in operator interaction, ”said Johannes Opitz, Vice President of Deutsche Telekom for Commercial Roaming Services.
The companies participating in the pilot test of the Clear solution are encouraging their partners to connect to the system to ensure automatic roaming calculation and improve operator interaction.
“With the introduction of new, more sophisticated technologies, such as 5G and IoT, and even more radical innovations in roaming systems, digitalization is moving to a new level. Vodafone believes that the blockchain will help to cope with this, and its use will lay the foundation for further innovation. The Clear solution is a convincing demonstration of the benefits of the blockchain, ”said Sherif Bakir, CEO of Vodafone Romaing Services.
In May, it was reported that the Chinese telecommunications company China Telecom is integrating the blockchain into 5G systems to improve the efficiency of revenue sharing, billing and payments.