Transformation of the Telecom Industry as a Result of Blockchain Technology in India
Srishti Shaifali Minz, Ravi Mikkilineni, Shweta Dewangan · Advances in business information systems and analytics book series · 2023
The study analyses the transformation of the telecom industry through blockchain technology as instructed by TRAI. India is a developing country where many sectors depend on telecommunication, which made the telecom industry adopt blockchain technology to eliminate various shortcomings and provide security, transparency, immutability, and control from the point of transaction and have an immediate and tangible value to roaming and settlements, identity management, mobile number portability, SLA monitoring, prevention of phone theft, and by creating a single source of truth of networks. Other use cases emerge including 5G participants with blockchain, telecom infrastructure marketplace, payments through mobile wallets, device identity, security management to elucidate timeworn industry disputes, unveiling of latest products and services with security, and drive growth to the new world of digital transformation.