Blockchain will contribute almost $1 billion to the telecoms sector alone within the next five years, MarketWatch reports Wednesday, July 11. a new research forecasts this week.
According to a global market research store Research and Markets, blockchain technology in telecoms will explode from a $46.6 million industry in 2018 to one worth $993.8 million in 2023.
The 132-page report singles out “rising security concerns” as one of the major factors driving the spread of blockchain, which operators in the arena view as a potential safeguard despite its still-fluid regulatory status.
“The blockchain in telecom market is driven by various factors, such as the increasing support for OSS/BSS [operations support systems/ business support systems] processes and rising security concerns among telcos,” an abstract of the report summarizes.
Research and Markets nevertheless appears unfazed by the broader mixed reception, foreseeing an 84 percent compound annual growth rate (CAGR) for blockchain in telecoms.
A global blockchain consortium of telecom carriers has announced that six further major international telecoms firms are joining its ranks, CT Japan reports today, July 6. The consortium, dubbed ‘The Carrier Blockchain Study Group’ (CBSG) has also today unveiled the creation of a new blockchain working group that will focus on global remittance services. Launched
A group of ASEAN and South Asian telecoms have joined a consortium of global telecommunication companies to explore ways to utilize blockchain technology.
SmartCard Marketing Systems Inc has announced the release of its Blockchain solution offering Granularchain.com. SmartCard Marketing, Inc. (OTC:SMKG) is a Fintech solutions provider to the global payments industry delivering a cloud-based EMV Host platform to Issuing & Acquiring banks, telecoms & global enterprises Its Granularchain is a blockchain solution for creating digital ID keys for […]
Alibaba subsidiary Ant Financial has trialled its first blockchain remittances, sending a transaction in three seconds, Bloomberg reports June 25. The company, formerly known as AliPay, completed a funds transfer between its AliPayHK app in Hong Kong and Filipino payment app GCash, its joint project with local telecoms company Globe Telecom. Part of a growing
Nokia, a Finnish telecoms company, is joining the crypto revolution. According to reports, Nokia has developed a technology for encrypting digital assets and addressing vulnerabilities. The Finnish company formally applied for a patent for the encryption of digital assets with the Chinese Intellectual Property Administration last June 2024.
Deutsche Telekom has joined Polygon as a network validator. The telecommunications giant’s subsidiary Deutsche Telekom MMS will offer staking services to Polygon POS and Supernets. Deutsche Telekom MMS provides validation and staking services on Ethereum, Flow and Chainlink among other chains.
Hugo Feiler, CEO of Minima Global, thinks that blockchain will be an important technology...
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Reliance Jio, which recently became the largest private telecom company in India and the world, has announced the launch of a proprietary blockchain solution built to improve customer data privacy. In the report by ET Telecom, August 12, 2019, Reliance executive chairman Mukesh Ambani, spoke of the imminent transformation of Jio into a technology companyRead MoreRead More.
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Smartphone users in India can soon say goodbye for good to unsolicited pesky calls and messages as one of the country’s largest telecom companies, Bharti Airtel in partnership with IBM plans to deploy a blockchain-powered pan-India network.