Separate the Hype Blockchain from reality

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Depending on who you listen to, blockchain is an excessive quirk or a milestone in legal and financial innovation comparable to double-entry accounting. In essence, blockchain is a decentralized and immutable electronic ledger; a record of historical transactions written only once, as opposed to a database that can be overwritten.

So what is the relevance of the blockchain for the telecommunications industry, if it exists? We decided to explore the drivers for the adoption of blockchain by the providers of communication services (CSP) and to evaluate the main opportunities. The results were published this week in Heavy Reading's latest report, Blockchain Opportunities for CSPs: Separating Hype From Reality.

We have found that about a third of CSPs are already considering or actively engaged with blockchain projects, mainly to solve security problems. BSS and OSS are also potential blockchain break areas in areas such as number portability and billing. There do not seem to be many applications at the network level, although some thinkers have postulated its use in the network addressing control plan.

Although there is a strong interest in the blockchain, as evidenced by the popularity of
this panel at the next Light Reading conference on the operations defined by the software, we should not be dragged too much. Blockchain can be used to solve many trust-based problems, but sometimes these can be solved more cost-effectively using traditional database technology.

Blockchain Opportunities for CSP: Separation of Hype from Reality Contours:

  • The level of adoption of blockchain in the telecommunications sector today.
  • Key cases of use of CSP for blockchain.
  • The major CSP blockchain and vendor initiatives, such as the Carrier Blockchain study group, the Mobile Authentication Taskforce and more.
  • The size of the blockchain opportunities for CSP, in terms of increased revenue or savings potential, through mobile roaming, security, fraud prevention, identity and mobile payments.

The report also provides a framework for assessing the usefulness of blockchain in a particular case of use, and profiles seven blockchain specialists who cater to the telecommunications market.

– James Crawshaw, Senior Analyst, Heavy Reading

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