Improving Inter-Operator Agreements with Blockchain
At Deutsche Telekom Global Carrier, we believe blockchain has the potential to transform the world of inter-operator agreements. That’s why we’re working with three other network operators and the GSM Association on a joint blockchain platform. We’re also examining its use in several of our business sectors: Access & Transport Services, Commercial Roaming and Voice Termination. And, we’ve taken a leading role in an industry blockchain working group.
As do other telco players, Deutsche Telekom Global Carrier has inter-operator arrangements with hundreds of other businesses. These entail a series of actions, from the first inquiry to sales, ordering, operations, billing and settlement. Yet a majority of those measures are handled manually. This inefficient and costly method results in mistakes, lengthy settlement processes and the risk of fraud.
Technologies are rapidly advancing, as can already be seen with NB-IoT, LTE-M, VoLTE, ViLTE, 5G, big data, and AI.
Those developments will also need contractual services, accelerating the need for more flexibility and speed with inter-operator agreements. Blockchain would automate those processes while creating an unalterable record of transactions. It would expedite operations, diminish disputes, enhance customer experience and, by doing so, increase revenue.
Read more here about how we're exploiting blockchain to ensure future growth across the industry.