Major European telcos move forward to unlock roaming blockchain benefits
October 30, Valencia, Spain: Clear, which uses blockchain to enable efficient B2B commerce, has today released details of multiple blockchain trials with Deutsche Telekom Global Carrier, Telefónica and Vodafone that could deliver instantaneous and frictionless commercial roaming processes between hundreds of mobile operators around the globe.
Traditionally, once per year, roaming partners go through a highly complex and largely manual process to work out what they owe each other for roaming on their respective networks. The trials, facilitated by Clear’s B2B platform, evaluated the technical feasibility of automating this wholesale roaming discount settlement process using blockchain. The process was able to handle a wide range of complex charging models and cut processing times to minutes.
Eran Haggiag, Co-Founder and Executive Chairman of Clear, said: “This is an exciting step forward towards the digital future, enabling further roaming related use cases and business models. There is a huge amount of potential for blockchain to automate many of the industry’s manual processes, delivering significant benefits for companies and their customers.”
The three telcos are now looking to work with the wider industry and the GSMA to investigate the potential for an open blockchain ecosystem and consider the future for ongoing financial settlements based on this technology.
For further information www.clearx.io/ or contact email@example.com
Clear was founded in early 2017 by a team of seasoned entrepreneurs to remove friction in complex B2B trade. Clear has created a business environment where true data confidentiality is achieved, allowing smart B2B contracts to be created and executed automatically, thus enhancing industry efficiency and driving new revenue opportunities across global industries. clearx.io
About Deutsche Telekom Global Carrier
Deutsche Telekom Global Carrier is the international wholesale division of Deutsche Telekom. We offer a comprehensive portfolio for all the needs of a rapidly transforming telco industry. One that is continually updated to provide fast, innovative solutions for future technologies and challenges. As one of the world’s leading carriers, we are able to satisfy the requirements of Deutsche Telekom Group’s international affiliates and more than 900 external customers worldwide.
With more than 20 years of experience in the international wholesale communication market, Deutsche Telekom Global Carrier offers next-generation platforms, extensive networks, a global backbone, 360 degrees of security, tailor-made solutions, worldwide connectivity, and much more.
The cutting-edge offerings of Deutsche Telekom Global Carrier include the following business segments:
- Voice & Mobile Services: market leader for voice termination and innovative, profitable mobile enablement.
- Internet & Content Services: one of the premier European internet and content players.
- Access & Transport Services: securely connecting customer’s global sites with a major European multi-service provider.
- Commercial Roaming Services: seamless international roaming with one of the largest networks in the world.
- In-Flight & Connectivity Services: broadband connectivity on short, mid and long-haul flights around the globe.
For more information please visit: globalcarrier.telekom.com
Telefónica is one of the largest telecommunications companies in the world by market capitalization and the number of customers with a comprehensive offering and quality of connectivity that is delivered over world class fixed, mobile and broadband networks. As a growing company, it prides itself on providing a differential experience based both on its corporate values and a public position that defends customer interests.
The company has a significant presence in 14 countries and over 346 million accesses around the world. Telefónica has a strong presence in Spain, Europe and Latin America, where the company focuses an important part of its growth strategy.
Telefónica is a 100% listed company and its shares are traded on the Spanish Stock Market and on those in New York and Lima.
About Vodafone Roaming Services
Vodafone Roaming Services ensures over 750 million mobile customers around the world can confidently connect abroad and enjoy voice and data services. We steer customers to the best available network and monitor their voice and data quality, around the clock. We also manage the contracts and technical connectivity with more than 700 foreign networks in almost every country of the world, negotiating rates and traffic volumes with our partners. We also make roaming work for other parties, too, with more than 40 mobile operators outsourcing their roaming services to us.
We are part of Vodafone Group, one of the world’s leading telecoms and technology service providers. As of 30 June 2019, Vodafone Group had approximately 640 million mobile customers, 21 million fixed broadband customers and 14 million TV customers, including all of the customers in Vodafone’s joint ventures and associates.
For more information, please visit: roaming.vodafone.com