HomeBlockchainHow Blockchain is impacting the Telecommunication Industry

How Blockchain is impacting the Telecommunication Industry

Most Read

Telecommunication service providers are openly accepting the disruptive power of Blockchain technology in their systems. Blockchain has the power to overcome the challenges the telecom industry is facing for some time now.

Some of the well-known companies and universities like British telecom, Huawei, Samsung, Verizon, etc. have secured patents in blockchain-telecom solutions.

- Advertisement -

The impact Blockchain can make on the telecommunications industry is extensive and thus worth looking into. Of these companies mentioned some like Huawei holds most core 5G essential patents and are actively working on the enablement of 5G across the world.

Naturally, the very first impact of Blockchain on the telecom industry Deepak talks about is the enablement of the 5G network.

First and foremost: enabling 5G network

For the realization of 5G’s ubiquitous access across various networks, Communication Service providers will need to handle different access nodes and diverse access mechanisms. Selecting the fastest access node for every user or machine will be a central challenge for the telecom industry in the future.

The 3GPP (LTE, GPRS) and non-3GPP (WiMax, WLAN, WiFi) access networks in a given area can be networked via a blockchain where each access point (WiFi router, SP cell tower, etc.) can serve as a node in the network monitoring the devices. The service provider can accept a new device into the network and the nearest access point can provide service to the device.

Preventing subscriber ID & Roaming Fraud and the provision of e-Sim
In 2021, the total amount of telecom revenue loss due to fraud is estimated to be 2.22% of revenues or $39.89 Billion. An appalling 28% increase as compared to 2019, which was approximately $11.6 Billion.

These frauds are mainly related to subscriber identification, data charges in roaming, etc.

Blockchain can be implemented to improve the authentication aspect. The advantages of blockchain’s multiple, decentralized storage are robustness and trust. In addition, Blockchain can also minimize costs for fraud detection applications while reducing the losses due to fraud.

Public-private cryptography inherent in a blockchain can be used to identify a device and link that device to a subscriber’s identity. Instead of sending the unique ID of every user on the cellular network, a public key can be generated from a private key stored securely on the phone. Neither the carrier nor any other third party needs to know the private key.

The ‘eSIM’ solution can help protect private information that is encrypted in the private key. The future would not only be on a more secure network but also go sim-less as no physical sim will be required. Thus eliminating the manufacturing cost of a sim.

Minimizing location inaccuracy

In a mobile communication network, if GPS signals are weak, locating the mobile terminals becomes difficult and so does verifying the authenticity of the location broadcast by other nodes.

A cellular positioning method, as described in patent no. CN107172586A can minimize this inaccuracy. Using this method, relative locations of the terminals can be stored in a Blockchain, whose blocks can be regarded as trusted nodes of a consensus mechanism; and the users can accurately position their own location information in the network.

- Advertisement -

Facilitating the Internet of Things

The IoT network carries extremely sensitive data of a company’s core assets including customer information. This makes data and network security a necessary but expensive pillar of IoT connectivity.

Using a sufficiently large number of nodes, a blockchain can enable secure and errorless peer-to-peer(P2P) connectivity for thousands of IoT devices with networks that are cost-efficient and self-managed. These blockchain network nodes can be represented by single embedded IoT sensors with the ability to verify every block being changed within the blockchain.

Machines within a manufacturing plant will be able to communicate and authenticate themselves via the blockchain to steer the production processes.

Prevention of phone theft

In case of phone theft, the process of blocking the phone today is manual and can only be done by the mobile phone or the network operator. Additionally, telecom providers have limited capabilities to detect a stolen device as they are reliant on a Global Operator database which needs periodic updating.

With blockchain Communication service providers can store unique device/SIM data along with customer profiles, instantly block the stolen device, and also inform any third party of the change of status. Additionally, the customer’s home country operator can lodge an FIR and store it on the blockchain network. This would enable telecom operators around the world to detect stolen devices.

Besides many other challenges, one of the main problems the telecom industry faces today is generating revenue. The telecom industry has been losing a little average revenue per user over the years in almost every region across the globe. Blockchain can change that.

With technology innovation, improved security, transparency, data immutability, and control, Blockchain will entirely change the telecommunication industry’s business model.

Companies like At&T, Huawei, etc have already put their step forward toward the amalgamation of Blockchain technology into the Telecom industry. Blockchain is sure to bring a lot of changes in the industry, changes that the telecom industry has long awaited.

Subscribe To Morning Newsletters

Sign up to receive the latest news stories, exclusive interviews, and more in your inbox.

We don’t spam! Read our privacy policy for more info.

Editor's Pick

Deepak Syal
Deepak Syalhttp://greyb.com
Deepak Syal Director and Co-founder GreyB.

Read More Stories

SKF Showcases Intelligent & Clean Solutions for the Textile Industry at International Textile Machinery Exhibition (ITME) 2022

SKF India, the country's leading technology and solutions provider of bearings and services will showcase innovative products and solutions...

OneRare and Cornitos: Bringing the Magic of Cornitos to the Foodverse

Cornitos is a leader in the Snack category and has always strived to give its fans and patrons the...

Chitkara University Signs MoU with NEC Corporation India to Transform Learning in the Field of AI/ML

Chitkara University announced its collaboration with NEC Corporation India, a wholly owned subsidiary of NEC Corporation, for a comprehensive...

Role of skills-based hiring in promoting inclusive economic growth in India

In recent years, India's employment landscape has experienced a profound shift, with an increasing emphasis on skills-based hiring. This...

Global Cryptocurrency Regulations: Impact on Industry and Investor Behavior in 2024

The world of cryptocurrency has seen remarkable growth and evolution since its inception, transitioning from obscure digital assets to...

COP28 UAE: SANY Promotes Green Manufacturing Transformation, Takes Concrete Action to Tackle Climate Challenges

CHANGSHA, China, Nov. 23, 2023 /PRNewswire/ -- SANY Group, ("SANY"), a globally leading enterprise of the high-end equipment manufacturing industry, is accentuating advancing sustainable development and the green manufacturing transformation of the heavy machinery industry, ahead of the COP28 UAE, that is set to take place from November 30 to December 12 in Dubai. The theme of the 13-day program this year is "Actionism," calling for people to rise to meet the climate change challenges.

The COP28 will center on four major paradigm shifts – namely accelerating the transition from fossil fuels, agreeing on climate finance shifts, emphasizing the role of people and nature in climate action, and ensuring the summit is an inclusive event that women, indigenous people, local communities, youth, countries and more can all be a part of.

SANY is responding actively and positively to the summit's agenda with concrete actions to promote the transformation of green manufacturing, bringing sustainable solutions to the industries of mining, construction, wind power, and more.

Taking green actions to build a sustainable future

SANY is vigorously expanding the use of green energy (renewables such as solar and wind) in production processes to reduce the reliance on traditional energy sources, lower carbon emissions, and support climate change actions. It has adopted multiple initiatives, especially in accelerating the R&D and application of wind energy, hydrogen, and electrification solutions, and achieved significant results.

SANY's subsidiary SANY Renewable Energy has been investing in and constructing wind farms to boost the proportion of wind power in the energy structure, through intelligent upgrades in manufacturing and creating intelligent workshops. By doing this, SANY Renewable Energy has reduced the overall unit energy consumption and carbon emissions by 15 percent compared to pre-upgrade.

In 2022, SANY has added more than 3,000 energy metering connections. SANY built China's first intelligent mixing station park and invested 3.22 million yuan in photovoltaic construction that will produce 900,000 kWh of power annually. The park will cut 887 tons of carbon emission, 242 tons of dust emissions, 26.7 tons of sulfide, and 13.4 tons of nitric oxide to achieve synergetic development of intelligent manufacturing and environmental conservation.

A total of 11 subsidiaries of SANY have installed photovoltaic power generation equipment, with clean energy usage amounting to 16.013 million kWh.

SANY is actively engaged in the R&D of hydrogen fuel cell technology to improve battery efficiency, reduce cost, and boost the production and storage capabilities, while expanding the applications of hydrogen energy.

Innovation-driven climate action tackles industry bottlenecks

Through establishing a green supply chain, SANY adopts renewable materials and environmentally friendly technologies to reduce resource waste and improve the sustainability of the supply chain.

SANY continues to improve the long-term mechanism for pollution prevention and control, strengthen the control of waste emissions including water, gas, and other hazardous substances, and be cautious of business and operation actions that could damage the ecological environment. In 2022, the group's wastewater and gas emissions met the standard rate of 100 percent, with a 100 percent compliance rate for hazardous waste disposal.

The group is also pushing for using environment-friendly materials to minimize pollution, so that the carbon reduction throughout the product life cycle also includes materials. In 2022, its VOCs emission density was 0.0011 tons per million revenue, a 39.71 percent reduction from the base year.

Meanwhile, the continuous upgrade of production techniques and processes, promotion of energy conservation technologies, and advancement of low-carbon technology development are not only playing key roles in improving production efficiency, but also reducing carbon footprint and aims to reach the "dual-carbon" goals.

Calling for the public's participation

SANY has been carrying out training programs and campaigns centered on environmental protection for employees, while further raising community engagement in terms of green, low-carbon, community-friendly, and educational innovation agendas. In 2022, the company employees completed 687.4 hours of volunteer work, and SANY invested 9.75 million yuan in the year to support 15 public welfare projects.

SANY Construction Industry is leading the green technology application in urban infrastructure construction to accelerate the sustainable development of cities and building intelligent cities, green transportation systems, and energy-conserving architectures to reduce energy consumption, improving urban environment quality and people's livelihoods.

In terms of biodiversity and sustainable development, SANY emphasizes the conservation of soil, ocean, crops, and animals to create a better future, and advocates a circular economy to decrease the waste of resources.

In the context of increasingly severe issues of global climate change, SANY, as a leader in the green industry, is committed to promoting sustainable development and actively joining global efforts to address climate change through comprehensive initiatives such as green supply chains, green energy, and carbon emission reduction.

For more information about SANY Group, please visit www.sanyglobal.com or follow us on Facebook or YouTube.

Video - https://mma.prnewswire.com/media/2284211/SANY_s_New_Energy_Action.mp4
Logo - https://mma.prnewswire.com/media/1518641/logo_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/cop28-uae-sany-promotes-green-manufacturing-transformation-takes-concrete-action-to-tackle-climate-challenges-301996601.html