SMARTERWIRELESSBenefitsofBlockchainBlockchainandtheTelecommunicationsIndustry:Blockchain,5GandIoTBlockchainisawidelydiscussedtechnologywhichhasthepotentialtogreatlyimpactallindustries–notleastthetelecommunicationsindustry.Thebenefitsoftrustandtransparency,theincorruptibledataanditsfailsafenaturemeansthatablockchainnetworkprovidestheconstantavailabilityoffullyup-to-dateinformation.Thiscouldenablebettertrackingofcustomers’activityandbetterprovisioningofservicesforthecustomer.Trustandtransparencyareanimportantelementoftheblockchain.Asdataisembeddedwithinawidelydistributednetwork,bydesign,blockchainsareinherentlyresistanttodatamodification.Oncecommitted,datacan’tbeamendedwithoutusingmassivecomputingpowerandleavingatraceabledigitalfootprint.Becausedataisembeddedinthenetworkitremainsaccessibletoall,keepingeveryoneinvolvedawareofeverydigitaltransaction.Thismeanstrustisn’testablishedexternallybyacentralauthorityoranauditor,butcontinuously,withinthenetwork.ImpactonthetelecommunicationsindustryMobiletelecomsoperatorsmayseethegreatestimpactofblockchainintheircoremanagementsystemsandinadjacentservices.Overthepasttwodecades,disruptivetechnologiessuchasthosebyOverTheTop(OTT)suppliershavebeenintroduced,andsometelecomsoperatorshaveseendecreasingrevenuesandincreasingoperatingcostsasaresult.Thereisalsocontinualtransformationintheindustryasitmovestowardsthewideadoptionof5GandIoT.Theresultsofblockchainadoptioncouldbecostreduction(throughprocessefficiencygains)andrevenuegrowth(throughnewvaluepropositions),asexploredinthispaper.Blockchainisadistributedledgerwhichrecordsdigitaltransactionsordata.Thisissecurelyheldinmultiplelocationsandisupdatedinstantly.Pictureaspreadsheetthatisduplicatedthousandsoftimesacrossanetworkofcomputers.Thenimaginethatthisnetworkisdesignedtosecurethespreadsheet,aswellasregularlyupdateit,andyouhaveabasicunderstandingofblockchain.Whatisblockchain?SMARTERWIRELESSFraudManagementandPreventionWithanestimatedannuallosstotheindustryof$38billion,fraudmanagementandp...
