EEA Publishes Blockchain Solution Document For Telecom Industry
The Enterprise Ethereum Alliance (EEA) has released a collection of applications of blockchain in the telecommunication industry. The EEA’s main objective is to fix standards in the blockchain space.
Blockchain solutions for telecoms
According to an announcement released on August 28th, the new document citing blockchain solutions in telecommunications was made by EEA’s Telecom Special Interest Group (SIG).
The document is free and easily accessible to the public. It consists of details on how blockchain can regulate business transactions and internal operations in telecom. Moreover, the document purportedly shows how the apparent standard-based solutions can reduce the risk of fraud, along with the major monetary benefits.
Use cases and contributors
The document also contains various detailed applications for blockchain in telecom, including Data Privacy and Monetization; Blockchain-based Telecom Call Roaming User Authentication; Blockchain-based Telecom Call Roaming Reconciliation. Dr. Andreas Freund, the member of EEA Telecom SIG, said:
“These telecom use cases allow the EEA to identify the building blocks, automated contracts, and standards needed to drive the next generation of Ethereum-based telecom applications […] Our goal is to educate EEA members along with global telecom professionals to the uses and benefits of EEA standards and Enterprise Ethereum blockchain technologies while fostering industry cooperation and interaction.”
A lot of big telecom groups heled in creating this document. Ron Resnick, the Executive Director of EEA mentioned some of the significant contributors, saying:
“On behalf of the EEA and the EEA Telecom SIG, we would like to thank T-Mobile, SK Telecom, KDDI, and ConsenSys for their extensive contributions. We hope that other global telecom leaders will join the EEA Telecom SIG’s efforts to expand upon this important work.”
Prior work by the EEA
Previously in May, the EEA had released a document on blockchain applications in the real estate industry. More than 50 real estate firms had significant contributions to this project, which comprised of four main applications of blockchain in the real estate sector.
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