Blockchain Technology Use Cases In Telecom Industry

Hope the title have given you an idea about what we are going to see in this article!.  Yes, Today we are going to discuss about the concept “Blockchain In Telecom Industry” . We already know that Blockchain have started to transform many industries like banking, SCM, Fashion, Food, Medical and so on. That’s why we have discussed a very important concept in previous article, which is about “Blockchain in healthcare”.  

Now let’s discuss how Blockchain technology can transform telecom industry?

In this article you will learn,

1. Overview of telecom industry

I. How Tele Networks works?

II. The Leading Players in Telecom Industry India

III. Revenue model of Telecom Industry

2. Existing problems in Telecom Industry

3. How Blockchain could be used in telecom industry?

I. Blockchain use cases in telecom

4. Network providers who adopts Blockchain technology

5. How bitdeal can help Tele-networks in Blockchain implementation?

Telecom Industry : Overview

Let us choose Indian market place for better understanding about the topic.

When compare to other marketplaces, The number of people using smart phones and mobile internet is found to be very huge in India, That’s ‘why we have choose India and its network services provider for better understanding. 

There are several reasons for this growth, 

1. People are getting improved educationally

2. People understands the necessity of smart phones and mobile networks

3. Government also understands the need for Tele-Network

4. Digital India Plan have boosted the growth of Network usage

5. The arrival of new and free network services providers (like Jio)

6. Arrival of high speed networks (3G,4G,5G)

7. Comfortable pricing plans and combo services

8. Booking , payment and other online transactions requires mobile network

Like this we can list out a plenty of other reasons. So all these factors, brings up an unbelievable result. ( i.e) the number of mobile internet users in India is about 358.46 million people (2018)This would increase in count furthermore, so as of 2021 the count will be nearly 462.26 million.

Originally published on : Blockchain Technology Use Cases In Telecom Industry​