As communications service providers (CSPs) are able to deliver next generation services that take advantage of technology such as 5G, IoT, and mobile edge computing (MEC), the importance of managing these services in the most efficient and cost-effective way will be vital.
And Haidrun, a new enterprise blockchain platform, has been launched to specifically target the telecom industry, to support the delivery of “high-value, trusted digital services such as managing digital rights and streaming services, tracking home equipment, Domain Name System (DNS) services and managing device identity and security for IoT, Edge and 5G services.”
“Private blockchains are more suitable for enterprises for reasons of scale, accountability and cost and can be run as a Blockchain-as-a Service,” said Haidrun CEO and founder Jonas Lundqvist. “While the telecoms industry has always been at the forefront of embracing disruptive technologies, it is yet to harness the full potential of blockchain technology at scale. But unlike public blockchains where there is no entity in charge and anyone can interact with the blockchain, private networks retain control, eliminate illicit activities, provide a high degree of regulation and avoid variable costs and performance fluctuations associated with public platforms.”
Blockchain is vital for telecoms providers
In our 5G predictions for 2021 post, Jurie Roux, product marketing manager at TEOCO, explained the importance of operators needing to address how to automate and manage small cell contracts, and suggested blockchain would become vital in the delivery of 5G use cases and services.
"The regular joke is that blockchain is a solution in search of a problem,” Roux explained. “With telecoms, it’s found it. Infrastructure and hardware is often a mess of complex relationships and agreements, and smart contracts that run on blockchain can manage these relationships effectively.”
Haidrun has also identified this need for more automated solutions, and its platform for telecoms companies can help simplify and reduce the cost of support and business systems, including partner, enterprise and customer management to tackle contracts, settlement, supply chain and SLAs, while support for smart contracts can be used to streamline roaming agreements and reduce fraud.
“Our fundamental value proposition for the telecoms industry is to unlock the real business benefits of blockchain to provide the fast, secure, scalable and cost-effective solutions that digital commerce demands,” said Lundqvist. “Blockchain technology stands to boost the global economy by $1.7 trillion in the next decade according to a report published last year by PwC and we believe that enterprise blockchain deployments will deliver much of these gains.”
The Haidrun platform is a non-open source, flexible and scalable private blockchain, built on an advanced architecture that uses AI engines to help accelerate intelligent business automation and deliver secure and transparent transactions
For more information, go to www.haidrun.com.