Blockchain in the Telecoms Industry: Revolutionizing Cell Phone Usage?

" Industries Blockchain Will Disrupt" - How often do you come across articles with a headline like this? Every time, we discover new ways to implement the tech and, while being filled with inspiration, look around to see no practical change.

It's no wonder why blockchain seems to be "The one" for many industries in which data processing is involved.

Blockchain grants all wishes when it comes to immutability and secure authentication, and promises to solve most if not all challenges that industries face.

Telecom company Bubbletone is developing a private blockchain for mobile operators and service providers to allow direct interaction with subscribers, eliminating roaming around the globe.

Another use case for blockchain in telecommunications is the trading of unused data.

Blockchain implementation could change that: Mobile device would be tied to the owner's identity, but instead of broadcasting the International Mobile Subscriber Identity, the owner's public key would be used.

The risk of fraud when roaming could be diminished by implementing a permissioned blockchain - i.e., one that limits parties that can access the chain and transact on it - between every pair of operators that have a roaming agreement.

Even if mobile carriers remain down-to-earth and don't support blockchain solutions, paying bills via the internet is still an option for many.

Blockchain allows for carrying out safe transactions, which is why so many payment services are based on distributed ledger technology.

Although blockchain implementation is still facing noticeable resistance among the masses when it comes to facilitating payments, the room for improvement of the telecommunications industry is nearly infinite - and if something can make it more efficient, faster, cheaper and safer, it is blockchain.