Manx Telecom and Minima complete blockchain PoC
Manx Telecom, an operator based on the Isle of Man, has successfully completed a blockchain proof of concept (PoC) with Minima.
Minima is decentralised Blockchain protocol that runs on mobile phones. Leveraging this technology, Manx Telecom can send tokens on Minima’s blockchain, from one phone to another, giving network access without touching any of the operator’s existing billing systems.
“Manx Telecom has a proud history of delivering telecoms innovation, working with like-minded partners,” said Gary Lamb, CEO of Manx Telecom Group.
“This blockchain PoC with Minima is the latest demonstration of our ability to innovate in an agile way and underlines our commitment to identifying technologies which can power the future of telecoms.”
In order to meet the growing demand for data which in turn is putting added pressure on charging and billing infrastructure, Minima manages access to mobile services with decentralised blockchain. This system involves the sale and acceptance of tokens as proof that the user is eligible to access the desired services, replacing the centralised and complex legacy approval systems.
As a result, telcos can sell tokens that represent 100 SMS messages or 1GB of internet data and accept payment back in tokens when the user requires these services. A permission-less blockchain allows decentralised payment at one of many base stations without requiring approval by the main operator. Users can then independently create secondary markets for token resale and exchange.
“Minima is perfectly positioned to enable the massive growth expected in Internet of Things devices, while satisfying increased consumer demand for mobile data and services,” said Hugo Feiler, CEO and co-founder at Minima.
“This successful first proof of concept with Manx Telecom has shown how the purchase and application of tokens can work in practice and we are looking to announce more partnerships and engagement from telecoms companies and other industries in the coming months.”
At present, the Minima testnet is running and will made available in the short term with Beta apps, while the mainnet will launch early in 2021.