Blockchain project launched by Deutsche Telekom, Telefónica, and Vodafone

Eran Haggiag.jpg

Three major telcos, Deutsche Telekom, Telefónica, and Vodafone have successfully trailed a blockchain settlement solution developed by Clear.

In creating a “new frictionless ecosystem”, the solution is billed as providing faster revenue recognition, lower capital costs, and higher speed and efficiency.

The first trial encompassed a settlement for roaming data from the three providers for 2019. Operator benefits included obtaining yearly settlement results in minutes instead of hours; uncovering data discrepancies visible to both sides in real-time; and the ability to update or correct data instantaneously.

Eran Haggiag (pictured), co-founder and executive chairman of Clear, said: “To eliminate the complexity and streamline the process of B2B settlements, Clear developed a blockchain-based solution designed to automate contract settlement for enterprises, while guaranteeing control, security, and privacy. This trial is a huge step forward to a world of improved partnerships, minimum disputes, and accelerated innovation.”

Additional operators are now being onboarded and with Clear offering free installation and an extended trial to new operators until the end of 2020. Operators who join can examine the platform as a first step to building the new partnerships needed for 5G, edge computing, and IoT ecosystems.  

“Initiatives from leading industry bodies such as the GSMA and the GLF are now pushing for industry adoption across multiple use cases. Clear and its partners are committed to aligning with industry standards to assure interoperability and access for all players to the forming networks,” concluded Haggiag.

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