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New telco blockchain solutions unveiled

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Telecom operators around the world will be able to leverage a suite of new blockchain-enabled solutions, following a partnership between Subex and Tech Mahindra.

According to the two, CSPs will benefit from enhanced operational efficiencies by leveraging blockchain based smart contracts, in addition to real-time reconciliation reports with summarized data, and settlement solutions. 

The solutions will be integrated with Subex’s blockchain network. Tech Mahindra plans to extend the existing intercarrier settlement implementation in phase-II to include roaming agreements through smart contracts,  reducing operational costs and disputes, and supporting faster turnaround times.

Rajesh Dhuddu, blockchain and cybersecurity practice leader, Tech Mahindra, explained: “Being a service provider of choice for global telecom operators, Tech Mahindra will help reduce overheads and enhance business profitability. As part of TechMNxt Charther, Tech Mahindra aims to offer a cutting-edge solution built on Blockchain and smart contracts that optimises spends and proactively mitigates disputes.

“In the collaboration with Subex, adding blockchain as the middleware will add the necessary layer of security and ensure faster and efficient operational process.”

Tech Mahindra will roll-out solutions for telecom operators backed by its capabilities in operations support systems (OSS) and business support systems (BSS) domain.

Rohit Maheshwari, head of strategy and products at Subex, added: “It is indeed a great pleasure for Subex to be joining hands with Tech Mahindra, towards making Blockchain a business reality within the telecom world. With Subex’s strategy of enabling businesses to build trust within the digital ecosystem, we believe that Blockchain-based technologies will play an important piece to that puzzle.

“Towards this, we have made significant strides towards leveraging Blockchain in solving challenges across multiple use cases. Considering Tech Mahindra’s visionary stance towards Blockchain, and their renowned leadership towards driving digital transformation projects built upon the technology, we believe that this partnership will go a long way towards increasing the adoption of Blockchain within the telecom industry.”

 

 

 

 

 

 

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