Major European Telcos Move Forward to Unlock Roaming Blockchain Benefits
Wednesday, October 30, 2019 6:55 AM
VALENCIA, SPAIN / ACCESSWIRE / October 30, 2019 / Clear, which uses blockchain to enable efficient B2B commerce, has today released details of multiple blockchain trials with Deutsche Telekom Global Carrier, Telefónica and Vodafone that could deliver instantaneous and frictionless commercial roaming processes between hundreds of mobile operators around the globe.
Traditionally, once per year, roaming partners go through a highly complex and largely manual process to work out what they owe each other for roaming on their respective networks. The trials, facilitated by Clear's B2B platform, evaluated the technical feasibility of automating this wholesale roaming discount settlement process using blockchain. The process was able to handle a wide range of complex charging models and cut processing times to minutes.
Eran Haggiag, Co-Founder and Executive Chairman of Clear, said: "This is an exciting step forward towards the digital future, enabling further roaming related use cases and business models. There is a huge amount of potential for blockchain to automate many of the industry's manual processes, delivering significant benefits for companies and their customers."
The three telcos are now looking to work with the wider industry and the GSMA to investigate the potential for an open blockchain ecosystem and consider the future for ongoing financial settlements based on this technology.
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Clear was founded in early 2017 by a team of seasoned entrepreneurs to remove friction in complex B2B trade. Clear has created a business environment where true data confidentiality is achieved, allowing smart B2B contracts to be created and executed automatically, thus enhancing industry efficiency and driving new revenue opportunities across global industries. clearx.io