FINtech, INSURtech, REGtech, MEDtech and PEERtech, there is no shortage of collaboration in the emergent Blockchain, Distributed Ledger Technologies(DLT), Iot, 5G and Cloud worlds. What about in the Telecommunications World?
In a previous BLOG (DLT’s in the BSS PDQ?) we had suggested that Telecommunications Service Providers (carriers) deploy Blockchains or Distributed Ledger Technologies (DLT’s) within their Billing Systems. “Inside a carrier” may not be the best place best place to “entrust” such a block chain. Consider our past experiences:
A Partner Company “Air” was accelerated by a FINtech group that presented our product-set to a number of Banks. Although interested, Banks are very hesitant to such change.
After discussions with a number of carriers about the Carrier-BSS/Blockchain concept, the same is true of any changes to their backoffice/billing systems.
Clearly the Banks “fear of change” towards Blockchain is analogous to the Carriers reticence to change their consolidation & billing engines. The denial for back-office-change include such reasons as:
Complexity of current consolidation & billing practices
Exposure of billing mismanagement & poor business constructs (rationale for TEM)
Margin-concealing practices like Value-based Contracts
Fundamental telecoms technology trending…
Blockchains are “intranet-based infrastructures” by nature (similar to LANs/WANs &/or ERP systems, they function w/in a specific domain (some cases, like Bitcoin, those domains are global)). As stated in an interesting, Peertech blog, Blockchains are “an “enabling infrastructure template” that requires a plethora of Applications, Processes, Solutions and layered-services to drive those templates.” .
What if we set up an “intranet” outside of the Telcos domain… with the TEM companies… or by social groups (like Lemonade, the peer-to-peer insurance-sharing innovation)…or even Users themselves…
TEMteam is actually working on enabling Distributed Ledger Technologies (DLT’s) or blockchain from the “CUSTOMER-side” (or the TEM-side) with a wireless Application that all of the users would have to “drive out the mistrust in the operators” with regards to call logs/activities. TEMteam is currently in discussion with Saaswedo and their product Datalert which closely aligns on the Data-side of an “extranet domain”. Of course, “many roads lead to Rome”.
Anyone (TEM company or Telecom Operator or Start-up/Social Group) interested in strategizing, developing and integrating this idea is welcome to contact us to explore and drive this initiative.