The telecommunications companies Telefonica (Spain), Deutsche Telekom (Germany), and Vodafone (Great Britain) have completed a pilot project to test the blockchain in calculating payments for roaming.
The solution developed by Startup Clear should reduce costs for telecom companies, provide a faster calculation of profits, and a more efficient calculation of transactions and work processes between companies. It allows the users to get an annual report on the calculation of discounts on roaming in minutes and report in real-time on the discrepancies between the different parties. After that, you can instantly update the data in the system for all participants.
“Harmonization of roaming discount agreements is a complex, expensive process in which errors often occur. With Clear, operators can interact seamlessly with the partner ecosystem, which is critical in a growing 5G ecosystem. We foresee significant growth in operator interactions,” Johannes Opitz, Deutsche Telekom vice president, Commercial Roaming Services, said.
Companies that participated in the pilot testing of Clear’s solution call on their partners to connect to the system to provide automatic calculation of roaming and improve the interaction of operators.
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Technical analysis of Ethereum (ETH):
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Technical analysis of Ripple (XRP):
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