It seems that the old-timer technology giant, International Business Machines (IBM), is seriously targeting institutions with their blockchain technology development branch.
The latest news comes from the east as it was reported that IBM is going to collaborate with Indian telecom firms to provide solutions for mobile number portability and Do Not Call (DNC) registries.
It is known that the Telecom Regulatory Authority of India (TRAI) and various of the country’s telecom providers have been experimenting on coordination among multiple parties concerning DNC registries and number portability in cooperation with different blockchain development firms, but this is the first time that we have something concrete on our hands.
The rollout scheduled for the start of 2019
According to the vice president of IBM Research and CTO of IBM India and South Asia, Sriram Raghavan, his company has completed proof of concepts and pilots with all the major telecom providers and TRAI.
“We anticipate going into the New Year, we’ll start to see blockchain solutions getting rolled out,” he revealed when asked about IBM’s plans for the new year.
Raghavan also emphasized that their system provides TRAI as a regulator with more visibility and the ability to spot malfeasance quickly. “Mobile number portability is a multiparty process too, involving a minimum of two telecom providers, where blockchain can play a role,” he explained.
Permissioned network
It seems that the network implemented by Indian telecoms will not be the ordinary public blockchain, but permissioned system instead.
Raghavan explained that ideal systems for this kind of task are public permissioned networks. The network is basically public. However, users can’t simply download a code to join it like they do with downloading, for example, Bitcoin (BTC) wallets. Users have to receive the special permission to be able to use the network.
According to the IBM’s vice president of research, since the law doesn’t allow entities to do business anonymously, permissioned networks are the optimal solution for telecom service providers as they retain the power to deny access.
Against crypto but pro blockchain
Even though the Indian government took a hostile stance towards cryptocurrencies, it seems that country’s regulators have anything against the technology behind digital assets. That was confirmed when in February, TRAI had conducted a review of the proof of concepts on the distributed ledger technology (DLT). Their evaluation showed what was possible to do with the new technology, so the lawmaker came up with the set of regulations in May.
It is reported that the next step for telecom services to implement the blockchain technology in their businesses is to select vendors and set up the systems compliant with TRAI’s regulatory framework.
It seems that, just like China, which has cracked down on anything connected to cryptocurrencies but is developing its own blockchain solutions, the Indian government opened its doors to the new technology just to close them for some of its features.
Anyhow, India is a huge market, and it is just a matter of time until IBM gets some serious competition. We’ll keep you informed.
Thanks for your posting. What I want to comment on is that while looking for a good on the web electronics go shopping, look for a web-site with total information on important factors such as the security statement, safety details, payment methods, and other terms and also policies. Generally take time to see the help in addition to FAQ pieces to get a greater idea of the way the shop works, what they are capable of doing for you, and exactly how you can make the most of the features.
The crux of your writing whilst appearing reasonable in the beginning, did not sit properly with me personally after some time. Somewhere within the sentences you actually managed to make me a believer unfortunately just for a while. I however have got a problem with your jumps in logic and you would do nicely to help fill in all those gaps. In the event that you can accomplish that, I would surely be fascinated.
You are my inspiration , I possess few web logs and occasionally run out from to post .
We’re a bunch of volunteers and opening a brand new scheme in our community. Your site provided us with useful info to paintings on. You’ve done a formidable task and our entire neighborhood will likely be grateful to you.
Hello There. I found your weblog the usage of msn. This is a very smartly written article. I will make sure to bookmark it and return to learn more of your useful info. Thank you for the post. I?ll definitely return.
Greetings! Very useful advice in this particular article! It’s the little changes
“성인망가”
which will make the most significant changes. Many thanks for sharing!
Thank you for your article post.Really looking forward to read more. Want more.
hello!,I like your writing very much! share we communicate more about your article on AOL? I need a specialist on this area to solve my problem. May be that’s you! Looking forward to see you.
Wonderful website. Plenty of useful information here. I am sending it to several friends ans also sharing in delicious. And obviously, thank you in your sweat!
I’m truly enjoying the design and layout of your blog. It’s a very easy on the eyes which makes it much more pleasant for me to come here and visit more often. Did you hire out a developer to create your theme? Outstanding work!