Blockchain in Telecom
Telecommunication or Telecom in short refers to interchange of information by electronic and electrical means over near and quite significant distances. It is rather a generic term used for a wide range of info transmission technology like mobile phones, land lines, Broadband, VoIP and broadcast networks. In telecoms, information are transmitted among the communication participants in form of electrical signals referred to as carrier waves, which can be modulated into analog and digital signals for transmission, and then demodulated into its original data form i.e. image, audio or video. Telecom technicians play major roles in delivering Internet, phone and digital services to their customers.
Blockchain in telecom- What’s new?
Communication is one of the extremely important aspects, not only for people around the world, but also for small to mid-sized and large businesses. If communication were to fail, then the world would not be what it is now and would go into a stand still. Though there are numerous challenges being faced in the telecom sector, the recent advancements promise to take care of the flaws and resolve the issues lurking in this. Blockchain is one such aspect of technology that holds tremendous potential to influence the telecom industry and projects a promising future trajectory for communications to move forward.
The Key features include:
- Internal operations
- Smart connections
- Mobile money
- Smart transactions
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