Smart Contracts in Mobile Telecom Networks

Abstract

Blockchain is one of the most discussed disruptive technologies of recent times and for good reason; it has the potential of transforming how industries work into a more secure path. The technology can be applied in sectors that create value and where trust and security are of concern. In its early years, we have seen tremendous growth in Blockchain-based solutions for the financial sector with implementations in banking and cryptocurrencies and research of this technology in other sectors like IoT, Asset management etc. This paper discovers the possibility of exploring Blockchain in the telecom sector for a billing and charging solution which removes the industry's reliance on third party clearing houses by building in trust and security into the system thereby improving the speed and bringing down the costs of managing such large scale transactional data. Blockchain can be used to manage the CDR (Call Detail Records), fulfil roaming agreements between operators and even facilitate operator independent balance transfers between the users; all while maintaining state of the art cryptographic security of the system and drastically reducing the turnaround time of these transactions.