Carrying the Communications industry forward
May 11, 2018
Blockchain technology puts communications service providers (CSPs) on the brink of a $1 trillion-plus opportunity: playing a key role in tracking and transferring value across billions of devices, sensors and other entities where their Pervasive Network plays a part.
At its most basic level, blockchain—a subset of distributed ledger technology (DLT)—is a new type of database system, distributed.
Blockchain technology allows multiple stakeholders to confidently and securely access identical copies of distributed data. There is no need to run a costly and slow inter-organization data reconciliation process.
CSPs’ revenue growth opportunity lies in combining their strengths in connectivity and trust with blockchain’s advantages in security, trust and speed. A few promising use cases include:
Read more to learn how blockchain can drive new opportunities for individual CSPs and the industry as a whole.
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