Blockchain technology could bring opportunities to telecom companies to cover markets that were somehow impossible to cover before, and this will enable them to grow their revenue minus making any investments.
On April 24, The governor of Kentucky endorsed a six-member Blockchain Technology Working Group charged with the responsibility of examining the applicability of blockchain technology for safeguarding the various utility sectors including electricity, water, telecom, and more.
The United States (US) technology giant IBM has rolled out a new blockchain project dubbed Trust Your Supplier (TYS) and multinational firms including Anheuser-Busch InBev, the UK global pharmaceutical firm GlaxoSmithKline (GSK), US technology company Cisco Systems, Schneider Electric, British telecom conglomerate Vodafone, Chinese tech firm Lenovo Group Ltd and Finnish international telecom, IT & consumer electronics firm Nokia Corporation are willing and able to use and implement this service.
The South Korean technology corporation Samsung announced its intention to build in a cryptocurrency wallet in a line of new budget smartphones, based on a prototype of Galaxy S10. The conglomerate has been actively popularizing blockchain and doesn’t seem to be stopping.
KDDI, a giant telecom and Hitachi, a Japan-based technology conglomerate, have begun testing a big blockchain-based system that can fix retail payments validated with the help of shoppers' fingerprints.
The Telecom Regulatory Authority of India (TRAI) earlier this week put forth a draft Telecom Commercial Communication Customer Preference Regulation 2018 to restrain telemarketing spam through SMS messages and phone calls using blockchain technology. The draft regulation will always be open for comment up to 11 June 2018.