HAIDRUN USE CASES
Blockchain in Telecoms
Changing the industry with new technology
Haidrun can help you harness new revenue streams and deliver new partners, whilst meeting the challenges of 5G rollout and reducing operational costs.
Blockchain is a distributed ledger technology (DLT) that replicates data across stakeholders and retains the complete history of all transactions between those parties. The history is verified, the data robust and the records are immutable. This all points to blockchain’s real value proposition of delivering security, transparency, and control of all transactions across the business ecosystem.
Telecommunications has always been at the forefront of embracing disruptive technologies to create new business models and revenue streams, but the TMT sector is yet to harness the full potential of blockchain technology. We have seen some major telecom operators like Telefonica, Swisscom, and AT&T investing in blockchain-enabled start-ups, and developing their own operational projects, but not yet at scale.
Enabling telecom operators to create new revenue streams
At Haidrun, we believe that embracing blockchain technology will positively disrupt the existing telecoms value chain and provide the vehicle for service providers to re-image and shape their commercial strategies. The current telco value chain provides network infrastructure and connectivity for voice, data, media, and other related services, but blockchain applications can support higher-value services. Our technology will enable telecom operators to create new revenues and business models by providing valued and trusted digital service propositions, for example:
Managing digital rights for customers in the entertainment and content sector
Securely tracking home equipment devices such as internet routers
Processing Domain Name System services for computing science clients
Tracking royalty data for streaming services
Managing device identity and security for IoT, Edge and 5G services
Haidrun blockchain enterprise solutions can also drive new revenue streams by enabling new and direct relationships to be safely developed without the need for intermediaries. In the use cases of 5G mesh networks and IoT connectivity, where new entrants will disrupt the ecosystem and existing partnerships will be re-defined, a platform for trusted collaboration will be essential. Using Haidrun’s B2B blockchain platform can help simplify the process making it more secure, transparent, and efficient.
Enhancing central operations to simplify telecom processes
As well as new business opportunities, we can help simplify core telecom processes to reduce operational costs. For example, Haidrun blockchain can enhance central operations such as Operation Support System (OSS) and Business Support System (BSS), including partner, enterprise, and customer management to tackle contracts, settlement, supply chain and SLAs.
One of the key features of our Haidrun blockchain platform is the support of smart contracts – a digital program, intended to automatically execute, control or document legally relevant events and actions, according to the terms of the contact. This can be used to streamline roaming agreements using automated processes. Intermediaries and other 3rd parties could be minimised or even eliminated, significantly reducing costs and overheads. Near-instantaneous charging would lead to improved revenue assurance, reduced fraud and ultimately more roaming partners and better coverage for subscribers.
Choosing the right blockchain technology platform
Many market research companies agree on the scale of influence blockchain will have in the telecoms industry. The impact of Bitcoin, based on first-generation blockchain technology, has already proven to be globally disruptive. The use of blockchain in the cryptocurrency market has provided valuable insights into the technology. Bitcoin’s public blockchain stores data about monetary transactions, but we now know that the underlying technology, blockchain is a very secure and reliable way of storing data about other types of transactions.
Apart from blockchain in Telecoms, other sectors including insurance, healthcare and supply chain are finding valuable use cases for business blockchains to upgrade insecure and costly databases and payment systems. You may be surprised to find that some major enterprises have already started to incorporate blockchain, including Walmart, Pfizer, AIG, Siemens, and Unilever. But others have held back, waiting for more secure, cost-effective B2B blockchain platforms. We have developed the Haidrun B2B blockchain platform specifically to meet these enterprise challenges.
Are you ready to explore blockchain technology for your telecoms business?