Tag

DISTRIBUTED LEDGER TECHNOLOGY

Browsing

When a new technology or opportunity is created, it is up to industry verticals to decide how, when, and where to exploit its potential. Communication service providers (CSPs) will find it challenging¬† to adopt and implement technology such as blockchain. We have already discussed the benefits and possibilities of blockchain for telecommunication providers. While the benefits of implementing blockchain in the telecommunications business are clear, putting the theory into practice may not come easily. It is important that Communication Service Providers (CSPs) work in synergy, looking beyond obvious solutions if they are to take full advantage of the potentially huge advantages distributed ledger technology can offer. The following advice is based on the onerous experience of early adopters of blockchain. Telecommunications companies can substantially improve their services by sharing or joining forces with each other. It is vital that these companies work together to manage information and…