Manish Vyas, President, Communications, Media & Entertainment Business, and the CEO, Network Services, said “Driven by a strong need to transform operations and enabling new monetization possibilities, telcos are leveraging blockchain as one of the game changing technologies. Blockchain also complements the 5G network rollout plan of telcos as it opens up new opportunities to monetize transactions happening across the network and complements existing technologies to achieve greater security. Tech Mahindra’s partnership with TBCASoft, will enable us to jointly develop and explore blockchain possibilities for CBSG Consortium members.”
The Cross-Carrier Blockchain technology is gaining recognition as a means of empowering carriers to provide differentiated services featuring transparency, security, real-time transactions and other blockchain advantages. The collaboration aims to architect use cases leveraging the platform in upcoming areas of supply chain (CPE handling, pricing, reassignment), contract management, roaming billing and taxes, identity management and mobile transactions, to customers around the world.
Rajesh Dhuddu, Global Practice Leader, Blockchain, Tech Mahindra, said, “Telcos continue to push the frontiers of digital transformation to provide a completely new customer experience. We at Tech Mahindra have designed various Blockchain solution sets leveraging enterprise Blockchain protocols, to help telcos globally accomplish higher net promoter scores, lower operational costs and enhance profitability. This consortium will play a critical role in taking these solutions to the telcos and helping them unlock multiple benefits.”
Ling Wu, Founder and CEO of TBCASoft and Co-Chairman of the CBSG Consortium, said, “Global carriers have already provided reliable and ubiquitous networks. By partnering with TBCASoft under the CBSG Consortium, carriers are able to create and extend their services beyond traditional markets and borders. The demands from global telecom carriers to join the CBSG blockchain collaboration with TBCASoft have been increasing rapidly. In the meantime, carriers may need additional expertise in planning new services in emerging areas. We look forward to providing more value to our Consortium members by teaming up with global partners like Tech Mahindra”.
In India, Tech Mahindra has partnered with Microsoft to create a Distributed Ledger Technology (DLT)-based solution to build an ecosystem in line with the regulations issued by TRAI (Telecom Regulatory Authority of India), to combat the issue of unsolicited commercial communication (UCC) or spam calls.