About Stuart G. Hall

Making a positive difference one day at a time. #London #Leicester

How blockchain could disrupt the telecoms industry

After discussing OpenCryptoTrust’s plans to disrupt the telecoms sector with COO Mayande Walker I thought I’d quickly summarise a few other ways blockchain could disrupt the telecoms industry:

  • Inter-carrier settlements: Colt and PCCW Global have started trials to see how blockchain can speed up time for inter-carrier settlements and make them more reliable. The proofs of concept they have carried out so far indicate that blockchain can cut inter-carrier settlement times from hours to minutes.
  • Cybersecurity: Colt CEO Carl Grivner says: “The settlement test with PCCW Global is a baby step.” What will follow? He already has a list of possibilities. “The most exciting of them is cybersecurity.”
  • Smart contracts: Smart contracts enable Carrier Service Providers to streamline internal processes, including interactions with suppliers and other CSPs, and improve efficiency within core management systems such as billing and eSIM provisioning.
  • Fraud: One area where telcos could clearly benefit from blockchain is fraud prevention. In the most recent published survey by the Communications Fraud Control Association, losses associated with fraudulent activity were $38.1 billion. Blockchain-based solutions could be implemented to minimize both identity and roaming fraud.
  • Identity management: A telco could participate in blockchain-based identity management for their own services as well as to offer it as a service to its partners. In a blockchain, identity authentication could be applied across devices, applications and organizations – removing the need for a user to have separate passwords for different online accounts.

Blockchain Telecoms

But blockchain isn’t only disrupting blockchain, see how it’s impacting on others sectors from banking to healthcare below:

16 Blockchain Disruptions

Infographic credit: bitfortune.net

Join the Revolution! – video excerpts from March 9th NYC event

Mayande’s intro of history of OpenCT (7 mins)
History and how by combining Proof of Stake and Proof of Duration to we provide a more balanced and democractic approach to mining.


Moustafa Amin on Baat (18.5 mins)


Jeff on BD WAN (13 mins)


Tokenomics with Moustafa – how mining production work (14.5 mins)


Live Q & A


Q: Complaint is OpenCT with SEC and FINMAR regulations?


Q: How are enterprise end clients going to pay for the services?


Q: How secure is your service?


Q: When are you bringing the product to market and what’s the competition?


Q: Who will you partner with, and what platform will the tokens trade on?


Q: Who can participate in the crowdsale?


Q: What are the top 3 risk factors?


Q; What is the cost saving in using the VX LAN tech and how can the consumer benefit?


Q: Webinar questions
Is there an intention to enable carrier to carrier SD WAN?


Q: What makes OCT unique, why couldn’t these services be delivered with existing currencies?


Q: What kind of upgrades are required for existing SD WAN deployment? DO you need a token for every transaction?

  • Details of the weekly Q & A webinars for investors and technophiles here.