Blockchain Technology
In Telecom
INDEX 1. Overview of telecom industry The Leading Players in Telecom Industry India Revenue model of Telecom Industry
2. Existing problems in Telecom Industry 3. How Blockchain could be used in telecom industry? Blockchain use cases in telecom
4. Network providers who adopts Blockchain technology 5. How bitdeal can help Tele-networks in Blockchain implementation?
TELECOM INDUSTRY : OVERVIEW Let us choose Indian market place for better understanding about the topic. When compare to other marketplaces, The number of people using smart phones and mobile internet is found to be very huge in India, That’s ‘why we have choose India and its network services provider for better understanding. There are several reasons for this growth, 1. People are getting improved educationally 2. People understands the necessity of smart phones and mobile networks 3. Government also understands the need for Tele-Network 4. Digital India Plan have boosted the growth of Network usage 5. The arrival of new and free network services providers (like Jio)
TELECOM INDUSTRY : OVERVIEW
THE LEADING NETWORK PLAYERS: TELECOM INDUSTRY
1. Airtel
2. Idea
3. Vodafone India
Yearly Revenue: $15 Billion Market Share: 24.85% Customer Base: 303 Million
Yearly Revenue: $5.5 Billion Market Share: 16.83% Customer Base: 200 Million
Yearly Revenue: $6.6 Billion Market Share: 18.20% Customer Base: 208 Million
4. BSNL
5. Reliance
5. Reliance
Yearly Revenue: $5.1 Billion Market Share: 11% Customer Base: 100 Million
Yearly Revenue: $3.5 Billion Market Share: 0.06% Customer Base: 12 Million
Revenue: $800 Million Market Share: 15.31% Customer Base: 186 Million
THE REVENUE MODEL OF TELECOM INDUSTRY
The common business model of the telecom industry “Connecting peoples through calls, Messages and other services . This is what we know, but none of us know what techniques they are using to generate revenues. 1. Cost per Minute ( Acquiring charge of connecting STD,LOCAL, ISD calls per Minute) 2. Subscribers Retention - (Frequent calls about Offers, Free services, Extra plans and etc) 3. Reaching the Rural People ( To extend the network growth) 4. Revenue through Internet connectivity services
PROBLEMS & CHALLENGES IN TELECOM INDUSTRY Telecom industry is never gonna be like as today, it will keep on improving with updated technology and network services. Top 5 challenges 1. Tele-networks have to decentralize the entire Purchasing and Selling Powers 2. Supporting With AI( Augmented Reality, Speech recognition, supporting with digital assistants like siri in Ios Devices) 3. Implementing 5G Network 4. The growth Of IOT 5. Reliable, fast, High quality and secured connectivity to networks
HOW BLOCKCHAIN CAN TRANSFORM TELECOM INDUSTRY? Current telecom industry is under centralized concept, it doesn’t guarantees the privacy of the user, Security breaches are often happens, and it is very easy for a novice hacker to easily hack a network. But the arrival of Blockchain with decentralization can transform the entire telecom infrastructure. By capitalizing this technology in telecommunication industry, it will ensure the balanced move towards into various aspects such as network enhancements, Operation Cost reduction, ROI, CSPS(communication service providers) competition growth and OTT( Telco-Over the top) By capitalizing this technology in telecommunication industry, it will ensure the balanced move towards into various aspects such as network enhancements, Operation Cost reduction, ROI, CSPS(communication service providers) competition growth and OTT( Telco-Over the top)
BLOCKCHAIN OPPORTUNITIES AND ITS USE CASES IN TELECOM INDUSTRY 1 . Fraud Management 2. Identity management 3. Can be used in 5G enablement 4. Can be used in IOT connectivity 5. Can be used in Blockchain in Revenue insurance 6. Â Can be used In Blockchain In Number Portability 8. Can be used In money transfer an micro payment systems 9. Can be used Smart transactions and revenue streamlining 10. Can be used in Billing 7. Can be used In Blockchain In roaming management
NETWORK PROVIDERS WHO ADOPTS BLOCKCHAIN TECHNOLOGY Airtel, Vodafone India, and Reliance JIO have initiated this process, where as Vodafone is in the POC (proof of concept) stage. Whereas Airtel is in initial stage and are doing R&D process. And Reliance jio have setup a separate team to work and integrate Blockchain technology with the helpÂ
HOW BITDEAL CAN HELP TELE-NETWORKS IN BLOCKCHAIN IMPLEMENTATION? We have separate team and have setup an separate Offshore development center in India, with the concern of developing, custom Blockchain applications. We already initiated to cover many industries with our Blockchain solutions, now we are in the focus to provide services for telecom industry. With 120+ expert Blockchain developers & with proper development and quality output, we can support you in developing and deploying quality custom blockchain applications.
www.bitdeal.net READ MORE REFERENCES : Blockchain Technology Use Cases In Telecom Industry Indian Telecom Industry – Redefining Business Models