Blockchain technology makes it possible to maintain a public, distributed and tamper-resistant “ledger” of transactions that can be applied to variety of telecom processes and systems to increase security, reduce operating costs, and simplify day-to-day operations. Since the technology itself is very new, a certain amount of skill and architectural planning is required to apply it properly. Also, both agility and willingness to embrace the change on the vendor side of the telecom equipment or system is necessary.
To learn how you can use PortaSwitch to apply blockchain for your telecom operations, read the details below on:
- Peer-to-peer VoIP Call Exchange
- Cryptocurrency (Bitcoin) Payments
- Digital Asset Management
Peer-to-peer VoIP Call Exchange
PortaSwitch works in tandem with Emercoin blockchain service, that allows secure registration of a phone number routing data. This allows secure and efficient VoIP federation of CSPs or enterprises, where participants register their specific set of phone numbers on the network. Now they can send outgoing calls to any other member of ENUMER network for free, thus producing immediate cost reduction. In return, they accept calls to their subscribers from ENUMER network free of charge. In case of toll-free calls, this also delivers immediate and tangible cost-savings on such incoming calls.
PortaSwitch cloud telecom platform is pre-integrated with ENUMER; our service can be activated based on your request and security considerations.
Cryptocurrency (Bitcoin) Payments
This is one of most common use cases for blockchain. In addition to traditional payment methods, such as credit card or PayPal, an operator may allow its subscribers to top-up their service balance using cryptocurrency. Each subscriber is assigned a unique, randomly generated wallet. When an incoming bitcoin transaction sent from anywhere on the bitcoin network is received, it is converted into a “service” balance to be used for calls, SMS, VAS purchases such as Video-On-Demand, etc.
PortaSwitch allows CSP to activate this new revenue source with just a single click. All incoming payments are immediately transferred to a secure internal wallet, that provides better financial reporting and ensures an extra level of protection.
Digital Asset Management
A secure ledger of transactions allows securely sharing complex data sets among multiple parties involved; for instance, publishing pricelists (tariffs) to be used for least-cost routing (LCR) or managing IoT (Internet-Of-Things) inventory of devices shared among multiple system integrators and providers.