The Enterprise Ethereum Alliance (EEA) has announced its latest publication of use cases on blockchain solutions for the telecoms industry. The organization aims to set up specific guidelines and models for the blockchain sector.
The group’s latest document was developed by the EEA Telecom Special Interest Group (SIG) and is free and available to the public.
Minimizing Risk of Fraud
The collection of use cases is said to include information on ways blockchain technology can simplify business dealings and internal procedures in telecoms. What’s more, the document shows how decentralized applications based on agreed standards can minimize the risk of fraud and enhance monetary advantages.
The EEA publication reportedly contains several use cases for blockchain solutions in the telecommunications niche. Some of these highly detailed cases include Blockchain-Powered Telecom Call Roaming User Authentication, Call Roaming Reconciliation, Monetization, and Data Privacy.
Dr. Adreas Freund on the Topic
Dr. Andreas Freund, a member of the EEA Telecom SIG, explained that the use cases allowed them to determine the automated contracts, building blocks, and standards required to push forward the next-gen Ethereum-powered telecom applications.
Freund also said that their objective was to educate members of their group and telecom professionals around the world to the applications and advantages of using Enterprise Ethereum technology and following EEA standards. He said his group also wants to encourage industry interaction and cooperation.
Ron Resnick, EEA’s Executive Director, also used the announcement to give thanks to ConsenSys, KDDI, SK Telecom, and T-Mobile for their contributions. He added his hopes for other leaders in telecom to join EEA Telecom SIG in expanding the project.