Blockchain used for inter-carrier settlements in PoC trial
Members of the International Telecoms Week (ITW) Global Leaders' Forum (GLF), including PCCW Global and Telstra, have completed a proof of concept trial demonstrating how blockchain technology can transform inter-carrier settlement by streamlining complex transactions.
The two operators as well as Colt Technology Services, BT, Orange and Telefonica, demonstrated the viability of a platform capable of settling voice transactions between operators within minutes rather than hours.
The demonstration represents the first proof of concept blockchain trial to involve a multi-lateral series of relationships within the wholesale telecoms sector. It was the latest in a series of trials carried out by CLF members in collaboration with technology partner Clear, a blockchain specialist.
The proof of concept was able to demonstrate that live data feeds could be successfully input into a distributed ledger, enabling traffic to be automatically verified and settled between two carriers.
In a statement, the GLF said it is now reviewing its options over a potential governance structure to further develop the technology and implement a solution for the entire industry.
“This latest PoC signals nothing less than the future of telecoms, whereby intensive manual practices can be securely automated across the wholesale ecosystem,” Colt Technology Services CEO Carl Grivner said.
“This is a major step forward by Colt and its partners, meaning we can now invest further resources into driving both our and our customers’ businesses forward using the power of blockchain.”
Source telecomasia
Industry: Telecommunications News
Latest Jobs
-
- Senior Presales Consultant | Managed Security Services | London
- London
- N/A
-
Senior Presales Consultant – Managed Security Services Location: London-commutable (Hybrid) A well-established cyber consultancy is seeking a Senior Presales Consultant to drive growth across its managed security services / advisory portfolio. This hybrid role bridges commercial and technical expertise supporting solution design, shaping customer proposals, and guiding conversations from scoping through to delivery. Key experience: Background in managed security services, including SOC operations and threat detection Strong knowledge of cloud and on-prem security tooling (SIEM, EDR, IAM) Penetration testing Proven ability to translate technical concepts into clear business value Confident in customer-facing engagements and pre-sales delivery Experience contributing to bids, proposals, and RFI/RFP responses To find out more contact me on 07884666351 Visa sponsorship is unfortunately not available for this role.
-
- New Business | Cyber Security | Overlay sales (UK Based- London commutable)
- London
- N/A
-
New Business Sales Hunter needed | Cybersecurity (UK Based- London commutable) Are you looking for uncapped commission, a fun and sociable team that drives success with no politics? If so...You must Have a demonstrable history of sales success in Cyber Security Follow Weatons law. The role: Seeking a proven New Business Sales Hunter to join an established, successful and expanding team. New business focused - £500-750 GP Sell a blend of security services & professional services. Ideal experience selling some or all of the following Cyber strategy & risk management Managed detection & response (MDR) Penetration testing Compliance & audit support You: Strong cybersecurity/IT services sales track record. Confident selling into mid-market & enterprise. UK based - London commutable Hunter mindset, full sales cycle ownership. Don't just send an email to apply give me a call on 07884666351
-
- New Business Sales Hunter | Cyber Security (UK Based)
- London
- To attract the right person
-
New Business Sales Hunter needed | Cybersecurity (UK Based) Are you looking for uncapped commission, a fun and sociable team that drives success with no politics? If so...You must Be UK based - and able to achieve UK SC clearance. (sorry no visas) Have a demonstrable history of sales success in Cyber Security Follow Weatons law. The role: Seeking a proven New Business Sales Hunter to join an established, successful and expanding cyber security firm. New business focused - £1m GP year one target (ramped). Sell a blend of security services & professional services. Ideal experience selling some or all of the following Cyber strategy & risk management Managed detection & response (MDR) Penetration testing Compliance & audit support You: Strong cybersecurity/IT services sales track record. Confident selling into mid-market & enterprise. UK based - London commutable 1x per week. Hunter mindset, full sales cycle ownership. Don't just send an email to apply give me a call on 07884666351