The Blockchain-Enabled Future of Telecommunications

Slides:



Advertisements
Similar presentations
© 2016 consensys.net Intro to The Blockchain. © 2016 consensys.net.
Advertisements

IBM : Systems Group :: © 2016 IBM Corporation Securing Blockchains with z Systems 1 V Jan 16 Marcel Mitran DE, CTO IBM.
When BPM meets Blockchain
Introduction to Blockchain
Introduction to Blockchain
The Revolutionary Benefits Of Blockchain
BLOCKCHAIN APPLICATION IN CORE BANKING
A Blockchain Implementation
Raihana Ferdous, Vallipuram Muthukkumarasamy
Cryptocurrencies by.
How DLTs might impact the financial sector
Blockchain Introduction
INTERCONNECTION GUIDELINES
Blockchain & Standards
KrypC Technologies Accelerated Blockchain Adoption.
Introduction to Hyperledger Fabric
© 2016 Global Market Insights, Inc. USA. All Rights Reserved Blockchain Technology Industry analysis research and trends report for.
Blockchains and Cryptocurrencies: What Financial Planners Need to Know
Making Blockchain Real for Business
Blockchain initiatives
Blockchain beyond cryptocurrencies
Business Drivers and Requirements
Blockchain at UB B. Ramamurthy
Blockchain Adrian Zaragoza.
BLOCKCHAIN SUPPLY CHAIN DISRUPTIONS.
{ BLOCKCHAIN Technology. BSEtecBSEtec is a digital solution provider company which offers the best service with the implement of the latest technologies.
Implementation Of Blockchain In Healthcare Provision (Healthcare Industry Analysis)-Ken Research.
5 Benefits of Blockchain for Startups - IQVIS
BLOCKCHAIN DEVELOPMENT COMPANY
© 2016 Global Market Insights, Inc. USA. All Rights Reserved Blockchain Market to surpass $16bn by 2024: Global Market Insights Inc.
 How Infliv Token ICO Can Give YOU GOOD RETURNS IN Very Short Period?
JP Morgan spends $500 million per year on cyber security
Formally: An informal introduction to Blockchain
Anna Cottone, Scott Covington, Emma Pham, Tailai Zhang
Rechtsanwältin – Germany Attorney at Law – New York
Breaking through with Blockchain
Blockchain and Cryptocurrencies
Team 6 Diya Mathew, Hunter Rudd, Kevin Gannon, Nandita Beri
Blockchain OVERVIEW B. Ramamurthy ©2018, all rights reserved
BLOCKCHAIN AND THE FUTURE OF DAM
BLOCKCHAIN BASICS & LEGAL ISSUES
Which blockchain? The future at a crossroad
XinFin Blockchain for global Trade and Finance
Blockchain technology at Change Healthcare
Setting the Stage for a Community Blockchain Incubator
Ameda meeting in Botswana April 2018
Blockchain at UB B. Ramamurthy
Distributed Ledger Technology (DLT) and Blockchain
Blockchain Alexander Prenta 9/27/2018.
Which blockchain? The future at a crossroad
Making Blockchain Real for Business Explained
Blockchain help. Why Blockchain help? Blockchain help, since its inception, has been providing cutting-edge technology solutions and in-depth domain expertise.
Bitcoin & Blockchain Bina Ramamurthy 2/22/2019.
Reengineering the Audit with Blockchain and Smart Contracts
GRIF DEX is an international decentralized exchange, a trading platform where you can buy and sell coins, tokens and fiat currency. An exchange will conform.
Blockchains and Smart Contracts for the Internet of Things
Wokshop SAIS 2018 Dr. Meg Murray Kennesaw state university
Blockchain Technology
Accelerating Technology for the Securities Token Revolution
Blockchain, Riskblock, and Bitcoin.
DISRUPTING THE STATUS QUO
The future of financial infrastructure An ambitious look at how blockchain can reshape financial services An Industry Project of the Financial Services.
We make your contracts work for you
Payments modernization
Blockchain: What Board Directors Need to Know
What is A blockchain? B. RAMAMURTHY ©2019, ALL RIGHTS RESERVED
Explore Txs, block, blockchain in Bitcoin
Blockchain and IP Law: A Primer
Blockchain and Earth Observation
BUILDING A BLOCKCHAIN USING PYTHON
Presentation transcript:

The Blockchain-Enabled Future of Telecommunications Intro to Blockchain And The Blockchain-Enabled Future of Telecommunications John Carpenter Global Blockchain Summit Government Blockchain Association

Agenda Introduction Background What is blockchain? How does it work? Relevant Use Cases

John E Carpenter Co-Founder Denver Blockchain Week and the Global Blockchain Summit, October 3rd & 4th In Westminster, CO. Founder, ClueChain, Blockchain Consultants President, Denver Chapter of The Government Blockchain Association (GBA) Speaker, Consultant, and Certified Blockchain Trainer For GBA Blockchain Certification Courses Organizer Of The Hyperledger Meetup For Colorado Member Of The Accord Project (Smart Contract) Technical Working Group Board Member for UBTS International (International Telecom Company) • Serial Entrepreneur and Licensed Attorney in Colorado

Blockchain Technology In 2019 Some people are like this…… Others are like this…..

Government Blockchain Association Working Groups Contract Management Financial Oversight Cryptocurrency Economic Analysis Cybersecurity Education Land Titling Government Ontology Legal & Legislative Telecom Working Groups Healthcare Software Product & License Management Smart City Supply Chain Voting

Blockchain Basics www.GBAglobal.org

Some Blockchain Terms Genesis Block: The first block of data in a blockchain. Block: A chunk of data to be added to a blockchain once a consensus is reached. Consensus: When all of the nodes reach a consensus, the next block is written. At least 51%, but could be higher. Node: A computer or ASIC (Application Specific Integrated Circuit). Mining: Being rewarded for solving a cryptographic puzzle on a Proof of Work consensus blockchain. Public Key: Hexadecimal Key Given Out For Transactions Private Key: Hexadecimal Key To Be Kept Private and Secure

2008 – Bitcoin Whitepaper Eight Pages That Changed the World, October 31, 2018 Was The 10 Year Anniversary Of This White Paper

What Impact Will Blockchain Have? As the Internet Disintermediated Information Brokers News & Media Travel Services US Post Office Blockchain Will Disintermediate Value Brokers Banks & financial Institutions (digital currencies) Third party payment processors Insurance companies (parametic insurance, blockchain title insurance) Legal Service Providers Third party certification services (notaries and witnesses) Government registries (real estate, vehicles, business, voting, vital records, probate)

How Blockchain Works

How Blockchain Works A deeper dive into how the Blockchain actually works. Play Video https://www.youtube.com/watch?v=r43LhSUUGTQ 11 www.GBAglobal.org

Blockchain Platforms Ethereum Hyperledger R3 Corda Public Blockchain-Includes Smart Contracting Features Companies used Ethereum Request For Comments (ERC-20) tokens for many Initial Coin Offerings (ICOs) in 2017. Coding Language is Solidity Supported by Consensys (Over 1,000 Employees Worldwide) Hyperledger Permissioned Blockchain Part of the Linux Foundation Open Source Community Can be configured for Smart Contracts and Supply Chain Supported by major Enterprise IT companies (IBM, Oracle, VMware, Intel) R3 Corda Focused on Financial Transactions Other Popular Platforms Ripple, Quorum, Hashgraph, Digital Asset (DAML)

Other Types of Blockchain-like Solutions. Standard Blockchain Sharding is another form of trying to speed up a blockchain on Ethereum. IOTA-Tangle Hashgraph

Blockchain Legislation Colorado Legislation SB 18-086-OIT, Department of State, and Department of Regulatory Agencies assess the costs and benefits of using blockchain technology. HB-1426-Which Virtual Tokens Are Recognized as Securities Other States, like Wyoming, are aggressively creating legislation around promoting the adoption of Blockchain technologies as an economic driver for the state. Banking Blockchain Companies, Real Estate Records, Open Blockchain Token Legislation

Blockchain For Inter-Carrier Settlement

The Current Settlement Issue Telecom operators open their networks to enable their customers to communicate across network boundaries (interconnect). Operators cross-charge each other for the interconnect services (invoicing) Interconnect operators share Call Detail Records (CDRs) for the purpose of verifying cross charges and settling balances. The verification process is: Cumbersome Inefficient Lengthy Costly Error Prone Missing CDRs and discrepancies are common problems.

CDR Settlement Timing Issues ● Billing Cycle – Monthly ● Billing Generation & Distribution – 5th of every month ● Bill Reconciliation – 2-3 days ● Dispute Identification & Confirmation – 15-45 Days ● CDR reconciliation process – 90 – 180 Days ● Dispute Analysis and resolution by Partner – Months to Years

Blockchain Solution Benefits ● Better visibility between partners belonging to the same channel. ● Build transparency and trust across deals and financial transactions. ● Ensure financial and legal compliance in transactions. ● Increase direct control by reducing intermediary dependency. ● Eliminate insecurity in transaction manipulation. ● Immutable settlement within seconds.

Blockchain Business Architecture Settlement Framework for for Operations Support Systems (OSS)/Business Support Systems (BSS).

Technical Architecture Framework for Implementing Blockchain for Carrier Settlement Using Hyperledger

Conclusion

Blockchain Offers A Better Way Of Doing Intercarrier Settlement Inefficiencies of the intercarrier settlement process within the telecommunications industry are well documented. Over the years, network operators have lost billions of dollars due to disputes over billing data discrepancies and mismatches and also due to delayed revenue recognition. A blockchain solution simplifies the settlement process by creating a trusted, single source of truth for the call detail records generated by the participating carriers, and eliminates the root cause of data mismatches and discrepancies.

Questions? John Carpenter-john@cluechain.com ClueChain Blockchain Consultants Global Blockchain Summit Denver Blockchain Week www.GBAglobal.org

September-October, DenverBlockchainWeek.com

October 3 & 4 2019, Westminster, CO www.GlobalBlockchainSummit.com