Blockchain use cases for telcos
Blockchain is poised to disrupt the telecom industry. The technology provides users with a distributed, decentralized way to conduct online transactions with an assembly of records called blocks, which are strung together using the mathematical language of cryptography. While still a budding technology, new blockchain use cases are emerging in a variety of industries, including telcos.
Micropayments
Blockchain is anticipated to enable smart contracts, a computer program that outlines the conditions under which an online transaction can take place. Using smart contracts, commercial translations and agreements can be carried out automatically.
