What are the key developments in the Telecom blockchain market and who are doing what?
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Although blockchain technology is in a nascent stage, but there is much potential for blockchain in the telecom sector.
There are various telecom companies working on blockchain and some already adopted various features like Huawei is using it in its cloud services. It launched these services for commercial use. The service will help companies and developers to manage and work on blockchain applications at quite a low cost. The service will provide Huawei new markets and revenue streams.
Various other companies also deployed blockchain like AT&T which provides blockchain solutions for businesses. These solutions will provide multiple features in different sectors like in the manufacturing sector it will support the assets management, supply chain and data management. The other example is the health sector in which it will provide management of record data, sharing of data, and validation of various clinical trials.