Use of blockchain in telecom and media industry

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Use Of Blockchain In Telecom And Media
Industry
Blockchain is a growing technology, and the technology is evolving and publishing new
modes of using the same with each passing day. Blockchain's greatest attribute is that it
is universal. In it, you will find its use regardless of the type of industry. Some of the
functions that make Blockchain a universal technology are decentralization, immutability,
and provenance. The use cases of Blockchain in the media and telecom industry will be
illustrated in this blog.
2

Blockchain: game-changing media and
telecommunications technologies
Blockchain has the ability to influence virtually every industry, as we have already stated.
Blockchain use in the telecommunications industry is projected to rise from USD 46.6
million in 2018 to USD 993.8 million by 2023, with a CAGR of 84.4 percent between 2018
and 2023, according to a recent study.
All of this development is attributed to Blockchain's certain characteristics, making it one
of the most popular innovations of the day.
3

Process simplification: speaking about the usage of Blockchain in the
telecommunications industry, it can then be used to simplify the process. KYC uses a lot
of time for procedures such as identity verification. In addition, storing all this
information on a centralized platform always poses a risk of violation of data, but we can
simplify the process with Blockchain. Blockchain is already being used for KYC in the
banking and financial segments, and the same can also be used in the telecom industry.
Telecom companies may use programmable blockchain technologies to automate SLA
agreement documents into smart contracts and show a real-time view of the
stakeholders.
4

Micropayments: Micropayments used to purchase online mobile games, music,
ringtones, etc. may be another use case for Blockchain. With the use of Blockchain, bank
account data, credit information and sensitive information would not be allowed to be
exchanged with third parties. All, in simple words, will become more stable.
Managing online advertising: There is so much knowledge that it is impossible for any
business to handle it. Telecom companies will use an infinite source of data present in
the internet advertising industry with Blockchain technology and use it in a better way.
5

Better copyright control: One of the major problems faced by most content creators is
that they have less control over their content, and the payment is not as per the norm,
mostly because content creators have to share their money with third-party sites for
sharing content. With Blockchain, the producer of content may communicate directly
with the user, thus granting them full control over the content. At the same time, the
payment comes directly to the maker of the material, so they don't have to share the
sum with anyone.
In addition, the encryption function is a feature of Blockchain that will be used by both
the media and telecommunications segments. Blockchain provides data encryption that
makes it completely secure.
6

Conclusion
All of that made Blockchain the future of technology. It has the power to change the way
the organization runs, and if you still want to be part of this change, now is the time for
the Blockchain Council to sign up for the Blockchain certification.
7

Blockchain Council Certifications
You can check out our certifications, and kick start your career in the Blockchain
space today.
● Certified Blockchain Expert
● Certified Blockchain Developer
● Certified Smart Contract Developer
● Certified Solidity Developer
● Certified Ethereum Developer
8

THANK YOU!
Any questions?
You can mail us at
hello@blockchain-council.org
Copyright © Blockchain Council www.blockchain-council.org 9

Use of blockchain in telecom and media industry

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