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Although blockchain only recently made its way onto the telecom stage, but top Indian telecom services providers executives are already into plans to leverage the technology, that’s what IBM said.
IBM told that the top Indian telcos are turning to blockchain to create new revenue streams by offering new services and bring down operational costs amid falling revenues due to intense competition.
In fact, the work has progressed to an extent where IBM has also completed proofs of concepts or PoCs for the blockchain-based platforms with these leading telcos in the country. Jitan Chandanani, Blockchain leader at IBM, said
“A majority of the market is actively in discussions. PoCs have been done to give comfort to the platform, and for the intended business outcome. We would be surprised if it’s not (commercial deployment) in 2018,”
Vishal Awal, telco le...
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