What role blockchain plays in mobile landscape

Traditional services such as simple voice calls and messages are losing their popularity as there appeared more cost-efficient and high-quality services with expanded functionality such as WhatsApp, for example.

Realizing the demands of their clients, operators are trying to do their best to introduce 5G services within their networks as soon as possible. Customers want to get the most advanced services and carriers have nothing to do but to provide them, otherwise, they will lose the market competition.

Blockchain Adoption

Some operators have chosen not a very widespread but very promising strategy for their development that presupposes implementation of blockchain technology.

Though this technology is mostly associated with cryptocurrencies, it’s not the only its use case. Today the interest to blockchain from the side of various industries is extremely high as well as the expenses on this technology.

Mobile industry is not an exception, numerous carriers have already openly demonstrated their interest to the opportunities that are provided by blockchain. For example, Orange, Telstra, and Verizon have become investors in projects related to blockchain.

Some other operators, as AT&T for example, have filed their patents that are related to the application of this technology in telecoms.

Nevertheless, experts believe that it is just a beginning of operators' journey in the world of blockchain. It is predicted that within 5 years the estimated value of blockchain deployment in the telecoms sector could reach US$1 billion

What blockchain may bring to the industry

Being a distributed ledger technology blockchain is decentralized. It applies algorithms and encryption methods to securely record and store transactions and data on its network. The data are saved in blocks which ensures transparency and full protection from alterations.

Carriers may use these capacities of blockchain to ensure much faster launch of their new products and enhance their competitiveness. With the help of blockchain it is possible to improve the processes of the product development cycle, streamline and facilitate them.

Data management can be executed by smart contracts while DApps (decentralized applications) are able to operate business processes automatically.

Blockchain to speed up product development

As it has been revealed by analysts, blockchain-based systems are able to facilitate and speed up product development, increase the efficiency of developer’s work and enhance transparency. Blockchain allows to eliminate a lot of extra tasks related to paperwork and organizational issues.

According to the research, the blockchain-enabled approach to the product development is able to cut off development cycle time by 34 percent, ensure a 29 percent growth of productivity, and enhance the quality of work by 11 percent.

What we will observe in the future

The benefits that blockchain can bring to the mobile market and to the industry in the whole are obvious. Especially, the advantages are significant in the sphere of product development.

The mobile landscape has changed drastically. The demand for 5G is growing. Now, to satisfy the demands of their clients and not to lose the competition, mobile operators need to find new approaches to their business and a blockchain-related approach is definitely a good one to change the situation for the better.

Featured Products

More Articles

The Question is: How to Improve 4G Signal at Home

High-speed mobile Internet is what we expect to have at hand. However, due to some hindrances on the way of a signal may prevent it from reaching your phone. In order to improve 4G signal at home, you may think of installing a 4G booster.

Perfect and comfortable work at home with mobile signal booster.

Forget about annoying frequent cellular signal disconnections, weak 3g signal, missed calls and constant seeking for an additional bar in your cell phone, iphone! Those who work at home and use 3g connection and gsm mobile reception do know well what it is all about. There is a device, which make you free of all these troubles of a modern person who works at home!

New Opportunities with Myamplifiers.com!

Myamplifier.com is the leading company in distributing best mobile phone repeater kits on the European market. Our mobile phones repeater equipment has gained its popularity due to customer-oriented company policy, superb mobile phones repeater quality and best mobile phone repeater price.

Tired of low GSM & 3G signal in car? Mobile amplifier will help you to stay in touch!

Living in the twenty first century we need to have a stable and effective cell phone reception even on the go. Like to travel or drive to service business trips and must be in touch all the time of the route? There is nothing easier than to stabilize gsm and 3g cell phone connection inside your vehicle with AnyTone amplifiers

Have a problem with cell phone signal? Let us take care of it for you

Your comfortable and stable mobile connection is only in one click away. Just let us know about your problem and get professional help

or simply contact us: [email protected], +16178610605 (Sales), Sales Chat

×

30€ OFF* on any mobile booster at Myamplifiers

Your Discount Code:

SMARTGIFT30

Click on coupon code to apply it.

Go Shopping Now! »

* on orders over 200€.

Request a call