China Telecom envisions numerous applications for blockchain to roll out 5G technology. Liang Wei, who heads up the telco’s blockchain laboratory, spoke to China’s Securities Daily. He outlined the potential for blockchain to help, especially with revenue sharing, billing and payments.
5G has enormous capacity and is envisioned as enabling a whole new raft of solutions, especially for mobility, IoT and other connected applications.
“The deployment of trillions of nodes, the interconnection of all things, and the provision of services to each other pose new challenges to data security, data value, and exchange transaction models,” said Liang Wei.
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