Yesterday, settlement and clearing blockchain platform
Clear released details of several trials conducted with Deutsche Telekom, Telefónica and Vodafone. The goal is to streamline commercial roaming processes between mobile operators.
Calculating inter-carrier payments is a cumbersome task. Companies need to record minutes spent by a customer on a roaming network, reconcile the data with its roaming partner and then send or receive payments. This is a mostly manual process and is prone to errors and inefficiencies. Blockchain can potentially streamline this process, and smart contracts can expedite the settlement between carriers.
“There is a huge amount of potential for blockchain to automate many of the industry’s manual processes, delivering signifcant benefts for companies and their customers,” said Eran Haggiag, Co-Founder and Executive Chairman of Clear.
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