Today, telecoms firm Syniverse
published research on how the connectivity enabled by the 5G network is affecting mobile operators. One of its key findings is that companies are beginning to focus on enterprises which will allow Internet of Things (IoT) connectivity and blockchain-based payments.
Syniverse previously teamed up with IBM and Orange for a
billing system based on blockchain. It surveyed global telecoms operators on 5G and today released analysis based on US responses. Like Orange, 87% of them plan to implement blockchain for billing, settlement, or contract management, the survey found.
The technology could streamline multi-party billing and real-time transactions, which are predicted to go hand in hand with 5G-enabled connectivity. Most respondents (73%) agreed that coordinating the multiple parties is the most difficult challenge 5G will bring.
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