Syniverse, a telecommunications technology company owned by private equity company The Carlyle Group, has been working with IBM on a blockchain roaming solution to enable billing between telecoms providers. The successful pilot involved French telecoms company Orange and Mobile TeleSystems (MTS) Russia.
As users move around, mobile providers bill each other for the roaming usage by customers. In the Syniverse and IBM pilot, smart contracts are used to establish the rules for transactions between telecoms providers. The solution aims to create greater efficiencies and make it easier to deal with dispute management. Generally roaming billing involves a lot of reconciliation, but by sharing data, this should be reduced.
“With the growth of today’s interconnected networks and emerging online technologies, the future of clearing and settlement lies in the ability to securely clear and monetize any type of connected transaction, whether it’s for roaming, the internet of things, or any other process,” said Dennis Meurs, VP and General Manager, Transaction and Clearing Services, Syniverse.
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