Tomia, the technology company formed from the February merger of Starhome Mach and Telarix, is introducing a blockchain platform for telecoms settlements. The company boasts many of the world’s largest telecoms companies as clients such as AT&T, Deutsche Telekom, 02, Orange, SoftBank, Sprint, Telefonica and Vodafone.
The new blockchain platform is targeting both interconnect and roaming and aims to transform settlement and dispute management.
There are already several blockchain initiatives in the space. The Carrier Blockchain Study Group is one of the biggest consortia and includes at least five Tomia clients, Etisalat, MTN, PLDT, SoftBank and Sprint. Another of Tomia’s clients, Orange, is working with IBM on a roaming solution with Tomia competitor Syniverse. Outside of settlements, Deutsche Telekom and SK Telecom are working together for an identity solution.
Tomia’s blockchain solution will use R3’s Corda and the Azure Blockchain Service. It has also partnered with KPMG for consultancy.
“Blockchain has the potential to deliver transparency and visibility, providing the opportunity to help reduce reconciliations and increase efficiencies associated with traditional interconnect billing, roaming and partner settlement processes. KPMG is pleased to be working with TOMIA,” said Arun Ghosh, KPMG’s National Blockchain leader.