UK Telecom Regulator Receives Grant for Phone Number Management with Blockchain
The United Kingdom (UK) Communications Office (Ofcom) announced on October 8th. He was awarded £ 700,000 ($ 916.00) from the Business, Energy and Industrial Strategy Department (BEIS) to explore Blockchain technology. The grant will help the UK telecom regulator examine how the blockchain can improve the management of fixed phone numbers.
Founded in 2016, BEIS is supported by 46 agencies and public institutions. And it is a government department responsible for business, industrial strategy, science, innovation and energy and climate change policy.
As a requirement of the announcement, Ofcom is trying to test "millions" of phone movement and management by using industry-based blockchain technology, and the agency itself will coordinate the business. The statement, "the numbers of these numbers, their numbers and movements (their) control and out of the hands of the telecom operators who manage to control," he said.
UK Telecom Regulator to Manage Phone Numbers with Blockchain
According to the regulator,
previous attempts to create a central database failed due to collaborative barriers and high costs. It will reveal the direction in which Blockchain technology advances.
Ofcom notes the potential of the blockchain, noting that legal regulation and reduction of work costs are the main benefits of ”increasing industry agility” and more effective management of disturbing calls and frauds. Technical Director of Ofcom Mansoor Hanif said:
Iz We'll work with the industry to discover how Blockchain replaces providers while maintaining their numbers and helps reduce how the troubles are reduced more quickly and easily. And we will extend our research to other areas where innovative technologies like blockchain can be applied to benefit consumers. "
Telecom operators in other countries are also considering using blockchain technology to manage their networks. In July, China's three major telecom operators began to create a blockchain research group, aiming to create a bir trusted blockchain application team to explore the blockchain field. Temmuz
In July, South Korea's largest telephone company, KT Corporation, launched its blockchain-backed commercial network. The firm wants to make it more secure and transparent. He built a blockchain layer over the existing network across the country to manage data more efficiently.