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Blockchain opportunities for the telecom industry

January 18, 2018

Blockchain use cases for telcos

Blockchain is poised to disrupt the telecom industry. The technology provides users with a distributed, decentralized way to conduct online transactions with an assembly of records called blocks, which are strung together using the mathematical language of cryptography. While still a budding technology, new blockchain use cases are emerging in a variety of industries, including telcos.

Micropayments

Blockchain is anticipated to enable smart contracts, a computer program that outlines the conditions under which an online transaction can take place.

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