Tech Mahindra will be collaborating with TBCASoft for the promotion of Cross-Carrier Blockchain Platform for telecom operators. TBCASoft spearheads the Carrier Blockchain Study Group (CBSG), a group of telecom operators which is developing blockchain centric services.
“Driven by a strong need to transform operations and enabling new monetization possibilities, telcos are leveraging blockchain as one of the game-changing technologies. Blockchain also complements the 5G network rollout plan of telcos as it opens up new opportunities to monetize transactions happening across the network and complements existing technologies to achieve greater security. Tech Mahindra’s partnership with TBCASoft, will enable us to jointly develop and explore blockchain possibilities for CBSG Consortium members,’’ said Manish Vyas, President, Communications, Media & Entertainment Business, and the CEO, Network Services on the development.
Cross-Carrier Blockchain technology is becoming renowned in enabling telecom operators to offer a host of services with security, real-time transactions and transparency.
“Telcos continue to push the frontiers of digital transformation to provide a completely new customer experience. We at Tech Mahindra have designed various Blockchain solution sets leveraging enterprise Blockchain protocols, to help telcos globally accomplish higher net promoter scores, lower operational costs and enhance profitability. This consortium will play a critical role in taking these solutions to the telcos and helping them unlock multiple benefits,’’said Rajesh Dhuddu, Global Practice Leader, Blockchain, Tech Mahindra.
Adding more on the development, Ling Wu, Founder and CEO, TBCASoft and Co-Chairman of CBSG Consortium said, “Global carriers have already provided reliable and ubiquitous networks. By partnering with TBCASoft under the CBSG Consortium, carriers are able to create and extend their services beyond traditional markets and borders. The demands from global telecom carriers to join the CBSG blockchain collaboration with TBCASoft have been increasing rapidly. In the meantime, carriers may need additional expertise in planning new services in emerging areas. We look forward to providing more value to our Consortium members by teaming up with global partners like Tech Mahindra”.
