Blockchains have already disrupted some of the biggest industries in the world – like finance, banking, international remittance, and supply chain management to name a few. This is a testament to the fact that blockchains offer radically new ways of conducting business. Blockchains bring with them their primary benefits of trust, security, transparency, and autonomy across all nodes participating in the network. One of the most important things for telecom companies is to innovate in a highly competitive market while at the same time reducing costs. This use case has covered all the major aspects of the telecom industry that can benefit from blockchain technology.
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