TELECOMMUNICATIONS
MTN and Vodacom exploring blockchain technology
Mobile operators Vodacom and MTN are testing blockchain technology to see how it can be used to improve processes such as number-porting and inter-carrier settlements. Blockchain, the shared-records system based on distributed ledger technology, is best known for its role as the backbone of cryptocurrencies such as bitcoin. Interest is quickly growing, although different industries are still coming to terms with the best-use cases. Both Vodacom and MTN, SA’s largest mobile operators, told Business Day they were investigating a number of potential use cases for the blockchain technology. An MTN spokesperson, who asked not to be named, said the mobile operator was seeing how it could use the technology to automate roaming transactions using smart contracts to make number-porting faster and more efficient, and for automated inter-carrier settlements. Advisory firm Delta Partners said in a report shared with Business Day that blockchain technology could replace "the expensive mediation ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.