Syniverse and IBM to Launch Pilot Testing Program for Blockchain-driven Mobile Roaming Solution
Syniverse has announced a partnership with IBM for the advancement of next-generation mobile roaming solutions using blockchain technology. The two companies will run a pilot program that leverages open-source blockchain technology to facilitate the instant validation of wholesale charging and billing transactions for clearing and settlement services.
Precisely, the pilot will initiate smart contracts that will be controlled and executed by telecommunications service providers. The inherent features of blockchain driven smart contracts will significantly improve customer experience and reduce the frictions that typify most business transactions.
Dennis Meurs, the VP and General Manager of transaction and clearing services at Syniverse, said that the strength of connections defines the sustainability of a business’s transactions. He added that technological advancements and expansion of interconnected networks means that clearing and settlement transactions must now be monetized. Dennis concluded by stating that their partnership with IBM will create a solution that addresses the majority of clearing and settlement challenges in the mobile ecosystem.
So far, Syniverse has already successfully tested the pilot with two international mobile operators Mobile TeleSystems (MTS) and Orange. The solution, which is built on the IBM Blockchain Platform, was developed together with the IBM Garage. The feedback from Orange was that the solution improved the efficiency of operations, specifically data exchange and call event creation processes. MTS also provided a positive response, stating that the solution allowed them to manage all agreements with partners using smart contracts.
Blockchain technology increases operational efficacy for mobile operators by storing data in a secure, transparent and immutable ledger. As a result, all network participants can access transaction records detailing roaming charges.
The pilot is also a working proof of the GSMA Unified Data Record standard (UDR), whose role is to charge settlement and is expected to handle the new devices that launch following the introduction of IOT and 5G technologies. GSMA UDR is particularly important because it can cope with the remarkable speeds of 5G and IoT-enable devices.
Utpal Mangla, the VP, and partner for blockchain at IBM's telecommunications department, said that the implementation of blockchain technology will improve customer experience and increase the processing of transactions.