The EEA shared the announcement with Cointelegraph on Aug. 28. According to the announcement, the new document on blockchain solutions in the telecom industry was created by the EEA Telecom Special Interest Group (SIG).
This document is free and open to the public, and reportedly contains information on how blockchain technology can streamline business transactions and internal operations in telecommunications. Additionally, the document purports to show how so-dubbed standards-based decentralized applications can decrease fraud risk, in addition to more direct monetary benefits.
Use cases and contributors
Additionally, the document contains a number of detailed use cases for blockchain solutions in telecoms, including the following: Blockchain-Based Telecom Call Roaming User Authentication; Blockchain-Based Telecom Call Roaming Reconciliation; and Data Privacy and Monetization, among others. EEA Telecom SIG member Dr. Andreas Freund of ConsenSys remarked:
“These telecom use cases allow the EEA to identify the building blocks, automated contracts, and standards needed to drive the next generation of Ethereum-based telecom applications [...] Our goal is to educate EEA members along with global telecom professionals to the uses and benefits of EEA standards and Enterprise Ethereum blockchain technologies while fostering industry cooperation and interaction.”
A number of major telecom groups helped to create this document, and EEA Executive Director Ron Resnick commented on some of these notable contributors. He said:
“On behalf of the EEA and the EEA Telecom SIG, we would like to thank T-Mobile, SK Telecom, KDDI, and ConsenSys for their extensive contributions. We hope that other global telecom leaders will join the EEA Telecom SIG’s efforts to expand upon this important work.”
Prior work by the EEA
As previously reported by Cointelegraph, the EEA published a document on blockchain use cases in the real estate sector in May. Over 50 real estate companies contributed to the project, which contains four main use cases for blockchain in real estate. These use cases are property tokenization, token-enabled marketplaces, a standardized property data system and a use case to speed up the recording and transferring properties.