Blockchain in Telecom Market is to Reach $25.2 Billion by 2030

Telecom industry is using blockchain technology more and more to strengthen security and enhance identity management. Blockchain offers a strong framework for managing identities and safeguarding consumer data through the use of a decentralized ledger, making identity theft and data breaches practically unheard of.

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 By ensuring secure transactions and communications, this improves customer confidence and complies with regulations. The use of blockchain technology to offer revenue assurance and stop fraud is another noteworthy trend. Fraudulent activities such as roaming and subscription fraud cause telecom carriers to suffer significant losses. Because of its transparent and unchangeable ledger, blockchain ensures correct billing and minimizes revenue leakage by assisting in the real-time detection and prevention of fraudulent transactions. For telecom businesses, this improves operational efficiency and profitability.

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 Key Growth Drivers:

• Fraud Prevention: Blockchain enables real-time, immutable data verification, minimizing SIM swap and call termination fraud.

• Smart Contracts: Automating interconnect agreements and billing using blockchain smart contracts improves accuracy and reduces processing time.

• Roaming and Identity Management: With blockchain, telecoms can streamline roaming services and securely authenticate users across borders.

• 5G & IoT Integration: As 5G and IoT adoption expands, blockchain helps manage billions of device identities and data exchange securely.

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Divya Paidimalla
 IndustryARC
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Author: Ernestro Casas -

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