Tech Mahindra announced that they had deployed their blockchain solution for the telecom sector, in order to combat the menace of unsolicited calls, which were generally spam.
Last year, the company had announced that it was working with Microsoft and Telecom Regulatory Authority of India (TRAI) on this issue since the time this regulation was being formally structured and have designed this solution post a series of collective sessions with the regulator and multiple stakeholders in the value chain.
For the uninitiated, in May 2018, TRAI had penned down a draft suggesting use of blockchain technology on Tuesday to cut down on unsolicited phone calls from spammers and other unwelcome callers.
Announcing the development, Rajesh Dhuddu, Global Practice Leader, Blockchain, Tech Mahindra, said, “Blockchain is a focus for corporates and government alike, and is expected to be a trillion-dollar market by 2030. With the concerted and coordinated efforts by the Indian government and the industry backed by appropriate regulation, India can continue to sustain and enhance its leadership position in Blockchain technology. At Tech Mahindra, we are betting big on Blockchain as part of our TechMNxt charter, to deliver tangible business value and empower our customers to provide a completely differentiated experience to their end customers.”
The technology was called TechMNxt, a program which has been rolled out by Tech Mahindra to better understand customers’ ‘evolving and dyanmic needs’.
Last year Dhuddu had said, “Blockchain as a technology is a powerful tool to combat the issue of spam calls and fraud risks, to protect user information, as well as the integrity of the telecom sector. This Distributed Ledger Technology (DLT)-based solution will enable enterprises to stop financial frauds and perpetration of misleading financial information by unregistered telecom marketers who rampantly use the SMS service of Telcos.”
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