Home News Blockchain TRAI Chairman Says Effects of Blockchain Will Be Visible Soon

TRAI Chairman Says Effects of Blockchain Will Be Visible Soon

July 04, 2019 15:21
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Source: Campaign India
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Telecom Regulatory Authority of India (TRAI) chairman, R S Sharma said that the benefits of blockchain technology would soon be apparent.

Sharma said, mobile operators are in final stages of operationalising TRAI-prescribed new system for curbing pesky telemarketing calls, and consumers will begin to experience benefits of the new ‘blockchain’ framework in a month,  reported news portal, Money Control.

He said, “We will review in the first week of July, as to what was the progress of each entity, but the last I reviewed – I was informed that everybody is ready or in the final stages of operationalising it.”

TRAI has been working with blockchain for a while now. Last year, the regulatory body had proposed a solution to curb unsolicited calls and to strengthen the Do Not Disturb services that it had launched in the year 2010. It had stated that the new regulation would require recorded consent from the consumers only after they have given explicit consent through either the DND 2.0 service app, an SMS or through a phone call. Also, the consumer can, at any point, revoke the consent.

At the time, Sharma had said, “Blockchain ensures two things — non-repudiation and confidentiality. The technology ensures that information is made available to people only on a need-to-know basis and only those authorised will be able to access subscriber details based on consent. Since all actions are documented using blockchain, they cannot be tampered with. Telecom service providers and other stakeholders will invest in the technology infrastructure to ensure regulatory compliance at the time of implementation.”

The proposed rules laid down stringent obligations for operators, including evolving Code of Practices, registering customers preferences, maintaining records, and mandate the adoption of blockchain or the distributed ledger technology.

Sharma added, “The blockchain technology is soon going to be operational in controlling the unsolicited communications. This will be be the first instance of implementation of the blockchain technology in this area globally, and we are looking forward to the results.”

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