Victor Ugochukwu · Dec 14, 2020 . 5min read
Subex collaborates with Tech Mahindra to develop Blockchain-based solutions to drive the Telecom sector
Tech Mahindra and Subex has joined forces to roll out Blockchain-powered solutions for telecom operators around the world.
By Komal Joshi · Nov 8, 2020 . 7min read
Subex, an industry leader in offering services based on digital trust, has collaborated with Tech Mahindra to launch blockchain-powered solutions for telecom operators globally. Tech Mahindra is a foremost provider of consulting, digital transformation, and business re-engineering services and solutions. Moreover, Subex is a preeminent global provider of the Business Support system and Operations Support System. The company enables communication service providers to obtain a contentious advantage through Capex and Business Optimization. It enhances operational efficiency to deliver enhanced service experiences.
The blockchain-based solutions will augment the operational capabilities for communication service providers. It will also help in stimulating fraud mitigation by decreasing compliance problems. The blockchain-based solution will integrate Subex’s blockchain network and its abilities of an enterprise-grade DLT (Distributed Ledger Technology) network.
According to the blog post, the collaboration will support the production of real-time reconciliation reports with the information to reduce errors. It will also resolve issues instantly. Nevertheless, the entire process will lead to a decline in various validations through tamper-proof valid transactions.
Tech Mahindra and Subex’s Blockchain solution to improve transparency by monthly billing cycle
This collaboration will facilitate settlement for communication service providers and encourage enhanced transparency in the monthly billing cycle. The communication service providers will profit from advanced operational efficiencies. Moreover, it will leverage blockchain-based smart contracts and produce more impactful partnerships to encourage trust amongst different stakeholders. Tech Mahindra also announced that it would roll out solutions for the telecom operators driven by its established skills in operations support systems and business support systems vertical.
Conversing about this new blockchain-based solution, Rohit Maheshwari, Head of Strategy & Product at Subex, said that the company had taken important strides towards leveraging the blockchain in resolving objections over multiple use cases. Therefore, its collaboration with Tech Mahindra will go a great way towards enhancing the adoption of blockchain in the telecom industry.
Tech Mahindra focuses on leveraging cutting-edge technologies to deliver an enhanced experience to the consumers. Earlier, Tech Mahindra collaborated with Amazon Web Services (AWS) to develop Blockchain technology solutions. Tech Mahindra offers Blockchain solutions designed on Amazon Managed Blockchain to users globally, employing AWS and other leading organizations worldwide.
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