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Use Of Blockchain In Telecom And Media Industry

Blockchain is a growing technology, and with each passing day, the technology is improving and posting new modes of using the same. The best feature of Blockchain is that it is omnipresent. Irrespective of the type of industry, you can find its use in it. Decentralization, immutability and provenance are some of the features that make Blockchain a universal technology.

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Use Of Blockchain In Telecom And Media Industry

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  1. Use Of Blockchain In Telecom And Media Industry Blockchain is a growing technology, and the technology is evolving and publishing new modes of using the same with each passing day. Blockchain's greatest attribute is that it is universal. In it, you will find its use regardless of the type of industry. Some of the functions that make Blockchain a universal technology are decentralization, immutability, and provenance. The use cases of Blockchain in the media and telecom industry will be illustrated in this blog.

  2. Blockchain: game-changing media and telecommunications technologies Blockchain has the ability to influence virtually every industry, as we have already stated. Blockchain use in the telecommunications industry is projected to rise from USD 46.6 million in 2018 to USD 993.8 million by 2023, with a CAGR of 84.4 percent between 2018 and 2023, according to a recent study. All of this development is attributed to Blockchain's certain characteristics, making it one of the most popular innovations of the day.

  3. Process simplification: speaking about the usage of Blockchain in the telecommunications industry, it can then be used to simplify the process. KYC uses a lot of time for procedures such as identity verification. In addition, storing all this information on a centralized platform always poses a risk of violation of data, but we can simplify the process with Blockchain. Blockchain is already being used for KYC in the banking and financial segments, and the same can also be used in the telecom industry.Telecom companies may use programmable blockchain technologies to automate SLA agreement documents into smart contracts and show a real-time view of the stakeholders.

  4. Micropayments: Micropayments used to purchase online mobile games, music, ringtones, etc. may be another use case for Blockchain. With the use of Blockchain, bank account data, credit information and sensitive information would not be allowed to be exchanged with third parties. All, in simple words, will become more stable. Managing online advertising: There is so much knowledge that it is impossible for any business to handle it. Telecom companies will use an infinite source of data present in the internet advertising industry with Blockchain technology and use it in a better way.

  5. Better copyright control: One of the major problems faced by most content creators is that they have less control over their content, and the payment is not as per the norm, mostly because content creators have to share their money with third-party sites for sharing content. With Blockchain, the producer of content may communicate directly with the user, thus granting them full control over the content. At the same time, the payment comes directly to the maker of the material, so they don't have to share the sum with anyone. In addition, the encryption function is a feature of Blockchain that will be used by both the media and telecommunications segments. Blockchain provides data encryption that makes it completely secure.

  6. Conclusion All of that made Blockchain the future of technology. It has the power to change the way the organization runs, and if you still want to be part of this change, now is the time for the Blockchain Council to sign up for the Blockchain certification.

  7. Blockchain Council Certifications You can check out our certifications, and kick start your career in the Blockchain space today. • Certified Blockchain Expert • Certified Blockchain Developer • Certified Smart Contract Developer • Certified Solidity Developer • Certified Ethereum Developer

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