Syniverse and IBM have joined forces to help advance the next generation of mobile roaming solutions. They have run a pilot program that uses open-source blockchain technology to instantly validate new wholesale billing and charging processes for clearing and settlement services.
The Syniverse and IBM pilot is designed to enable “smart contracts“ to be coordinated and executed between mobile operators. The smart-contracts capability of blockchain technology helps determine the rules and processes governing each transaction between parties. This capability will help improve customer efficiencies and reduce the friction of doing business, such as for dispute management.
“With the growth of today’s interconnected networks and emerging online technologies, the future of clearing and settlement lies in the ability to securely clear and monetize any type of connected transaction, whether it’s for roaming, the internet of things, or any other process. In collaboration with IBM, we’ve integrated the power of blockchain to design a pilot that addresses several business challenges,“ said Dennis Meurs, Vice President and General Manager, Transaction and Clearing Services, Syniverse.
Working with the IBM Garage to design and build the pilot solution on the IBM Blockchain Platform, Syniverse recently validated it in trials with two international telecommunication companies, Orange Group and Mobile TeleSystems. Orange worked to implement, test, and provide feedback on the solution, and reported that the solution will help increase operational efficiency, especially for call event creation and data exchange, based on the specific steps included in the pilot.
MTS Russia reported that it saw valuable efficiency gains in clearing and settlement for roaming, underpinned by increased operational efficiency, auditability, and smart-contract management. The mobile operator also reported that the solution provided the capability to directly create, validate, and view all agreements with partners using smart contracts.
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