11.8 C
New York
Saturday, October 31, 2020
Home Trends UK telecom regulator gets nearly $1M to put phone numbers on the...

UK telecom regulator gets nearly $1M to put phone numbers on the blockchain

 

The United Kingdom’s telecommunications and broadcasting regulator, Ofcom, has received $915,000 (£700,000) to explore blockchain as a potential solution to the nation’s telephone number management woes.

The money from the Department of Business, Energy and Industrial Strategy will fund research and development into telecom technologies used in the management and delivery of landline telephone numbers, Ofcom announced yesterday.

“Between now and April 2020, we’ll be inviting industry participants to trial the porting and management of millions of telephone numbers using blockchain and ledger technology,” the announcement reads. “We’ll be co-ordinating this work across industry, universities and other third-party providers.”

There are over 1 billion phone numbers in use (or reserved for use) in the UK. Managing how these are moved between operators is a complicated job, that is quickly becoming outdated as phone lines move from analogue to digital systems.

Ofcom believes that blockchain and distributed ledger technology will be able to address the impending obsolescence of current systems, while also addressing the failures of previous attempts to develop a single database of UK telephone numbers.

The telecom regulator thinks that blockchain will bring a cost-effective, collaborative, and future-proof solution. But other than parroting around buzzwords and highly contentious claims, Ofcom has yet to precisely how blockchain will provide such a solution.

The fact remains, this is the first step on a long road of development.

The good news is that the system will be tested before being deployed. In true open source spirit, any useful knowledge or code developed along the way will be shared with the industry. The bad news is we’ll have to wait a few years first.

Source: The Next Web

To Read Our Daily News Updates, Please Visit Inventiva Or Subscribe Our Newsletter & Push.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

Most Popular

E dukan on rent- your business, your brand. Take your dukan online! 

A year ago, nobody would have thought the world will change like this. But here we are living a life that people call new...

The pregnant deer – A beautiful management story

In a forest, a pregnant deer is about to give birth. She finds a remote grass field near a strong-flowing river. This seems a safe place. Suddenly...

Here’s the effect of COVID-19 on the Aviation and Shipping Industry!

The COVID-19 (coronavirus pandemic) has an adverse effect on the world's Economy and Trade. According to the reports, global economic growth is...

Top 4 cities in India to start a startup

India is an amazing place where you can start your start-up for the very first time. When it comes to counting the...

Recent Comments

%d bloggers like this: