Block chain week in Paris, France, as one of the highly respected activities of the industry this year, has long led to public concern. Since then, the event has focused on bringing together blockchain enthusiasts, developers, entrepreneurs and other stakeholders from all regions of the world to explore the latest release opportunities in the blockchain industry. Participants can also participate in a variety of activities, including lectures, group discussions, seminars, hackathons and Internet activities. Through this event, Block chain week in Paris, France provides opportunities for organizational and personal thought leaders to arouse ideas and come up with solutions for everyone to choose from. In this year's event, the most attractive is the application of blockchain technology ledger in the telecommunications industry.

At this stage, the telecommunications industry is built to a certain extent around the charging and payment process, which is directly related to revenue and customer satisfaction. Unfortunately, due to the high diversity of this kind of system software, the traditional centralized system for this function often results in low error efficiency. Incorrect addition of customer disputes, dispute cases usually increase the leakage of revenue, over time, it may seriously affect the operating capacity of the enterprise.

In addition to being prone to travel mistakes because of the lack of transparent color system software, enterprises in the telecommunications industry are also facing the test of safety in production, especially the intentional physical hacking, they want to seek personal gains and losses through system vulnerabilities in the system. Although it is an example, it is known that fraudsters use methods such as phishing attacks to obtain unauthorized browsing or control of communication records or other income and expenditure details of the business.

The third test is data roaming. Users who travel abroad will face high long-distance roaming fees, causing surprise and depression in the details of income and expenditure. In addition, telecom network operators are facing a series of tests, such as complex data roaming agreements between management methods and other platforms, and ensuring a seamless roaming experience for customers. Fortunately, several authoritative experts in Paris, France have long allowed the opportunity to evolve the telecommunications industry with the technical support of blockchain.

The area where telecom meets the block chain

The application of blockchain technology has become more and more popular in recent years, adding breakthrough changes to several industries and affecting their operation models. The telecommunications industry is such an industry that can benefit greatly from the converged block chain.

Blockchain technology is based on the provision of decentralized, fully transparent and tamper-proof ledgers to solve the test of the telecommunications industry, so that telecom network operators can automatically implement their charging steps. With blockchain, telecom companies can establish intelligent contracts and automatically complete charging agreements according to preset standards, thus reducing the probability of human errors and disputes. In addition to the simplified charging steps, blockchain technology also provides safe and frictionless payment options, including digital currency.

When deciding on security precautions, the decentralized and transparent Internet provides essentially tamper-proof software, making blockchain a compelling choice for maintaining secret data. By using the distributed ledger technology of blockchain, telecom network operators are able to ensure the integrity and integrity of their databases, as all transactions are recorded and tested by the Internet connection points. All unauthorized browsing and modification attempts can be easily tracked so that they can be quickly put into action to avoid any further network security problems.

The same tamper-proof and block-chain technical characteristics of the block chain also ensure that all transactions have been recorded transparently, providing more accountability and stability in the data roaming link.

As a speaker at blockchain week mentioned, the three uses of blockchain technology understand only one of several reasons why this technology is in charge of the telecommunications industry in the future. External factors include efficient Internet of things (IoT) management and integrated customer relationship management (CRM) solution diversity.

Lay a solid foundation for Web3

This future definition of the telecommunications industry is proposed through Emeldi Group (EMG), a personally held app provider that specializes in providing disruptive and innovative products to the telecommunications industry. In addition to its commitment to innovative software solutions, EMG also uses it to establish a strong relationship between blockchain super applications and blockchain technology.

The EMG working group spoke at Block chain week in London. Origin: YouTube

With more than 46 telecom executives and more than 60 million customers using its commercial service CRM,EMG team to continue to promote the massive selection of blockchain technology applications in the telecommunications industry.