Telefónica, Deutsche Telekom and Vodafone Use Blockchain for Roaming Settlement

Cointelegraph

Published Jul 13, 2020 04:29AM ET

Updated Jul 14, 2020 06:20AM ET

Three global industry leaders in telecommunications — Spain’s Telefónica, Deutsche Telekom (OTC:DTEGY), and British provider Vodafone (NASDAQ:VOD) — have jointly finalized a trial blockchain solution for the settlement of roaming discount agreements.

Developed by blockchain startup Clear, the solution is expected to reduce capital costs for telcos, support faster revenue recognition, and provide more efficient settlement for their inter-company deals and workflows.

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