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KPMG, a multinational accounting firm, works in partnership with software companies TOMIA, Microsoft and R3 to develop a blockchain for telecommunications regulations.
KPMG, one of the "Big Four" accounting firms, has already conducted blockchain-specific pilot projects, always seeking to address cross-border and network complexities.
The latest partnership, consisting of two leaders in the distributed ledger (DLT) industry, Microsoft and R3, continues to address issues related to multiparty connections. Specifically, KPMG is addressing the challenging data challenges of 5G connectivity.
The company says that "international data roaming data revenues are expected to reach $ 31 billion in 2022, with an average annual growth rate of 8%."
It is this acceleration in the use of international data that Arun Ghosh, head of blockchain at KPMG, mentioned in a blog post:
"While we will be able to consume more data faster and at more sites than ever before in the next wave of progress in the telecommunications sector, it is increasingly complex for telecom companies to track and to pay their interchange fees. "
The blockchain tested aims to reduce future costs, the number of disputes and the time required for telecommunication regulations caused by "billions of mobile interaction flows".[ing] through hundreds of connected networks managed by dozens of customers and suppliers. "
The commercial partnership not only seeks to reduce future costs, but also the current inefficiency of the market. Settlements and reconciliations are currently handled manually and can last up to a month, Ghosh said.
Currently, he said, a tremendous amount of data is being generated around mobile devices, including the metadata of the origin and the end of a call, the terms of the contract of interest. user and billing information, which must be authenticated by at least two parties if they are crossed. service operations occur.
"The three pillars of the regulations – the subscribers, their contracts and the amount of data generated – can all be integrated into a private ledger, allowed to be seen and verified by telecom operators," he said. In fact, KPGM now reconciles much of this information automatically with the smart contracts they've designed.
Ghosh said that KPMG had taken charge of the design and execution of the project. While Microsoft acts as the main architect, Corda de R3 acts as the backbone of the operation and TOMIA brings a layer of telecommunications know-how through the representation of some forty global operators.
Prior to this blocking initiative, KPGM advised telecom operators on the cost-effective deployment of 5G networks, cybersecurity, privacy and data protection, as well as revenue recognition and lease accounting.
KPMG building via Flickr
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