Telecom giants BT, Telefonica, Telstra, and HGC Global Communications join blockchain settlement trial
Clear uses blockchain technology to speed up intra-industry settlement times and reduce costs, while maintaining control, privacy, and a high level of assurance.
Real-time verification and automatic dispute resolution reduces settlement time, decreases risk, and streamlines payment
Industry-wide networks provide a source of truth for entire cross-company processes, automating existing work, and enabling new types of products
Encryption and blockchain technologies ensure all proprietary data and transactions are secure and confidential.
Clear Launches First Blockchain Solution for Telecom
Marc Halbfinger, CEO of PCCW Global and Chairman of GLFThrough our collaboration with Colt and Clear we are eager to demonstrate how the many potential uses of blockchain across our industry can deliver exponential value by improving the ways in which we interoperate.
Carl Grivner, CEO of ColtThe second iteration of the PoC signals the future of telecoms, whereby previously intensive manual practices can be securely automated in order to allow businesses such as Colt to invest resources into driving both our and our customer's businesses forward.
Marc Halbfinger, CEO of PCCW Global and Chairman of GLFA lot of the conversations at the GLF have been around how innovative technologies such as blockchain can be used to improve the overall efficiency of the industry, and with the PoC expanding to include more carriers, it is clear that the industry is seeing the benefit of becoming further aligned.
Andrew Kwok, CEO of HGCThis expanded trial which now includes HGC, shows the momentous initiative of the GLF led Blockchain work stream. This initiative, if positive, would certainly demonstrate a new business relationship among global carriers and reshape our business practice in the industry.
Juan Carlos Bernal, CEO of HGCWe are convinced that blockchain is a relevant technology that will not only help the wholesale business to gain efficiency, but also significantly improve the efficiency of launching new services.
Wholesale carriers Colt and PCCW Global in trial of blockchain for speedy settlements
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