Tech Mahindra and Subex have announced strategic partnership to drive scale adoption of blockchain-based solutions for telecom operators globally.
These solutions will enable fraud mitigation and drive operational efficiencies for communication service providers (CSP) by reducing compliance complexities and faster time-to-market.
The partnership will enable real-time reconciliation reports with summarised data to minimise discrepancies, leading to reduction of multiple validations and quick dispute resolution through tamper-proof verifiable transactions.
Further this collaboration will expedite settlement for communication service poviders (CSPs) and drive enhanced visibility in the end-of-the-month billing cycle.
Rajesh Dhuddu, blockchain and cybersecurity practice leader, Tech Mahindra said: “The collaboration with Subex will add blockchain as the middleware, giving the necessary layer of security and ensure faster and efficient operational process. ”
Tech Mahindra will roll-out solutions for telecom operators, and the solutions will be integrated with Subex’s blockchain network and the capabilities of an enterprise-grade DLT (Distributed Ledger Technology) network.
Rohit Maheshwari, head – strategy and products, Subex, said: ” With Subex’s strategy of enabling businesses to build trust within the digital ecosystem, we believe that blockchain-based technologies will play an important piece to that puzzle.”