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Revenue shifts of your clients: The telecom and media and entertainment sector has been undergoing digital transformation with the adoption of blockchain technology. Blockchain technology allows the telecom operators to enable new use cases such as OSS/BSS process management, identity management, smart contracts, connectivity provisioning, and payments. With technology advancement in blockchain, crypto assets and government initiatives, telecom operators can address their business process optimization and enable secure payments for their clients.
Unknowns: Several industries such as media and entertainment, banking, insurance, and government sectors possess high growth opportunity areas in the blockchain industry with the increasing venture capital funding and investments in blockchain technology in these sectors. In the coming years, the telecom operator’s reliance on blockchain technology for smart contracts and payments will generate a new revenue stream for telecom operators and software vendors in the blockchain market.
Interconnection: Crypto asset management market, which is valued >USD 1 billion and growing with a CAGR of ~20% could also be a game changer for telecom operators and blockchain solution vendors with increasing adoption of the crypto asset management solutions for managing and trading cryptocurrency and crypto assets.