The leading digital transformation provider, Tech Mahindra, which is renowned for consulting and business re-engineering services and solutions, an industry veteran in providing services on Digital Trust, announced strategic partnership to drive scale adoption of blockchain-based solutions for telecom operators globally.

These solutions will start fraud mitigation and drive operational efficiencies for communication service providers (CSP) using reduction compliance complexities and faster time-to-market.

The partnership will grant real-time reconciliation for reports with summarized data in minimizing discrepancies, leading to reduction of multiple validations and quick dispute resolution through tamper-proof verifiable transactions. With this collaboration, there will be expedite settlement for communication service providers (CSPs) and drive-enhance visibility in the end-of-the-month billing cycle.

The CSPs will benefit from the enhanced operations efficiencies through leverage of blockchain based smart contracts and forge more impactful alliance for driving trust amongst diverse stakeholders.

“Being a service provider of choice for global telecom operators, Tech Mahindra will help reduce overheads and enhance business profitability. As part of TechMNxt charther, Tech Mahindra aims to offer a cutting-edge solution built on Blockchain and smart contracts that optimizes spends and proactively mitigates disputes. In the collaboration with Subex, adding blockchain as the middleware will add the necessary layer of security and ensure faster and efficient operational process,” said Rajesh Dhuddu, Blockchain and Cybersecurity Practice Leader, Tech Mahindra.

Tech Mahindra will be rolling-out solutions for the telecom operations backed by its proven capabilities in operations support system (OSS) and business support system (BSS) domain. The solutions will be integrated to Subex’s blockchain network and capabilities for an enterprise-grade DLT (Distributed Ledger Technology) network. Moreover, Tech Mahindra has plans of extending the existing inter-carrier settlement implementation in phase-II for inclusion of roaming agreements through smart contracts and leading to reduction in operation cost, faster turnaround times and dispute minimization.

“It is indeed a great pleasure for Subex to be joining hands with Tech Mahindra, towards making Blockchain a business reality within the telecom world. 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. Towards this, we have made significant strides towards leveraging Blockchain in solving challenges across multiple use cases. Considering Tech Mahindra’s visionary stance towards Blockchain, and their renowned leadership towards driving digital transformation projects built upon the technology, we believe that this partnership will go a long way towards increasing the adoption of Blockchain within the telecom industry,” said Rohit Maheshwari, Head – Strategy & Products, Subex.

As a TechMNxt charter part, Tech Mahindra has deep focus on leveraging cutting-edge technologies for delivering enhanced experience for the customers and is presently engaged with multiple service providers globally on their network transformation journey.