Accounting firm KPMG and enterprise software companies Microsoft, R3 and TOMIA to develop blockchain settlements solution for telecommunications market

Briefing

Accounting firm KPMG and enterprise software companies Microsoft, R3 and TOMIA to develop blockchain settlements solution for telecommunications market

July 22, 2019

Briefing
  • Telecommunications Blockchain – KPMG, Microsoft, R3 and TOMIA have partnered to build blockchain for coordinating settlements and reconciliation of mobile data roaming charges for telecommunications industry
  • 5G Problems – 5G deployment will increase data volume, cross-border settlement costs, and complexity from tracking billions of mobile interactions from hundreds of interconnected networks across suppliers
  • Blockchain Benefits – Will increase transparency, lower costs, save time on settlements and disputes from multiple weeks to multiple days, eliminate manual processes, and usher in 5G switch more smoothly
  • Partnership Contributions – KMPG leads solution design and execution, R3 provides Corda blockchain platform, Microsoft brings cloud-based Azure, and TOMIA contributes telecommunications expertise

Accelerator
Cloud-Based Services, Networks and Connectivity, Web3 Ecosystems, Tokens and Consensus Mechanisms

Market Disruption
Innovation Partnerships

Business Model and Practices

Business Model
and Practices
Data, Interfaces and Algorithms, Efficient Capital Requirements, Innovative Partnerships, Minimized Cost Structures

Sector
Information Technology, Telecommunications

Function
IT Infrastructure

Organization
KPMG, Microsoft Corp., R3, TOMIA

Source

Original Publication Date
July 19, 2019

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